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Pharos Holding optimistic about the Egyptian economy
Household consumption to grow by 1% in FY19/20 and to keep driving growth in upcoming years
Citibank optimistic about horizons of Egyptian economy
The bank is currently focusing on expanding its portfolio of local companies on a selective basis: Mohamed Abdel Kader
The Service sector of high value motivates the Egyptian economy
Since then, the form of international economy has been effective in development plans. In 2016, the list of the ten largest companies in the world included nine companies working in the field of technology, although the energy companies were at the top of the list in 2006
Flotation, economic reforms mark the start of a new beginning: PwC Middle East
New wave of economic reforms, liberalisation of EGP are huge leap towards luring foreign investors back to Egypt and strengthening economy, says PwC report
Egypt’s economy: outlook and challenges in the eyes of international financial institutions
After several years marked by turbulence and uncertainty, Egypt’s economy encountered numerous challenges, from political unrest and declining tourism, to foreign currency and fuel shortages, which led the government to adopt an economic reform programme to improve Egypt’s public finances. Between September and November 2016, authorities introduced the value-added tax law (VAT), a free-floating currency, …
Government has taken serious steps towards applying real economic reform to achieve sustainable growth: Kabil
Ministry plans to complete the establishment of the first three industrial parks
Competitiveness of Egyptian economy is being reassessed: ABA
The flotation of the Egyptian pound requires that companies re-evaluate their assets, says Marwan Al-Sammak
What are the challenges facing the Egyptian economy in the eyes of dealers?
Chief financial officers and heads of treasury sectors at banks (dealers) are facing the economic crisis more than anyone else. Thanks to the nature of their work, they realise what is happening in the global economies and the challenges facing them. In Egypt particularly, dealers play an important role in employing banks’ liquidity in local …
IMF deal would be credit positive for Egypt: Fitch Ratings
Government is explaining the importance of the loan to parliament, not concerned about high US dollar exchange rate, says finance minister
Egypt’s economy needs 20 years to recover: Sabbour
Bureaucracy and corruption are the main factors behind receding investment in the Egyptian economy, says the former head of the Egyptian Businessmen’s Association
Egyptian exports increase by 9% in April 2016
This marks a good step despite the global economic problems, as exports are expected to double within two years, says Al Gabaly
Standard & Poor’s report reinforces the bearish descent towards 7,425 points
Standard & Poor’s revised on Friday its future outlook of the Egyptian economy from stable to negative, but kept its credit rating unchanged at B-
IMF expects Egyptian economy to grow by 3-3.5% this fiscal year
Security problems, Russian plane crash, and foreign currency crisis lowered growth expectations from last year, says Masood Ahmed
Ghabbour Auto contributed $93m to the Egyptian economy in 2015
During the Suez Canal Global Conference, Ragheb stated that she expects Egypt to become a centre for the automobile industry in the Middle East, given its geographical location and free trade agreements
14 direct benefits for Egyptian economy due to Suez Canal projects: Banking expert
Banks should exert more effort to support development instead of focusing on financing budget deficit, says Ezz El-Din Hassanin
Metawee Group invests EGP 750m in new ‘Blue Blue’ project
Project is located in Ain Sokhna and covers 121,000 sqm
Return on equity and bank profitability: Could this exercise help Egyptian economy?
By Ahmed M El-Wahsh Return on Equity (RoE) is an internal performance measure of a bank’s profitability from the shareholder’s point of view, typically measured by the ‘Net Income’ per dollar of ‘Equity Capital’. It is often considered as the most popular measure of performance, as it is easily available to the analysts, proposes a …
Minister of Trade and Industry reveals new initiatives to bolster Egyptian economy
Abdel Nour: Industrial developer annexations of land is indispensable
How uncertainty managed to negatively affect the Egyptian economy
By Mohammed Nosseir Egypt is in need of a coherent economic vision complemented by explicit economic policies. Undermining both, or using economic initiatives as substitutes and surprising citizens with an assortment of mega investment projects (even if they are beneficial) will not do our country any good. In a very short period, Al-Sisi has managed …
Omran: Committee to stimulate the Nile Bourse and study over-the-counter markets
A committee tasked with putting forth suggestions to stimulate small and mid-sized projects on the Nile Bourse, in addition to studying market conditions on the over-the-counter (OTC) market, will be created for the benefit of investors, according to Mohamad Omran, Chairman of the Egyptian Bourse. In statements made to the Middle East News Agency …
Washington to support Egypt’s economy
Prime Minister states that the US stands ready to support Egypt economically
No intentions for Qatar to increase aid to Egypt in the short term
‘The Egyptian Government will have to rely on itself now’ says Economic expert
Fitch expects delay in IMF deal
The global credit rating agency announced today that it expects a delay to the agreement between Egypt and the IMF to secure a $4.8bn loan due to extended parliamentary elections and an opposition boycott
Economic experts: ‘Collapse’ of economy imminent if presidency continues to ignore demands
The continuing civil unrest threatens the economy if the government does not meet disaffected people’s demands, say experts
Global economy crisis adds more challenges to Egypt in 2013
The global economy faces fewer headwinds in 2013 compared to last year but is likely to experience a period of weak growth, according to experts.
Morsy’s Shura Council speech emphasises economy
The president and his supporters say the country is on the right track
Egypt’s broken economy
By Mohsin Khan WASHINGTON, DC: Egyptians’ political aspirations have dominated the country’s public life since the fall of President Hosni Mubarak last year. Unfortunately, as those aspirations are addressed, the economy has entered a steep decline, jeopardizing one of the revolution’s main goals, namely improvement in Egyptians’ living standards and welfare. Indeed, the populist rhetoric of …
Egypt faces economic dangers, yet has unexploited opportunities, say economists
By Amir Makar CAIRO: Bad management in the face of chronic woes and natural outcomes of the social uprising summarize the current situation in Egypt, believe a panel of distinguished economists, who offered education and human development as leading rescues out of the quagmire. Renowned economist and American University in Cairo professor emeritus Galal Amin classified …
Egypt core inflation 7.3 pct in February
By Reuters CAIRO: Egypt’s core consumer price inflation quickened to 7.3 percent in the 12 months to February from 6.86 percent in January, the central bank said on Sunday. Core inflation strips out subsidized goods and volatile items including fruit and vegetables. The state statistics agency CAPMAS said on Saturday that urban consumer price inflation, …
Economic gloom begins to lift in Egypt
By Tom Pfeiffer / Reuters CAIRO: When Egypt’s stock market index climbed this week to its highest level since last July, it was more than a boon to equity investors — it was a sign that after a year of turmoil, prospects may be improving for the Egyptian economy. Much investment ground to a halt in …