Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
From small business to billionaires, a vanguard of Egypt's entrepreneurs is now starting to bet that the economy has finally turned a corner.Sameh al-Meligy, whose interests range from importing home appliances to a stake in two Cairo restaurants, is thinking of opening another, after three years of violent unrest hurt demand. Egypt's financial markets have been predicting that outcome, with the benchmark EGX 30 Index of stocks surging 42 percent in 2014, the world's third-best performer.Foreign direct investment (FDI) reached $4.7 billion in the first nine months of the fiscal year that ended in June, Investment Minister Ashraf Salman said that month in an interview.Foreign reserves are still around half the pre-uprising levels, and power shortages have become a regular feature of life for businesses as well as households.Italcementi SpA's Egyptian unit Suez Cement said last month it was operating on 35 percent to 40 percent of its capacity after energy supplies were reduced by an additional 15 percent.
FOLLOW THIS ARTICLE