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Mubarak meets economic ministers, central banker: Report

Posted by on February 5, 2011 0 Comment

Cairo, Feb 5 (DPA) Egyptian President Hosni Mubarak Saturday met with ministers holding economic portfolios and the head of the central bank at the presidential palace in Cairo, state media reported.

Newly appointed Finance Minister Samir Radwan and central bank Governor Farouq al-Oqda joined the ministers of oil, trade and social security for a meeting with the embattled president.

On Friday, officials indicated banks in the country could see a limited reopening Sunday, though there would be limits on withdrawals. The stock exchange could also reopen Monday.

The country’s credit rating and economic outlook have been downgraded by rating agencies due to the political unrest. Credit Agricole bank revised downward its growth forecast for Egypt this year from 5.3 percent to 3.7 percent.


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