Fuel subsidy cuts emphasizes authorities’ commitment, but will add to inflation challenge: HSBC
Inflation is forecast to reach 33% in July
Mohamed Samir
577 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
Egypt ranks 105 in Global Innovation Index 2017, Switzerland in top spot
UAE secures the top rank in the North Africa and West Asia region
Nasr, Indian ambassador discuss increasing India’s investments in Egypt
Egypt can benefit from Indian expertise to build the capacity of government cadres
Egypt, UNDP to establish new investment fund for development
The fund will be jointly financed by Misr Company for Entrepreneurship and the UNDP
Egypt joins 1st international convention on tax evasion: deputy finance minister
Delegation from the OECD will visit Egypt after the Eid Al-Fitr
Ministry of Industry and Trade to offer new industrial parks in upper Egypt July 4th
Each industrial complex will include 200 small factories
Egypt food security in wake of climate change and water scarcity
Egypt has relied on the Nile, the world’s longest river, as the main source of fresh water, since the time of the Pharaohs. For thousands of years, annual floods dumped rich silt on the river’s banks, allowing the country to serve as a Mediterranean bread basket. However, with the completion of the Aswan High Dam …
FDI rises to highest level since January 25 Revolution
Inflation eases to 29.7% in May, expected to remain high until Q4 2017
Egypt maintains stable economic outlook: FocusEconomics
GDP expected to expand 3.1% in FY 2017 and 3.9% in FY 2018, according to the report
Egypt’s energy future between reality and fantasies
Egypt is the second largest producer of natural gas in Africa after Algeria, yet Egypt’s power generation infrastructure is dependent on natural gas. More than 75% of the electricity generated in Egypt comes from natural gas plants. Egypt currently produces about 3.9bn cubic feet of gas per day and imports another 1-1.1bn cubic feet per …
Improvement witnessed in banking sector deposits growth: Beltone Financial
Commercial banks’ foreign liabilities decreased to $430m in April from $10.7bn in November
Gas market law will serve economic development plan: Petroleum Minister
Norwegian oil investors are interested in available investment opportunities
Minister of Industry and Trade holds bilateral talks with his Belarusian counterpart
Increasing bilateral trade between the two countries is essential, says Tarek Kabil
Bylaw amendments in companies law are issued to encourage investments: Nasr
The new bylaw amendments aim to improve Egypt’s rank in international reports
Providing support for startups is one of ministry’s main goals: Sahar Nasr
Government approved a draft law regulating the use of private cars for Uber and Careem
Nasa Space Apps Cairo can transform country into tech hub
After several years marked by turbulence and uncertainty, Egypt’s economy suffers numerous challenges, from political unrest and declining tourism to foreign currency and fuel shortages, which led the government to adopt a reform programme to improve Egypt’s public finances. Innovation and economic progress go hand in hand; supporting SMEs and tech startups is a step …
Standard and Poor’s affirms Egypt’s B/B-rating, outlook remains stable
Egypt’s GDP growth forecast at 4% from 2017-2020
Egypt’s economic reforms on right track, but still plenty of room for improvement: Robert Tashima
Providing an inclusive basis for growth and improving the lives of the average Egyptian is more important than GDP growth
4,000-year-old funeral garden unveiled west of Luxor
This discovery is the first of its type in Thebes
Reveal announces plan to increase its schoolbag market share to 17%
The factory will manufacture 1.18m bags in 2018, according to the company’s CEO
Renaissance Capital plans to open Cairo office
The office is set to open once we receive the regulatory approval, says the CEO
Fund for economic empowerment of women to be established: Nasr
The minister reached an agreement with the World Bank and the G20-Africa Partnership during a summit in Berlin
Authorities should form committee to abolish bureaucracy: Naguib Sawiris
Flotation was the right decision; if it came earlier we would have suffered less
Government and private sector to turn Egypt into sport tourism destination: Abdel-Aziz
In the wake of the decline in tourism, the Egyptian Ministry of Sports and several sports federations have begun to boost tourism by organising international championships in Egypt, especially in touristic areas such as El-Gouna, in cooperation with the Ministry of Tourism. This year is full of prestigious sporting events. On 1 July, Egypt will …
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
El Gouna International Squash Open hopes to restore tourism
Organisers aim to improve Egypt’s image abroad through the tournament
Only 3 million Africans can get jobs annually
11% to 26% of Africans are unemployed, the highest rate in the world, says Mokaddem
Region cannot restore stability without US assistance: Al-Sisi
Aya Hegazy is a judiciary matter, as a president I don’t have the authority to intervene, says Al-Sisi
World Bank officials to visit Egypt to discuss new development projects
Nasr discussed increasing the cooperation between the two sides with vice president of the World Bank
Nasr discusses injecting new investments in Egypt with OPIC
Egypt to provide guarantees to US companies