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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.

Nihal Samir

32.5% of Egypt population live in poverty

Meanwhile, he showed out that the average annual household expenditure increased to EGP 51,400 annually, compared to EGP 36,700 in the previous survey in 2015, while the average family income hiked to EGP 58,000 per year in 2017/18, against EGP 44,200 during 2015.

Nihal Samir

Financing for development should focus on channelling resources to eradicate poverty: Nasr

Minister of Investment and International Cooperation Sahar Nasr stressed that financing for development should focus on channelling resources to eradicate poverty, in line with the overall goal of the Sustainable Development Strategy (SDS): Egypt Vision 2030. “In this context, any resources for financing development must be consistent with national priorities and development strategies of the …

Daily News Egypt

Poverty: the dark side of the American empire

If we have learned anything from this last presidential election, it is that poverty continues to be a concept ignored by president-elect Donald Trump and by United States politicians. Although both avoid using the word like a naked man avoids a poisonous snake, poverty is integral to the current reality of the US socio-political landscape. …

Cesar Chelala

Government policies increase poverty, future for the poor seems bleak: expert

Poverty in Egypt will increase throughout the year, as the government did not use the incoming foreign currency to create jobs, according to Aliaa Mamdouh, a former economist at CI Capital Investment Bank. The current economic and social conditions in Egypt are projected to increase the poverty rate in the coming years. The government appears …

Hisham Salah

Poverty rate rises while solutions are lacking, low-income citizens in Upper Egypt, Sinai most affected: experts

The Central Agency for Public Mobilisation and Statistics (CAPMAS) announced that the percentage of the population under the poverty line jumped from 26.3% in 2012/2013 to 27.8% in 2014/2015. With every price increase the government announces, low-income citizens in Egypt are greatly harmed and left wondering how to deal with the increasing challenges present in …

Daily News Egypt

Most millionaires now in Asia: report

While poverty is on the rise in many regions of the world, there’s massive wealth at the other end of the scale, a fresh report by the consultancy Capgemini has shown. The number of millionaires is growing steadily.

Deutsche Welle