Great article at http://ow.ly/8F4RA, with some extracted points below:

• The simple answer to what brought Egypt’s economy to its knees: a mismanaged and slow transition.
  
• The long-winded version: Unwillingness on the part of the ruling powers to meet peoples’ demands in a manner that does not disrupt national economic affairs for prolonged periods of time. Coupled with haphazard decisions, unclear policies and a series of crisis management failures on the political and economic fronts, while creating a state of fear and chaos, this has caused uncertainty among investors and set off a domino effect of negative economic repercussions, all made worse by an extended and murky transition to civilian rule.
• It’s convenient to blame the mass protests for that, but logistically speaking, it was the measures taken by Mubarak’s regime that made it impossible for many sectors to function.
  
• The telecom cut, internet blackout and stifling curfews meant to put pro-democracy activists in the dark disrupted the regular work flow by handicapping communication, shortening operational hours and hampering the transportation of goods.
  
  
• The overall economy, beyond the volatile realm of speculation on listed stocks and the value of the currency, was more or less crippled by the government itself.
• government’s closure of banks and the stock market proved detrimental to capital flow.
• showed how the government’s confused hesitation and indecisiveness can cause unnecessary panic and uncertainty
• owever, they promptly closed days later after protests by workers in the public sector banks. Why all banks, public and private, around the country had to shut down for a whole week remains a mystery, but the move prompted more wariness about access to liquidity. Local businesses had trouble paying employees’ salaries.
• For almost two months the stock market remained closed despite frantic resounding calls by local and foreign investors, analysts and asset managers to open for trading and deal with the inevitable nosedive. What’s worse was the lack of clarity about the reasons behind the decision.
• “The greatest obstacle for investors at the start of 2011 was the restriction of capital flow, initially because of the closure of the banks, but chiefly in the unjustifiably long period during which the stock market was closed,” Roelof Horne, Africa fund manager at UK-based Investec Asset Management, told Daily News Egypt.
• “As long term investors…we took a view from the start that a peaceful uprising in Egypt calling for democracy and accountability was a reason to be more excited about the country, not to capitulate,” he said.
• The night Mubarak stepped down, Beltone Financial’s Angus Blair told DNE, “The army [council] has to realize that there has to be good microeconomic governance of Egypt.”
• Throughout the year, much of the reserves went to propping up the pound instead of letting it gradually devalue to its real rate.
• “Foreign reserves have dropped because they’ve burned through the reserves to prop up the currency. But if they stop doing that, then the value of the Egyptian pound nosedives and basic food prices will rise, that’s very sensitive politically,” Sabra said.
• Beltone Financial reported in the last quarter of 2011 that foreign investors began dumping Egyptian debt as a result of increasing concern over the country’s widening deficit, also citing a messy political transition.
• Selim, however, said that compared to costs incurred by Eastern European economies during their political transformation, “the pressure on the exchange rate and the depletion of reserves, as well as pressure on external and public finances — such costs in the short-term were not too drastic.”
• The result? Stagnant and murky economic policies that left investors, both local and foreign, scratching their heads.
• “The current interim government seems confined by its ‘care-taker’ status. Foreign tourists still don’t know if the country is safe. Investors fear reprisal actions against companies that could lead to shareholder losses.”
• This counters the propagated idea that protests are bad for the economy and slow down the mythical “wheel of production.”
• “It’s convenient for the military, using powerful tools such as state media, to portray protests as slowing down the economy…even if there is no real connection between the two,” said Eurasia Group’s Sabra.
• Expectedly, tourism numbers dropped drastically in early 2011, looked like they may recover by mid-year, but then faltered again after violent crackdowns on protests in October (Maspero), November (Mohamed Mahmoud) and December (Cabinet).
• While Cairo tourists are scarce, the Red Sea resorts performed better throughout the year.
• All the while, investors, both domestic and foreign, have repeatedly said that all they were looking for in 2011 was a clear timetable for the transition to an elected civilian power — they are still waiting.
  
• Similarly, Sabra said that the “biggest obstacle [to foreign investors] is lack of clarity about politics — investors by and large prize predictability above everything.”
• “It’s not for nothing that you’re now seeing the IMF engage more, because the military now has cover — there’s a parliament and transitional government so they can start to withdraw to the power behind the scenes and have the people up front taking those decisions,” he added.
• But lack of transparency around this issue is only fueling concerns.
• If confidence in the state to provide the most basic and most socially sensitive goods falters, analysts believe Egypt will see unrest of a different kind this coming year.
• The fundamentals of Egypt as an investment destination remain unchanged: a massive consumer market of mostly youth, skilled labor with a lot of unrealized potential, a strategic geographic location — as well as control of the vital trade route through the Suez Canal — and ample touristic treasures.

So, just read this morning: Last week, however, a committee formed of the central bank's governor, as well as ministers of finance, planning, industry and supply, indicated that foreign borrowing has become a necessity for the Egyptian economy to cover the deficits in budget and the balance of payment, along with the drop in international reserves. The borrowed amount will range from $10 billion to $12 billion, the committee indicated.    http://english.ahram.org.eg/News/30881.aspx

And earlier in November that "Deputy Prime Minister Hazem El Beblawi had said in a Nov. 18 interview that Egypt may ask the IMF for the $3 billion loan it rejected earlier this year as domestic borrowing costs soar."The below is FROM LAST MAY! (and just to keep track we have received $0.5B from Qatar and Saudi, each, and nothing else despite the over $20B "offered"  http://www.ft.com/cms/s/0/283fbe50-9e68-11e0-8e61-00144feabdc0.html?ftcamp=rss#axzz1QMlDUVxd 

Around October "Egypt is in talks with Saudi Arabia and the United Arab Emirates for $5 billion in loans to finance the budget deficit"  http://www.businessweek.com/news/2011-11-30/egypt-may-seek-3-billion-loan-from-imf-as-debt-costs-soar.html 

Below is from last May... (just to keep track, of which Saudi and Qatar have each given us $0.5B from the over $20B offered to us globally)... Still perplexed as to why we rejected IMF loan, it does seem to good to be true but apparently we gave up on taking advantage of that!

Problem: $10-12 billion balance of payments gap for the fiscal year that begins on 1 July, economists say.

1.IMF: ~$3B

The International Monetary Fund agreed Sunday to lend Egypt $3 billion with few stated conditions to help the country mend its ailing economy.

Egypt's finance minister, Samir Radwan, and the deputy director of the IMF's Middle East and Central Asia Department, Ratna Sahay, at a news conference announced a 1.5% interest rate on the one-year loan, which is to be paid in full within five years.

 The loan's terms mark a departure from the more forceful conditions the IMF usually imposes in the form of austerity measures, such as increased taxes and lower subsidies.

 Ms. Sahay and Mr. Radwan said the terms of the loan were part of a "home-grown" financial plan designed for the most part by Egypt's transitional government and aimed at improving living conditions for Egypt's poor.

Imposing rigorous reform conditions would be inappropriate, they said, given that Egypt's unelected transitional government lacks a firm mandate for economic change.

"Of course the IMF in Egypt is usually linked to conditionality—this is the history of the IMF," Mr. Radwan said. "This [loan] does not require any kind of conditionality as it did in the past."
Despite the IMF's praise for the budget proposal, both Ms. Sahay and Mr. Radwan said they had reservations, particularly concerning the budget's 26% spending increase on subsidies for "essential commodities." But the goals of the loan focus on ensuring social stability in the short term, Ms. Sahay said.

"As we can see with Egypt, one of the biggest drivers of the government is social justice," Ms. Sahay said. "If that is the priority of the government and the Egyptian people, we respect that priority."

2.Qatar: $10B+ (in addition to treasury purchases)

a."I believe these projects, when implemented, will surpass $10 billion, and they will be productive products in Egypt," al-Ahram quoted Ambassdor Saleh Al-Buainein as saying.

b.Samir Radwan had earlier mentioned that Qatar's government was prepared to finance a port in the western outskirts of Alexandria at Malahat, which it said would be the world's largest, al-Ahram said.

3.Saudi: $4 billion that includes a $1 billion deposit at the Central Bank of Egypt and $500 million in bond purchases

4.USA: $2B that includes up to $1B in debt and guarantee another $1B in borrowing to finance infrastructure and job creation.

5.World Bank: $6B over 2 years ($1.2B in already existing support)

a.The support includes $1 billion for Egypt’s budget this year linked to governance and openness reforms with a further $1 billion available next year dependant on progress. The balance would be made up of investment lending for specific projects, financing for private businesses and political risk and guarantees. The Bank is already working on a $200 million support program for labor intensive public infrastructure and is disbursing another $1 billion over the next 24 months from existing loans.

6.EBRD: 2.5B Euros for the region



Some details:

http://www.ahram.org.eg/542/2011/05/23/3/79775/219.aspx
لماذا كانت الاستثمارات القطرية في مصر قبل ذلك ضعيفة؟
الاستثمارات القطرية في مصر لم تكن ضعيفة فقد جاوزت500 مليون دولار في الفترة السابقة, والأمر الآخر أنه مع احترامي للإجراءات المتبعة في مصر.. كان يوجد بطء في تعاملها مع الدول فقد كانت مصر تشجع الاستثمار بطريقة كلاسيكية بينما تحتاج المشاريع ورجال الأعمال الي جو عام واضح وتنفيذ سريع وشفافية في الطرح بين الجانبين, وهذه الفوائد تستفيد منها الأطراف كلها علي المستوي الثنائي أو علي مستوي العالم كله.. ولذلك نتمني علي مصر في المرحلة المقبلة أن تركز علي قوانين الاستثمار وتسهيل عملية الاستثمار وتخصيص الاستثمار المطلوب وتحديده لنعرف ماذا تريد مصر من العالم؟ وما هي أولويات المشاريع التي تحتاج إليها؟ أعتقد أن هناك رغبة كبيرة في الاستثمار من جانب قطر ودول عربية كثيرة

http://www.ahram.org.eg/542/2011/05/24/25/79685/219.aspx
وكان وزير المالية الدكتور سمير رضوان قد كشف عن استعداد الحكومة القطرية لتمويل إنشاء أكبر ميناء في العالم بمنطقة الملاحات بالإسكندرية.

http://www.arabia.msn.com/Business/Economy/AF/2011/April/4460568.aspx
The North African nation attracted $2.3 billion in direct foreign investment in the first half of the current fiscal year, he said. Egypt used to receive between $7 billion and $8 billion annually before the revolution that toppled President Hosni Mubarak in February.

http://www.ebrd.com/russian/pages/news/press/2011/110521b.shtml
The EBRD is already considering a request by Egypt to become a country of operations and Morocco, another EBRD shareholder, has more recently expressed a similar interest in becoming a recipient of investments by the Bank.

Further political decisions will be taken in the weeks and months ahead. EBRD President Thomas Mirow has indicated that the Bank would have the capacity, eventually, to invest as much as €2.5 billion a year in that region.