13/02/2013
Al-Ahram Newspaper 2013/FEBRUARY /13
Investors agree that the economic status in Egypt is at risk and they proved that the national economy passed its crisis by achieving calmness in political status, security settlement and manifestations and class tumults. Dr. Nader Riad warned against Egyptian Product competition decline, not only in the international markets, but also in the local market, because of industrial cost breakaway sequenced of the outcomes and results of economical status decline. (Available in Arabic – German in PDF)
Nassef Sawiris, the well-known businessman offered a group of proposals to get out of the crisis, including that the government agencies should stop internal loan from banks, the government should take necessary measures to issue international private securities immediately after signing and contracting with International Monetary Fund. From his side, Dr. Nader Riad assured the importance of taking over steps and procedures support banks of Industrial sector by banks, the creation of funding prices of product necessities, besides accelerating the activation of touristic movement, because it is the fastest way out of the current crisis, Safwan Thabet , one of the investors in industry, called for introducing great investment enterprises in promising emerging sectors, while eng. Mohamed El Sewedy, vice president of Federation of Egyptian Industries assured that there wouldn’t be an economic reform without a political reform, clarifying that what was occurred in relation to classification and discrimination of Egyptians after the revolution on an ideological basis, e.g. classifications of the old regime, liberal and Ikhwan (Muslim Brotherhood), the thing which affected negatively, so that this is represented in fragmentation of the efforts.