Latest in Highlight
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South African economy shrinks, slips into recession
Borrowing rate will not slow down as debt is set to increase
The finance ministry sold new bonds on international markets worth $3bn
Japan in longest economic expansion in a decade
Egypt’s business climate improving, challenges remain: Capital Economics
New Investment Law is a positive step towards improving the dire business environment, according to the research
Eurozone economy grows at unspectacular rate
Greek economy slides back into recession
Egypt’s economy seems to be gradually picking itself up: Focus Economics
Purchasing Managers’ Index rose in April to its highest levels in 9 months
Government targets 4.6% economic growth in coming fiscal year
Total investments worth EGP 646bn, and the private sector share is 55%
The heritage of economic citizenship: a‘refuge’ for advancement
A lot of unnecessary energy has already been expended on Egyptian television arguing over the planned reforms ofresidency and naturalisation procedures, with accusations of treason flying both ways. The idea is that you get a five-year long residency if you stash a lot money in the bank that the government will then spend and invest …
Economic challenges a result of previous governments fears: Al-Sisi
The country’s sustainable development projects will be finished by 30 June 2018, the president claimed
Flotation will allow Egypt to be competitive tourist destination once again: Samih Sawiris
Tourism promotion campaigns will make a difference if done with the participation of sector’s experts
Financial conditions deficient as economic activity slows down in Q3 of FY 2016/2017: Pharos
Pharos Holding’s FCI has revealed that the GDP decline was expected, given the decline in sales volume in several economic sectors
GDP growth to slow, reach 3.9% in FY 2017/18: World Bank
Growth expected to accelerate to 4.6% in FY 2017/2018 and 5.3% in FY 2018/2019
Al-Sisi announces 2017 as “Year of Egyptian women”
The president emphasised women’s central role for the future of Egypt
Greeks still hostile to reforms despite economic depression
Egypt’s foreign exchange reserves to reach $28.5bn by March: CBE
Egypt expects the second tranche of a $12bn IMF loan by May
Economic agenda dominates Al-Sisi’s first day in Washington
Egyptian ministers praise the meetings as successful
Indian-Egyptian economic relations seminar highlights cooperation between both countries
The “India-Egypt Economic Engagement” seminar, in the presence of the Indian ambassador, discussed the current and potential investments and trade relations between both countries
The best thing to do is to save your money at a fixed rate by investing in real estate: El-Shinnawy
We are committed to deliver high-end projects and a quality of that serves all family members: El-Shinnawy
The Egyptian real estate market: a future between skyrocketing prices and fear of recession
Daily News Egypt has obtained data from Aqarmap, the real estate search engine, regarding land prices in Greater Cairo
Egypt’s IMF programme to support fiscal, external positions: Moody’s
While Egypt’s IMF programme will support gradual improvements to the country’s fiscal and external position, its social and economic costs risk slowing the pace of fiscal reform, Moody’s Investors Service said in a report on Wednesday. “The implementation of the targets of the IMF programme—including reductions in fiscal deficits and government debt levels, as well …
Robust economy likely to nudge US Fed to hike rates
FX is not only indicator for assessing economy: Arqam Capital
Most of the foreign exchange (FX) flows to banks are being directed to alleviating longstanding pressure on the corporate and household sectors to spur economic activity and reduce inflationary pressures, while meeting the demands of foreign companies and investors for repatriation. According to Arqam Capital’s report “The Devil in the FX” published in February, the …
EBRD allocates 1.5bn euros for SME projects in Egypt
The bank targets to develop the environment for small companies to invest and improve
Egyptian economy to improve in 2017’s initial months: FocusEconomics
Investment expected to grow by 4.5% in FY 2016/2017 and 5.3% in FY 2017/2018, says report
The government’s economy and the people’s economy
It is now clear, as time goes by, that we are talking to, criticising, and offering solutions to an unworthy government that unfortunately treats us the way an Egyptian employee deals with Egyptians. Of course, I do not have to explain to you how Egyptian employees function in Egypt. This shows how the government is …
Germany pledges $500m to support Egyptian economy
The support will come in the form of grants and concessional funds: Reuters
Ministry of Trade and Industry approves 226 new industrial projects with EGP 8bn investments
Positive indicators reflect ministry’s strategy to promote development until 2020: Kabil
Egypt will surpass Canada’s and Italy’s economies by 2050: PwC
A report by the economics and policy team of PricewaterhouseCoopers (PwC), one of the world’s largest multi-national professional services firms, predicted that Egypt’s economy will surpass Canada’s by 2050. “By 2050, emerging economies such as Indonesia, Brazil, and Mexico are likely to be larger than the UK and France, while Pakistan and Egypt could overtake …
Political complexities
The local and international relations between different political forces are always controlled by power centres. States are no longer the only international political entities; today, large corporations and international non-governmental organisations—usually backed by powerful countries—also have international influence because of their huge financial capabilities, some of which easily exceed numerous countries’ budgets and GDPs. This …