26/02/2003
Al-Akhbar Newspaper 2003/FEBRUARY /26
Dr. Gamal Bayoumi calls for strengthening industry in the Arab world so that it could boost and diversify its exports. Dr. Nader Riad, for his part, suggests ways to encourage exporters so that they may bring more foreign currency to Egypt.(Available in Arabic – German in PDF )
Dr. Gamal Bayoumi calls for strengthening the Egyptian industry and, consequently, boosting its exports. He also stresses the need – not only for Egypt, but indeed for all Arab countries – to diversify these exports away from oil. Dr. Nader Riad thinks exporters should be encouraged by getting more incentives. This would help them send more products abroad, thus bringing more foreign currency to Egypt. Another way to attract more foreign currency is to raise interest rates of dollar deposits, according to Dr. Riad.