Latest in Tag: economic reform Highlight

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Latest in Tag: economic reform

How can Egyptians reap fruits of economic reform?

Egypt embarked on a bold economic reform programme that included the pound flotation, a reduction in fuel and electricity subsidies, imposing taxes including the value-added tax (VAT), all with the aim of trimming the budget deficit.

Nehal Samir

Egypt’s foreign exchange inflows hit $150bn since November 2016

Washington, DC- Foreign exchange flows received by the Central Bank of Egypt (CBE) since the flotation of the Egyptian pound since 3 November 2016 exceeded EGP 150bn, Governor of the CBE Tarek Amer said on Friday. Amer added in an exclusive statement to Daily News Egypt on the sidelines of the International Monetary Fund’s (IMF) …

Shaimaa Al-Aees

Op-ed review: Economic measures’ impact on citizens revisited five years after 30 June

President Abdel Fattah Al-Sisi reiterated the necessity of undertaking economic reform measures in a public speech commemorating the 30 June uprising, promising prosperous results and job opportunities, and saying that Egypt is on the right track in implementing its programme. Writers continued to evaluate its impact on citizens. In state-owned newspaper Al-Ahram, Farouk Goweida demanded …

Amira El-Fekki

Engineers of Egypt’s neoliberal economic reform programme

Egypt’s economy has witnessed remarkable, radical changes during the past two years since the rise of the price of the US dollar in mid-2016, which led the government to begin the economic reform programme that was long postponed due to fear of the challenges it would pose to citizens. The country’s economy was severely impacted …

Daily News Egypt

Op-ed review: Egypt’s economic reform impacts, political future pressurised

As a number of writers continue to comment on the Iranian-Israeli conflict, many focused on local affairs, especially economic ones, amid the new increase in metro ticket prices. Emad El-Din Hussein, editor-in-chief of the privately-owned Al-Shorouk newspaper, was almost the only writer to pick up the metro tickets issue. He presented both the government’s argument …

Amira El-Fekki

Economic reform decisions bring Egypt back to global investment map: BEBA

A “doorknock” delegation, organised by the British Egyptian Business Association (BEBA), revealed that there are positive indicators for Egypt’s transformation towards attracting major investments in the near future.   This was announced during BEBA’s visit to the UK from 8 to 10 November, with the participation of more than 50 companies and financial institutions. During …

Nehal Samir

Egypt lifts cooking gas prices, why it’s trivial

By Farah Halime How fitting that on April Fool’s Day, the Egyptian government attempts to deceive us all by claiming that its plans to raise the price of state-subsidised cooking gas for the first time in two decades will actually make any difference to the country’s energy subsidy spending. In fact, it won’t, and it is unlikely …

Daily News Egypt

Reactionary not progressive: Egypt’s economic policy

By Farah Halime In a desperate move to save power, Egypt’s international airport will close most of its runways for four hours each day from early June, Reuters has reported. The airport is the latest casualty of Egypt’s struggle to pay for fuel imports. As if to soften the blow, Reuters quoted the civil aviation minister Wael al-Maadawi …

Daily News Egypt

Singapore PM urges India to push reforms

New Delhi (AFP) — Singapore’s prime minister on Wednesday urged India to press ahead with economic reforms and added that foreign investors need a “predictable” environment in which to invest their money. Visiting Prime Minister Lee HsienLoong’s comments in New Delhi come as foreign investors have expressed growing concern about India’s paralysed reform process, policy …

Daily News Egypt

US urges support for economic reform in Egypt

By Louis Charbonneau and Michelle Nichols / Reuters UNITED NATIONS: US Secretary of State Hillary Clinton on Monday urged the international community to support the International Monetary Fund in its efforts to reach agreement quickly with Cairo on an economic reform and stabilization program for Egypt. “The international community must provide strong support for the IMF …


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