Egypt says stimulus package almost ready as it seeks to reassure investors


  • World
  • Wednesday, 29 Jan 2014

CAIRO (Reuters) - Egypt will announce details of its second stimulus package since Islamist President Mohamed Mursi was ousted in July within days, its finance minister said on Tuesday, aiming to boost tepid growth and reassure investors.

Egypt's economy has continued to suffer from investment outflows and a drop in tourism during political turmoil since autocrat President Hosni Mubarak was toppled in an uprising in 2011. The economy grew by just 1.04 percent in the three months through last September from a year earlier, according to latest central bank data.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Pressure grows on British Prime Minister Starmer over Mandelson fallout
Magniitude 5.5 earthquake strikes Cuba, EMSC says
Ukraine urges acceleration of peace talks, says only Trump can broker deal
Japan's Takaichi set for major lower house victory
Portugal votes in presidential runoff with Socialist poised for victory
Distrust, desertions, and dwindling bonuses undermine Socialist Party’s grip on Venezuela
Gunmen kill three people and abduct Catholic priest in northern Nigeria
Four Indian students injured in knife attack in Russia, embassy says
Meloni condemns 'enemies of Italy' after clashes in Olympics host city Milan
New Zealand to hear Christchurch mosque shooter's appeal against sentence

Others Also Read