Egypt wants investments not handouts: PM

May 22, 2014 1:28 am

Egyptian interim prime minister, Ibrahim Mahlab has said the country seeks investments rather than cash handouts in its effort to improve the faltering economy, Arab News has reported. “We are trying to get out of the bottleneck through various projects that can lead the country to prosperity. We are going for a kind of economic and social reforms; this is what we are looking for,” Mahlab told journalists.