Egypt ranks 44 in HSBC Expat Explorer report, Singapore secures top spot for 2nd year
Emerging economies offer more opportunities to start or grow a business, according to 44% of expat entrepreneurs
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Germany’s sole economics Nobel laureate dies
Economist and mathematician Reinhard Selten, who made a tremendous contribution to the field of game theory, has passed away at the age of 85. He is the only German to have ever received a Nobel Prize in economics.
Global terrorism in 2014: the most casualties ever
Text book sparks row over economics in schools
German factory orders surge in June
Opinion: KMW-Nexter merger creates European arms giant
Arabesque: A student activity aims for a better Africa
Each year, the students get to choose a certain track, and over the course of a few months they learn all the basics about this specialty.
Year End 2014: What has the president accomplished so far?
President Abdel Fattah Al-Sisi made several economic promises to Egyptians prior to his election. Daily News Egypt reviews the goals set and analyses how far along they are from realisation. Prior to election, then-political candidate Al-Sisi cited “national security” concerns for not sharing his detailed vision. Al-Sisi stated that only the broad lines of his …
Egypt to send doctors to Equatorial Guinea
Al-Sisi and President of Equatorial Guinea also discuss economic relations
Cost of development behind stranded gas: Petroleum officials
Around 36 concession agreements in which 153 wells to be drilled have been ratified
Egypt may experience increase in terrorism: Think tank
The country was ranked 13th in the new Global Terrorism Index report
Legislators inundated by conflicting laws, reform committee ‘necessary’: Expert
Legislative reform committee begins work following recent formation by presidential decree, looks to bring order to existing legislation and review new legislation
How to deal with emerging markets volatility
By John Wasik Since the beginning of the year, emerging markets have been like cats on a hot tin roof. Hot money is skittering out of foreign markets as countries from Argentina to Turkey have been clawed by economic and political turmoil. But even with heightened concerns about the prospects of developing countries, emerging markets …
The Sahel: One region, many crises
By André-Michel Essoungou Africa’s Sahel region faces many complex and interconnected challenges. Here are some of the major ones, and how the United Nations is assisting the region in finding solutions. The food crisis When the Sahel is in the news, it is often because millions of people are at risk of going hungry. …
Op-ed Review: Adly Mansour and social justice
The interim president’s future Abdallah Al-Sinawy Al-Shorouk Newspaper Al-Sinawy begins his article by explaining that Adly Mansour did not expect his current position as interim president. “He had not even officially accepted his position as head of the constitutional court when he was assigned [to be] the new president for Egypt, according to the 3 …
Englishman in New York
Would you like this delivered? It was a normal question in Cairo. But in Brooklyn, New York, my friend was a little surprised. New York City residents do boast about being able to have anything delivered. But, if McDonald’s doesn’t have 24-hour delivery, how much can they really boast? After a trip to the other place he calls home, an Egyptian-American friend was talking about the conveniences he enjoyed while being back in New York and how they compare to Cairo. …
Red herrings
A few weeks ago, in his regular New York Times column, Thomas Friedman applauded the “radical evolutions” taking place across the Arab Gulf, dubbing them “The Other Arab Awakening“. Friedman makes the sweeping claim that, “in the wake of the Arab Spring, [Gulf leaders] are deeply concerned with their legitimacy, which they are discovering can …
Editor’s Letter: Egyptians between the two Gamals (5 of 5): Sisi in Nasser’s suit, Sadat’s tongue and Mubarak’s fist
Since the ouster of President Mohamed Morsi on 3 July this year by the military with support of the masses, Egypt is witnessing a unique example of governance models: all-in-one leadership style. Officially, we have Mr Adly Mansour as the interim president of the country until the so-called roadmap is accomplished sometime hopefully this coming …
Inclusive entrepreneurship
Gedety was too good to be true. Yasser El Zahhar, its founder, had the idea to start a social business that would employ non-working Egyptian women to make products that working Egyptian women could use to make quick, but healthy meals for their families. All he would need to do is buy his agricultural …
The new world of export controls
By Dr. Paul Freedenberg and Dr. Michael R. Czinkota In the summer of 2009, President Obama announced a plan for a complete US export control reform (ECR). Then Secretary of Defence Gates argued that the system was “overly complicated, contains too many redundancies, and in trying to protect too much, diminishes our ability to focus” …
Egypt’s veil of ignorance and the social contract
“[A]pply the following test. Recall the face of the poorest and the weakest man whom you may have seen, and ask yourself, if the step you contemplate is going to be of any use to him. Will he gain anything by it? Will it restore him to a control over his own life and destiny? …
Powering economic equality: GE, Ashoka Changemakers and social entrepreneurs
Three social entrepreneurs will receive cash prizes from GE and Ashoka Changemakers in the Women Powering Work competition for innovations that will advance economic opportunities for women in the MENA region. Better integrating women in the labour market is good for all. When women have more cash, they better invest in nutrition, health and education. …
Egyptian female youth and their labour market
Recently, I was stunned. I had quite a surprising experience while interviewing a young, Egyptian woman for a basic entry-level analyst-type position. From my perspective, the interview was going well. The young woman was bright and seemed to have many of the qualities I was looking for in a candidate. As we were wrapping up, …
Cairo real estate still awaiting political stability for takeoff: Advisory firm report
The report by Jones Land La Salle, titled “Cairo Real Estate Market Overview”, cited global research firm HIS Global Insights, which reduced its forecast of real GDP growth for 2013 from 2.7% in January to 2.1% in September.
Editor’s letter: Egyptians between the two Gamals (2 of 5): The Mubarakonomics of dismantling Nasser’s state
Ousted president Hosni Mubarak had his own economic model that can be described as an incoherent blend combining the disadvantages of both capitalism and socialism in one entity. We can easily call it Mubarakonomics. A pro-rich neoliberal model in a fat nonfunctioning extremely centralised state. Under such a model, the middle and lower income groups …
UNGA trip is the beginning of a new diplomatic phase: Foreign Ministry
Nabil Fahmy had 49 bilateral talks and meetings during New York trip
Decrease in revenues since 25 January pushes the Ministry of Antiquities to think outside the box: Mohamed Ibrahim
Ibrahim said that the Ministry’s revenues decreased by 35% from EGP 1.273bn during the 2009-2010 fiscal year to EGP 772m during the 2010-2011 fiscal year.
Foreign Ministers stress importance of Egypt-Russia relationship
Fahmy congratulates Russian diplomacy following US-Russia agreement on Syria chemical weapons
Bartered bride
Philip Whitfield Brave reporting by Hamza Hendawi. His Associated Press copy from Dalga makes your blood boil. Morsi supporters are ethnically cleansing Christians in a town a hop skip and a jump from Tahrir Square. The police stand idly by while 20,000 Christian homes and businesses are torched. An Orthodox priest’s house is burned down. …
Saudi says IMF growth forecast too low
The IMF said this month that it expected growth in the largest Arab economy to drop to 4.4% in 2013 from 6.8% last year