Rock the vote: Egyptian economy hangs on election results

Egypt needs to lure back foreign investors to alleviate pressure on domestic banks. Even with the promise of Gulf aid, the country’s fortunes hang on its upcoming elections.
November 3, 2011 2:12 by Reuters
…the North African country had not yet made any request, officials told Reuters on Oct. 26.
– Egypt foreign reserves dipped to $24 billion at the end of September from $25 billion at the end of August.
– Egypt’s parliamentary elections will run in several stages from Nov. 28 until March 11. The new parliament will be responsible for drafting a new constitution.
– A presidential poll is not expected to take place until late 2012 or early 2013.
– Egypt says local lenders not able to fund deficit
The author, Una Galani, is a Reuters Breakingviews columnist. The opinions expressed are her own.Editing by Pierre Briançon and David Evans)
Pages: 1 2
More on Analysis
-
Here’s to Yahoo being ‘cool’ again
-
A major step for Turkey
-
Dusting off the Emirates ID card
-
Turkish Airlines Can Ride Out Turbulence
-
Air Berlin doesn’t need Etihad’s help
-
Turkey’s IMF emancipation deserves cautious cheer
-
Nokia charging back with full force
-
LinkedIn won’t tolerate ‘unlawful’ activities
-
Drake and Scull chief dismisses speculation
-
Kuwait could sign plane deal in May
-
Abu Dhabi’s new financial zone ‘complements Dubai’
-
TRA denies harsh ‘skype penalty’
-
For banks in cyber heist, how to get their money back?
-
Ending the year on a profitable note – nasair
-
Coca-Cola says no more ads for children
-
Akbar Al Baker – vigorously pursuing expansion plans
-
Kuwait ministers reach out to bloggers and journalists
-
Saudi to tackle fuel subsidies
-
Qatar Airways spreading its wings
-
Gulf Airlines get ready for Boeing’s 777X
Lately on Kipp
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Tesco Clothing Brand Plans International Expansion
-
Here’s to Yahoo being ‘cool’ again
-
Kindi enters into strategic partnership with MadVillage
-
First UTM solution to deliver combined gateway, endpoint and cloud web protection
-
Saudi government websites targeted



































