Political and social risks to curb reforms, fiscal consolidation in Levant and North Africa: Moody’s
Weak global growth to curb benefits of reforms in Morocco, Egypt, Tunisia, and Jordan
Mohamed Samir
594 Articles
Mohamed Samir is an economic and political journalist, and analyst specialising in the Middle East. Over the past decade, he covered Egypt’s and the MENA region’s financial, business, and geopolitical updates. He is currently the Deputy Executive Editor of the Daily News Egypt.
Latest by Mohamed Samir
Hala El-Said: Frontierswoman of Egypt Vision 2030
The frontline politician is now responsible for planning, economic development portfolios, along with being chairperson of Egypt’s SWF
US-China phase-one trade deal reached, increasing Chinese exports from US
American farmers to be main beneficiaries, phase-two will be after the 2020 US presidential election
Libya’s diplomatic mission in Egypt disowns Al-Sarraj
The mission decides to serve as representatives for Libyan House of Representatives and LAAF
Egypt sets five requirements for citizenship by investment
Moreover, the cabinet approved the establishment of a special unit to look into citizenship by investment applications.
Egypt, 48 African counties adopt Abidjan Declaration to improve continent’s working conditions
ILO report indicates that one child out of five are working in Africa
Three state-owned companies are ready for EGX stake offering
Egypt will offer 22% to 25% of the shares in HHD in 1Q 2020, says Hesham Tawfik
AUC will be the main partner and host of RiseUp Summit
For the first time, The American University in Cairo (AUC) will be the main partner and host of RiseUp Summit, the one-stop-shop event connecting startups in the Middle East and Africa. In its seventh edition, RiseUp will host the region’s top entrepreneurs, startups, investors, and creative masterminds in a three-day entrepreneurial marathon at AUC New …
Egyptian tycoon Abou El Enein plans to invest EGP 3.5bn over next three years
He added that increasing the private sector’s involvement in the Egyptian economy is very important, explaining that this can be stimulated through providing investment incentives.
Egypt’s economic reforms “a means to an end”, targeting poverty eradication: EGX chairperson
Banking sector represent 89.8% of total financial system assets, says CIB-Egypt chairperson
Egypt should complete its economic reform despite difficulties: CMA ex-head
During his speech at the conference, he added that there are some mistakes that Egypt has to avoid such as terminating the economic reforms, stating that Egypt has begun its economic reforms in the 70s and stopped after the 1977 bread riots.
Egypt’s exports to hike 20% by year-end: Trade Minister
About 36% of Egypt’s imports are production inputs, says Nassar
MedaWeek Barcelona 2019 opens up to the investment opportunities of the African continent
MedaWeek Barcelona 2019 will host a new edition of the New Africa Business Development Forum
World’s most profitable firm gets go-ahead for $1.5trn IPO
Aramco will release its IPO prospectus on 9 November
EMG pipeline deal nears completion, paving way for Israeli gas export to Egypt
Delek Drilling and Noble Energy, Dolphinus JV to acquire 39% stake in the pipeline
Macro stabilisation has succeeded, mildly more flexible USD against EGP: BoAML
CBE likely to cut policy rates further in 4Q19
Aiming to eliminate space constraints, Japanese airline unveils robot avatars
Company hopes it will replace flying, allow elderly and those with disabilities to fully participate in society
Egypt imposes 25% tariff on steel rebar, 16% on iron billets for three years
Since the beginning of this year, Egypt’s iron industry has been subjected to a legal battle started by integrated steel plants and hot rolled steel manufacturers after the Ministry of Trade and Industry issued a resolution in April, imposing a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days ending in October.
Time for rich countries to pay their climate debts
The problem is that climate change economic impact took its toll on poorer countries. Oxfam, a globally renowned aid and development charity, estimates that between 1998 and 2017, low-income countries reported climate-related disaster losses of $21bn, or an average of 1.8% of GDP.
Al Baraka Bank, ADIB, and EG Bank most negatively affected by New Banking Act: Prime Holding
Banking act may spur a wave of consolidation amongst smaller or undercapitalised banks
Israeli gas exports to Egypt to increase to 85.3 bcm over 15 years
Exports from Leviathan to start 1 January 2020, from Tamar to start on 30 June 2020
Moody’s sees Egypt’s rate cut, easing inflation as credit positive for banks
Credit rating agency expects Egypt’s GDP to grow 5.6% in 2019, additional rate cuts next year
Carbon pricing is essential to reducing greenhouse gases: World Bank
Competitiveness concerns should not preclude carbon pricing or emission targets to Paris Agreement levels, namely $40–$80/tCO2e by 2020 and $50–$100/tCO2e by 2030
EGX starts to reverse losses, climbing 2.5% following 8-day drop
CIB hikes by 5% and Eastern Company by 4.7%
New York returns looted priest’s golden coffin to Egypt
The Gold Coffin of Nedjemankh was stolen from the Minya region of Egypt in the aftermath of the Egyptian Revolution in October 2011.
EGX30 plunges by 3.16% in morning trading
On Sunday, EGX indexes bled heavily amid intense selling by Egyptians leading to market losses of EGP 31.5bn
Lenovo targets 40% market share in gaming laptops, 35% across all PCs in Egypt: Rony Mezeraani
Lenovo unveils Legion Y540, L-340 gaming laptops
1% improvement in resource, energy efficiency could save $275bn for Asia-Pacific: UNESCAP chief
Nothing less than a full transformation into a low-carbon economy to avert the impacts of climate change, says Ovais Sarmad
Africa’s inequality rises, as continent’s 3 richest men have more wealth than poorest 650m: Oxfam
Swaziland is Africa’s most unequal country, followed by Nigeria, South Africa, Namibia
Kristalina Georgieva visits Cairo in first stop in IMF candidacy foreign tour
President Al-Sisi affirmed his interest in boosting cooperation with international institution to support development in Egypt, Africa