Qatar to invest $10 Billion in Egypt

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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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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00

 

 

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