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Ehab Farouk

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Sep 10 2018

Egypt cancels second consecutive T-bond sale due to high yields

CAIRO, Sept 10 Egypt cancelled its second consecutive treasury bonds auction on Monday after banks and investors demanded high yields on the debt, statements by the central bank showed.

Jul 02 2018

Egypt's first smartphone maker sees market share rising by 2020

CAIRO Egypt's first smartphone maker is looking to capture 17 percent of the country's market by 2020, up from 2.7 percent, its chairman said, as the company aims to tap a sprawling low-income market that has long been priced out of using high-tech phones.

Jan 21 2018

Egypt targets 8-10 flotations of state firms over 18 months: finance minister

CAIRO Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.

Jan 13 2018

Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent

CAIRO Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent from 4.8 percent previously, the planning minister said on Saturday.

Nov 15 2017

Hilton Worldwide plans Egypt expansion, sees pick-up in tourism

PORT SAID Hilton Worldwide aims to increase the number of hotel rooms it manages in Egypt by 40 percent by the end of 2022, the company's vice president for the North Africa region said.

Sep 19 2017

Egypt expects IMF review by end-October: finance minister

CAIRO Egypt expects the next review of its International Monetary Fund loan program by end-October, ahead of a $2 billion disbursement set for December, Finance Minister Amr El-Garhy said on Tuesday.

Sep 05 2017

Egypt's tourism revenues rise 170 percent in first seven months of 2017: official

CAIRO Egypt's tourism revenues jumped by 170 percent in the first seven months of 2017, reaching $3.5 billion, a government official told Reuters, in welcome news for an economy heavily reliant on the sector for foreign currency and jobs.

Aug 09 2017

Hilton Worldwide plans to expand in Egypt: official

CAIRO Hilton Worldwide plans to nearly double the number of its hotels in Egypt within seven to 10 years as tourism returns to levels seen before a 2011 uprising, the company's deputy head for Egypt and North Africa said.

Aug 08 2017

Egypt's Naeem Holding to merge Reacap business with Wadi Degla- CEO

CAIRO, Aug 8 Naeem Holding for Investments SAE will merge its Reacap Financial Investments SAE with real estate group Wadi Degla Developments, creating a company with a book value of 3.5 billion Egyptian pounds ($197.18 million), Naeem Holding CEO Youssef Al Far said on Tuesday.

Aug 01 2017

Egypt's soaring inflation hits food and drinks companies' profits

CAIRO, Aug 1 Egypt's rising interest rates and soaring inflation have hit second-quarter profits at some of the country's food and drinks companies, providing evidence that consumers' purchasing power is being squeezed.

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