Qatar to invest $10 Billion in Egypt

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As the international community attempts to sort through the financial problems created during Egypt’s political revolution earlier this year, Qatar has announced a plan to invest up to $10 billion in the new economy.  Egypt is facing a budget shortfall of between $10-12 billion for the new fiscal year starting July 1st.  The country’s economy was destabilized after the ousting of President Hosni Mubarak caused tourism and investments to slow.

The Qatari ambassador to Egypt also hinted at the possibility of Qatar purchasing a large amount of Egyptian treasury bonds.  There is also talk of Qatar investing in a new port near Alexandria.  The IMF, along with major international governments, have pledged to re-stabilize the Egyptian economy after its uprising in an effort to also create stability in neighboring Arab regions undergoing similar revolutions.

 

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Reading Time: 1 minute

As the international community attempts to sort through the financial problems created during Egypt’s political revolution earlier this year, Qatar has announced a plan to invest up to $10 billion in the new economy.  Egypt is facing a budget shortfall of between $10-12 billion for the new fiscal year starting July 1st.  The country’s economy was destabilized after the ousting of President Hosni Mubarak caused tourism and investments to slow.

Reading Time: 1 minute

As the international community attempts to sort through the financial problems created during Egypt’s political revolution earlier this year, Qatar has announced a plan to invest up to $10 billion in the new economy.  Egypt is facing a budget shortfall of between $10-12 billion for the new fiscal year starting July 1st.  The country’s economy was destabilized after the ousting of President Hosni Mubarak caused tourism and investments to slow.

The Qatari ambassador to Egypt also hinted at the possibility of Qatar purchasing a large amount of Egyptian treasury bonds.  There is also talk of Qatar investing in a new port near Alexandria.  The IMF, along with major international governments, have pledged to re-stabilize the Egyptian economy after its uprising in an effort to also create stability in neighboring Arab regions undergoing similar revolutions.

 

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