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Latest in In Focus


Nasa Space Apps Cairo can transform country into tech hub

After several years marked by turbulence and uncertainty, Egypt’s economy suffers numerous challenges, from political unrest and declining tourism to foreign currency and fuel shortages, which led the government to adopt a reform programme to improve Egypt’s public finances. Innovation and economic progress go hand in hand; supporting SMEs and tech startups is a step …

Mohamed Samir

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

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

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 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

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

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

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

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