Financial and Banking News

BUDGETS AND REVENUES

Egyptian 'Open-Door' Projects Fail to Deliver 

Investment projects undertaken in Egypt after 1976 under the terms of its 'Open-Door' policy have failed to live up to expectations and have had a negative impact on the country's balance of payments, according a report prepared by the Finance and Economics Committee of the Majlis al-Shura (upper house) and published on 16 June. The report was commissioned last November...