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.

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Latest by Mohamed Samir


Was the government ready for the flotation’s consequences?

Squeezed by economic and political turmoil following the 25 January Revolution that toppled former president Hosni Mubarak, Egyptians are now facing a new era of hardship and austerity. The government’s adopted economic reform programme, backed by the International Monetary Fund (IMF), included the flotation of the Egyptian pound, subsidy cuts, high interest rates, and the …

Mohamed Samir

Al-Sisi asks citizens to endure 6 months of hardship

On Wednesday during the opening of the National Project for Fish Farming in the Suez Canal area in Ismailia, President Abdel Fattah Al-Sisi called on Egyptians to endure the economic hardships resulting from governmental reforms for the next six months. During his speech, he reasserted the state’s commitment to its economic reforms, and promised citizens …

Mohamed Samir

The dilemma of Egypt’s public wages from Abdel Nasser to Al-Sisi

  Reforming the public sector and reducing its wages are some of the key elements of the economic reform programme adopted by the Egyptian government, and blessed by the International Monetary Fund (IMF). Yet, according to a study by the Egyptian Center for Economic and Social Rights titled “Changes in the Public Sector Wage Policies …

Mohamed Samir

Could the visit of Libya’s National Oil Corporation chairperson to Cairo solve Egypt’s oil imports challenge?

  On Wednesday, the chairperson of Libya’s National Oil Corporation (NOC) visited Cairo to meet with Minister of Petroleum Tarek El Molla to discuss mutual cooperation opportunities between the two countries in the oil and gas sector. The visit comes after the announcement of new gains in Libya’s oil production this week. Despite Egypt’s abundance …

Mohamed Samir

New customs, tax laws to resolve issues within automotive sector

The industry development sovereign fund gives incentives to the local product before sale and export in order to see a return on the taxes they paid, said Egyptian Tax Authority head Abdel Moneim Matar. The Tax Authority used to collect 30% of the value of a used car, but in the automotive industry strategy it …

Mohamed Samir

Ministers, business community review means to stimulate local automotive industry in opening session of Egypt Automotive Summit

The executive director of the third round of the Egypt Automotive Summit, Mohamed Aboul-Fotouh, announced several topics which participants will be discussing. Topics on the agenda at the summit include facilitating the export of spare parts, competition with foreign companies, local feeding industry experiments, and the role of banks in financing feeder industry experiments. “We …

Mohamed Samir

IMF-backed reform programme is Egypt’s best shot but poses high potential risk: FocusEconomics

November was a month of interesting developments for Egypt, from the Central Bank of Egypt’s (CBE) decision to float the national currency, to the International Monetary Fund’s (IMF) approval of the $12bn loan, a correction of external balances, and an expected soaring fiscal deficit. According to FocusEconomics Consensus Forecast for the Middle East and North …

Mohamed Samir

ARCO to launch next phase of Citystars Al Sahel at cost of EGP 4bn

Al Arabia Real Estate (ARCO) will soon be launching a new phase in its Citystars Al Sahel project in the Fouka area of Ras El Hekma, with an estimated cost of EGP 4bn, according to the executive manager Ayman Ibrahim. The new phase will be announced in December, and will be sponsored by an international …

Mohamed Samir