Gamal Bayoumi: Egypt Faces Political Crisis Not Economic One

The Chairman of the Arab Investors Union, Ambassador Gamal Bayoumi, said that what is being disseminated about controlling the Egyptian economy by Qatar is void, indicating that what Egypt facing nowadays is a political crisis rather than an economic one.

In his statements to “Amwal Al Ghad”, Bayoumi said what the media is spreading about Qatar’s relation with Egypt is completely false; elaborating that Qatar’s revenue is lesser three times than Egypt’s GDP, but we have to thank it because it is like any other Arab country that gives aids to Egypt at this period.

Bayoumi has mentioned that there are many investments that exit the Egyptian market; pointing out to the necessity of preparing a good climate to save these investments in addition to attracting many other investments.