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Egypt faces an enviable economic opportunity but needs to up its game
Saudi particularly is restructuring and rebalancing to create a more sustainable combination of industry, finance and services. So, to one extent or another, are all the Gulf countries. As these economies move towards normalisation, they will understand the vital importance of regional trade and investment
Egypt targets 6% economic growth in FY 2020
State’s total investment in next FY estimated at EGP 1.17tn
Turkey’s economic woes power Balkan reboot
US State Secretary Pompeo assures more military, economic aid to Egypt
Shoukry to visit Washington in August to discuss maintaining regional stability
EU economic growth forecast reduced
Egypt: A term of spending despite austerity
Life in Egypt did not, before 25 January, and still does not, after 30 June, live up to the aspirations of many of its inhabitants. Social welfare has been sacrificed on the altar of economic “reform”, as if that was the only hurdle impeding the government’s effectiveness to provide a decent life for all. For …
Parliament continues new round of economic reforms in October: parliament member
The recently approved Investment Law will increase Egypt’s ability to attract FDIs ranging between $8-10bn by the end of this fiscal year and will exceed $10bn during the next
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
The heritage of economic citizenship: a‘refuge’ for advancement
A lot of unnecessary energy has already been expended on Egyptian television arguing over the planned reforms ofresidency and naturalisation procedures, with accusations of treason flying both ways. The idea is that you get a five-year long residency if you stash a lot money in the bank that the government will then spend and invest …
US economic aid to Egypt to decline by $38m
Egypt has not made use of most of the US aid since 2011, says Tahrir Research Institute
Washington to cut US economic aid to Egypt by half
US would cut its economic aid to several countries, not only Egypt, and the decision does not reflect Trump’s political position, Mahana said
US Congress delegation visiting Egypt meets President Al-Sisi and Defense Minister
The delegation also inspected St. Peter and St. Paul’s Church, the site of the deadly attack in December
Shoukry meets US Congress delegation visiting Egypt
The US congress delegation visiting Egypt is headed by Senator Dana Rohrabacher, says state media outlet
Does Egypt’s economic targets line up with its economic reality?
Minister of Finance Amr El-Garhy had said on Sunday that the ministry has set three goals for the country’s budget in the fiscal year (FY) 2017/2018. According to him, the ministry plans to focus on sustainable development, by raising the GDP by 5%, reducing unemployment to 11%, and cutting the national debt to 94% of …
Egypt’s subsidy system: questionable corruption, unending problems
At the beginning of the 20th century, when the world was plagued by famines and world wars, governments enlisted food subsidy programmes to feed their citizenry in these desperate times. Such programmes are still used by government’s all over the world in order to combat poverty and hunger. However, many countries across the world have …
Impeachment of current cabinet to be settled next week
Government will send a report to parliament on its performance over the past 6 months, says MP
China’s economic corridor creating new conflicts in Pakistan
Pakistani PM Sharif has inaugurated a two-day China-Pakistan Economic Corridor summit in Islamabad, hailing the project as a milestone for his country. But opposition to the project is increasing amid new conflicts.
Challenges in Egypt’s economic recovery remain
According to a report published by Atradius, growth rates are expected to remain subdued due to inflation as well as regional and global economic challenges
US congress members to meet with President Al-Sisi in Egypt
Several US members of congress have visited Egypt in recent months
Swiss ambassador looks to promising economic cooperation with Egypt
Swiss ambassador to Egypt Markus Leitner talks to Daily News Egypt about Swiss companies’ concerns in investing in the Egyptian market
Saudi King’s visit presages stronger Egyptian-Saudi economic ties
The volume of trade exchanged between Saudi Arabia, Egypt in 2015 amounted to $6.35bn, says Saudi Trade Ministry
Women’s economic, social empowerment remains low in 2016: ECWR
The report aims to shed light on different indicators of women’s rights issues locally and internationally, says researcher
Egypt economic recovery remains fragile: Report
Egypt’s low competitiveness is one of the structural weaknesses in its economy, which is said to be due to its fragile security situation and risks of political instability
Egyptian army’s economic empire: Unidentified market share yet high impact
Egypt hopes to export fertilisers through a new army-owned factory
145,800 housing units were constructed during FY 2013/2014: CAPMAS
70.8% of the units were implemented through private sector investments of EGP 15.5bn
IMF calls on US Fed to ‘hold off’ on rate hike
Business lobbying against German minimum wage revealed
Europeans head to Latin America to escape economic crisis at home
As many well-educated people can't find jobs in crisis-stricken Europe, they turn south. More migrants are moving from Europe to Latin America and the Caribbean than the other way round. Jane Chambers reports from Chile. Originally hailing from Seville in southern Spain, Magdalena Martín Sevilla decided to make Chile her new home after she couldn't find any work for months….
Economic recovery positively impacts banks’ performance
Significant rise witnessed in loans and deposits in Egypt’s banking sector in March
Tourism ministry announces electronic draw results for pilgrimage
269,571 citizens competed to acquire 29,000 pilgrimage visas, tourism ministry says