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Egypt vulnerable to adverse global economic developments: IMF Mission Chief

  /  December 27, 2014  /  Business  /  No Comments

Egyptian authorities design good macroeconomic and reforms programme ahead of March 2015 economic conference, says Jarvis

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Al-Sisi invites Chinese inventors to March Economic Summit

  /  December 23, 2014  /  Business  /  1 Comment

Al-Sisi said the Egyptian economy was in a “very difficult position” 16 month ago, with inflation reaching its highest rates, international agencies lowering the country’s credit ratings, and the fleeing of foreign investments.

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Fitch Raises Egypt’s Credit Rating to ‘B’

  /  December 20, 2014  /  Business  /  1 Comment

At end of 2014, national debt stood at 90.5% of GDP, and is set to drop to 85.8% of GDP by the end of the FY 2015-2016

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Egypt looking to mend economy with energy moves

  /  December 14, 2014  /  Opinion  /  1 Comment

  By Oxford Business Group Egypt has been making impressive progress in straightening up its balance sheet in recent months. Steep cuts in energy subsidies coupled with a drop in world oil prices have given read the rest…

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Opportunities, challenges for investment in Egypt’s renewable energy sector

  /  November 26, 2014  /  Business  /  1 Comment

‘Invest in Egypt 2014’ conference kicks off in Abu Dhabi, amid speculation on the country’s potential for green energy

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Clear economic vision is big challenge for Egypt in 2015: EFG-Hermes Head of Research

  /  November 26, 2014  /  interviews  /  1 Comment

Egyptian market is, however, the most attractive in the Arab world due to potentially high returns on investments

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General picture of the Egyptian economy mixed during IMF visit

  /  November 25, 2014  /  Business  /  No Comments

Lagarde added that the conflicts in the Middle East and North Africa will have serious economic implications not just for the region, but the entire world.

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Emirati, Saudi parties largest investers in Egypt: Investment minister

  /  November 25, 2014  /  interviews  /  No Comments

Government will resolve the majority of disputes with investors before economic summit in March, says Ashraf Salman

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Egypt, China set to launch strategic partnership

  /  November 22, 2014  /  Egypt, Politics  /  No Comments

President Al-Sisi scheduled for China visit in December

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$500m repaid to Qatar: CBE governor

  /  October 11, 2014  /  Business  /  No Comments

Egypt will refund $2.5bn at beginning of November says Hisham Ramez

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Cars prices in Egypt grow amid consumer frustration

  /  September 24, 2014  /  Business  /  No Comments

Car experts blame high US dollar exchange rates and popular demand for fuel saving cars for increase

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Informal sector volume records around EGP 1.5tn: ECES

  /  September 23, 2014  /  Business  /  No Comments

Government lost EGP 300bn in potential taxes, according to study

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National Bank of Egypt hopes to open 200 new branches within 3 years

  /  September 19, 2014  /  Business  /  No Comments

EGP 150m total savings for bank clients with platinum certificates

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Shoukry calls on Spanish counterpart to participate in Egypt’s conference to support economy

  /  September 17, 2014  /  Egypt, Politics  /  No Comments

Shoukry meets with Spanish FM to discuss bilateral relations during ministerial conference in Madrid

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Despite difficult challenges, Egypt has a considerable economic upside

  /  September 17, 2014  /  Opinion  /  No Comments

By Mohamed A. El-Erian Already struggling to meet citizens’ legitimate needs and aspirations, the Egyptian economy has suffered a series of additional setbacks in recent years. So much so that, for the first time in read the rest…

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More private sector influence good for economy: Al-Suwaidi

  /  September 16, 2014  /  Business  /  No Comments

The Egyptian economy is currently facing many challenges in light of the growing budget deficit, the energy crisis, and the decline in domestic and foreign investments

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Euromoney Conference: Egypt’s economic summit under the microscope

  /  September 16, 2014  /  Business  /  No Comments

The business and financial community awaits the Egyptian government’s economic plans to be revealed during the Sharm El-Sheikh summit to be held at the end of 2014 or early 2015. The plans are expected to read the rest…

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New council must determine economic roadmap: CIB managing director

  /  September 16, 2014  /  Business  /  No Comments

The council must be independent and serve an advisory purpose, Hisham Ezz Al-Arab says

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Minister of Planning looks ahead to Egypt’s Economic Summit in February 2015

  /  September 16, 2014  /  Business  /  No Comments

The government will announce a clear strategy for 2030 in Egypt’s upcoming Economic Summit next February

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Businessmen want Wealth Tax to be paid in kind; government wants cash payment

  /  August 20, 2014  /  Business  /  No Comments

Investors fear the government will direct proceeds of Wealth Tax to balance the budget deficit without focusing on development projects

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Al-Sisi, Putin seek stronger ties in Sochi

  /  August 12, 2014  /  Egypt, Politics  /  2 Comments

Russian and Egyptian presidents look to coordinate on international issues

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Al-Sisi set for Russia visit

  /  August 10, 2014  /  Egypt, Politics  /  19 Comments

The Egypt State Information Service says Al-Sisi responded to Putin’s invitation and will pay a short visit to Russia Tuesday

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Egypt drafting law to protect facilities, criminalises attacks on water and electricity: PM

  /  August 10, 2014  /  Business  /  No Comments

Government drafts document obliging Toshka development companies to finish within 3 years or face land withdrawal

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Migrants: A treasure for Egypt

  /  August 5, 2014  /  Opinion  /  12 Comments

By Omar Khedr For its 2014 forecasts, the World Bank predicts that Egypt’s economy will grow by 2.4% followed by a further 2.9% expansion in 2015. Endowed with a young population, Egypt has a strong read the rest…

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US confirms support for Egypt’s economic reform programme

  /  August 5, 2014  /  Business  /  No Comments

Government seeks to restore the confidence of international markets in Egyptian economy and gain support for economic reform programme

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Egyptian government presents trade, technology projects to India

  /  August 4, 2014  /  Business  /  1 Comment

Government conducts broad international talks to revive confidence in Egyptian economy threatened by political turmoil

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Misunderstanding Africa

  /  August 2, 2014  /  Opinion  /  16 Comments

By Robert Tashima   Gold, oil, timber, cocoa: these four words could sum up the essence of African economic development over the 20th century. Investors dug mines, brought in derricks, and chopped down trees, but read the rest…

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Returns on treasury bills rise, negative impact on economic growth expected

  /  July 21, 2014  /  Business  /  124 Comments

Prices jumped 1% for returns on treasury bills in the hours after central bank raised the interest rates by same amount

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Ministers of Agriculture, Industry to discuss needs of spinning, weaving companies

  /  July 15, 2014  /  Business  /  No Comments

Government moves to save the textile industry in view of governmental failure to recognise huge losses incurred

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Culture of cooperation and common goals key to Germany’s victory: WEF

  /  July 14, 2014  /  Business  /  No Comments

By Evline Meshreky A blog published by the World Economic Forum (Davos) attributed Germany’s success in football as well as economically to sustaining a culture of cooperation and common goals, and long-term policies to support read the rest…

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