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تجزئةe

Egyptian food retail market grows stronger despite challenges

Egypt continues to maintain its position as the Arab world’s largest consumer market. With an estimated 92 million citizens and one of the world’s fastest growing populations, the demand for food products will continue to grow. Although the country faced various economic challenges following the 2011 and 2013 regime changes and subsequent decreases in tourism …

Mohamed Samir

sisi, ans donald trump

Will Al-Sisi’s visit write a new chapter in Egyptian-American relations?

A special relationship between Egypt and the United States has been established in the wake of the 1973 war, as a result of late Egyptian president Anwar Al-Sadat’s decision to gradually shift from the Soviet camp, sign the 1979 Camp David peace treaty with Israel, and establish stronger ties with Washington in return for various …

Mohamed Samir

devil inflation

FX is not only indicator for assessing economy: Arqam Capital

Most of the foreign exchange (FX) flows to banks are being directed to alleviating longstanding pressure on the corporate and household sectors to spur economic activity and reduce inflationary pressures, while meeting the demands of foreign companies and investors for repatriation. According to Arqam Capital’s report “The Devil in the FX” published in February, the …

Mohamed Samir

The chancellor of Germany, Angela Merkel, is paying a two-day visit to Egypt on Thursday

The chances and opportunities of the chancellor’s visit to Egypt

The chancellor of Germany, Angela Merkel, is paying a two-day visit to Egypt on Thursday, to discuss several political and economic issues between Egypt and the most powerful industrial country in the European Union. Throughout the visit, it is scheduled for Merkal to meet Egyptian President Abdel Fattah Al-Sisi, the Grand Imam of al-Azhar, Ahmed …

Hisham Salah

flotation

Currency flotation is paying off as foreign flows drive foreign-exchange stabilisation: EFG Hermes

Squeezed by turbulence and uncertainty since 2011, Egypt’s economy encountered numerous challenges, such as the prolonged political transition that led to the build-up of macroeconomic imbalances. The government decided to adopt an economic reform programme—backed by the International Monetary Fund (IMF)—which included the introduction of the value-added tax (VAT) law, the reduction of fuel subsidies, …

Mohamed Samir

by asmaa gamal

Challenges that new ministers face

On 16 February, Prime Minister Sherif Ismail got parliamentary approval for the new ministers that he had chosen for the cabinet reshuffle. The reshuffle comes during a time that is seeing extreme instability of the economy. The new ministers will also have to deal with the heavy burdens that citizens face after the implementation of …

Hisham Salah

report

Egyptian economy is gaining momentum: Bank of America Merrill Lynch

With the trade in Egyptian Treasury bills (T-bills) gaining ground, the witnessed drop in T-bill yields at auctions is an indication of the increasing foreign investor participation and is providing support to the USD/EGP trade with a better tone, according to Bank of America Merrill Lynch’s February insight report. The report cites the unofficial announcement …

Mohamed Samir

HR 2

New “Shared Development” HR model may be the answer to the challenges in the wake of economic downturn

Throughout history, despite the evolution of society, the foundations of the economy remained unchanged. In the era of agriculture, the economy was based on fertile lands. During the industrial era, it was based on production; and, now, in what we can call the era of informatics, the foundation consists of communications, information, and computer technology. …

Mohamed Samir

Trump

Too early to predict US foreign investments policy: Nafea

In spite of the harmony between Egyptian President Abdel Fattah Al-Sisi and US president Donald Trump, economic experts believe that it’s hard to guarantee bilateral relations are going to improve and that Trump’s good personal relation with Al-Sisi doesn’t mean economic relations will improve. According to Trump’s statements, which voice his putting America first to …

Hisham Salah

shishia, coffee shop , cafe , football , match

The economics of football championships between fans and coffee shops 

Since the 2006, 2008, and 2010 African Cup of Nations, football became very important to Egyptians, as the country won the title three times in a row. Egyptians are very keen and excited to watch football matches with friends or family. Moreover, they prefer to watch the matches while having hot drinks and smoking shisha …

Hisham Salah

saudi , egypt , salman , sisi

Could Saudi challenges become Iraqi opportunities for Egypt?

In the 1970s, the alliance between Egypt and Saudi Arabia was formed as a result to the countries’ mutual interests and threats. The ties between the two countries were stronger than ever, especially after Egypt had led the Arab participation in the international coalition against former Iraqi president Saddam Hussein in the early 1990s, after …

Mohamed Samir

Amr El-Garhy, The Minister of Finance

Egypt’s treasury bonds: high interest, but for what?

The government of President Abdel Fattah Al-Sisi promised to carry out a lot of economic reforms in the country, which require excessive effort and financing, as the president had mentioned many times during different speeches. The government has been asking for foreign help since Al-Sisi came to office, from Saudi Arabia, Kuwait, the United Arab …

Hisham Salah

sisi, suez canal

Despite efforts, investors have not flocked to national mega projects

The government headed by Sherif Ismail has repeatedly said that it wants to attract investment to all national projects which were announced by President Abdel Fattah Al-Sisi. However, experts believe that the government is wasting precious time by not establishing the infrastructure of these mega projects. These projects are the Suez Canal Economic Zone, the …

Hisham Salah

IMF

Prospects and risks of Egypt’s ambitious economic reform programme, according to the IMF 

Since 2011, political and regional developments have taken a significant toll on the Egyptian economy. Underlying structural challenges and the prolonged political transition led to the build-up of macroeconomic imbalances. A significantly overvalued exchange rate undermined competitiveness and depleted reserves. Weak revenue, combined with poorly targeted subsidies and a growing public sector wage bill, resulted …

Mohamed Samir

sherif ismail

Was the government ready for the flotation’s consequences?

Squeezed by economic and political turmoil following the 25 January Revolution that toppled former president Hosni Mubarak, Egyptians are now facing a new era of hardship and austerity. The government’s adopted economic reform programme, backed by the International Monetary Fund (IMF), included the flotation of the Egyptian pound, subsidy cuts, high interest rates, and the …

Mohamed Samir