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The research by the World Bank said that trust and internet access are significant to savings behaviour, whereas physical access and distribution of banks do not have an effect on one’s probability of participating in bank savings and/or informal savings
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 …
Africa economies are showing “remarkable resilience” despite economic headwinds, and are expected to continue growing in “challenging circumstances” this year, according to the African Economic Outlook.
Differences over fiscal policy and reforms dominate the agenda of a G7 finance ministers meeting, with a “go-your-own-way” response to weak global growth being the likely result of the two-day gathering in Japan.
The European Commission has revised downward its expectations for economic expansion in the 19-member eurozone. Its spring outlook revealed particular concerns about developments in Spain and France.
The report predicted a global economic growth of 3.3% during 2016. However, in January this fell by 0.2%
A combination of rising interest rates in the US and weakening expansion in China is contributing to uncertainty and a greater risk of economic volatility across the world, says IMF Managing Director Christine Lagarde.
FY 2016/2017 draft budget will be the first discussed by parliament in five years
Economic hurdles such as poverty and shortage of skilled workers will slow sector’s growth
Government is seeking loans, private sector investments, and to increase tax base to address budget gap
Tourists’ arrival increases demand for new developments
Real GDP growth reached 4.7% in first three quarters of FY 2014/2015, increasing from 1.6% during same period of previous year
Company records 8% growth in net profit during FY 2014/2015
Growth in emerging markets and developing countries will reach 4.2% in 2015, down from 4.6% in 2014, expects IMF
State budget will provide EGP 25.5bn in funds for public investments
The World Bank expects increase of economic growth in Egypt to reach 4.5% by 2017
Executive regulation of Civil Service Law will be issued on 1 July
Nomou, funded by the UK government, Shell Foundation and GroFin, provides technical and business support to entrepreneurs
Agency raised Egypt’s economic outlook from stable to positive, affirming long- and short-term foreign and local currency sovereign credit ratings at ‘B-/B’
For the second year in a row, Egypt’s Creative Industry Summit successfully brought together the country’s most promising creative minds under one roof, the Greater Cairo Library, in an attempt to take local talents to the next level.
Rise in sales of company’s projects in western and eastern Cairo as well as North Coast main derivatives to this anticipation, company says
Egypt needs economic growth for the many not the few, Moran says
A “doomsday scenario” is possible but not inevitable with long term thinking from the government and families
Target for foreign investments for FY 2014/2015 is $8bn, says investment minister
Government targets 4.5%-5% economic growth in proposed FY 2015/2016 budget
Summit is foundation for economic growth, the president says
Council to launch non-traditional economic ideas to reduce deficit, poverty and meet growing demand in energy, health, education, says presidential spokesperson
Real estate workers are hoping the sector will recover and return to the growth rates visible prior to the 25 January Revolution. It is hoped the recovery will stem from the government’s Suez Canal Project and its plan to offer several other mega projects, on the North Coast, Upper Egypt, and in the Golden Triangle …
The government can provide bigger market for small businesses by introducing law allowing a percentage of big company contracts to go to small companies