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Investment bank sees higher GDP growth after ‘positive change’

  /  January 20, 2015  /  Business  /  No Comments

Egyptian asset management, corporate finance and investment banking firm, Cairo Financial Holding (CHF), has raised its growth forecasts for Egypt’s GDP. The firm said that in the current fiscal year, GDP will be 3.7%, up read the rest…

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Business sector unready for privatisation, restructuring to take place: Investment minister

  /  January 11, 2015  /  Business  /  No Comments

Investment ministry hopes to restructure business sector in preparation for tender operations on stock market, bringing them out of the red

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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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Government plan to attract foreign investments requires stable security situation: Economists

  /  December 15, 2014  /  Business  /  2 Comments

Government is working to improve the business sector to fight slow economic growth, decrease unemployment and improve quality of life through basic economic reform

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Weekly dollar bids rise to four times a week

  /  December 15, 2014  /  Business  /  No Comments

CBE is set to raise dollar bids worth a total of $160m instead of $120m

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Egypt rises 20 points on transparency, anti-corruption ranking

  /  December 3, 2014  /  Business  /  No Comments

Egypt’s ranking improved in the Corruption Perceptions Index to 94th place in 2014, up from 114th last year

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Economic analysts agree with IMF report on Egypt’s economic status

  /  December 1, 2014  /  Business  /  1 Comment

Analysts request to amend monetary policy and take precautions with mega-projects in light of current circumstances

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Egypt economy recovering after 4 years of slow activity: IMF mission chief

  /  November 26, 2014  /  Business  /  1 Comment

“There is growing national consensus on the need for economic reform”, says Chris Jarvis

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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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Egypt’s economy grows by 1.1% in first quarter

  /  November 18, 2014  /  Business  /  1 Comment

Figure 6.8% higher than same quarter last year

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4% increase in MENAP economic activity expected by 2015

  /  October 28, 2014  /  Business  /  No Comments

Countries in MENAP region (Middle East, North Africa, Pakistan and Afghanistan) were resisting growth due to socio-political problems and regional conflicts

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Egypt reforms ‘very impressive’, no negotiations on loan programmes: Lagarde

  /  October 11, 2014  /  Business  /  No Comments

CBE governor Hisham Ramez will meet IMF managing director on Sunday

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Egypt and its FDI prospects

  /  September 20, 2014  /  Opinion  /  No Comments

By Omar El-Shenety No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to its knees, and now faces stagnation. Growth has stopped at 2% since read the rest…

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Egypt needs growth, jobs over economic stability: IMF chief in Egypt

  /  September 16, 2014  /  Business  /  No Comments

Government has set concrete goals for its February economic summit, says Lazard managing director

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12.5% deficit in FY 2013/2014 budget, financing gap valued at EGP 10-11bn: Finance minister

  /  September 16, 2014  /  interviews  /  No Comments

CBE’s temporary ‘financial’ account is strategic reserve and will not be used to solve budget deficit

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Egypt to invite IMF to assess economic reforms

  /  September 13, 2014  /  Business  /  No Comments

Ministry of Finance says government will invite IMF before Egypt’s economic summit in February 2015

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Rumours of IMF negotiations untrue: Finance Minister

  /  August 18, 2014  /  Business  /  No Comments

An IMF delegation will visit Egypt before the end of 2014, minister adds

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Investment in economically viable projects enhances short-run growth: Economist

  /  August 9, 2014  /  Business  /  1 Comment

Economist writes in report published on IMF website that sustainable and inclusive growth requires both short-term and long-term measures

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Latest

IMF suggests cash transfers to improve subsidies targeting

  /  July 14, 2014  /  Business  /  No Comments

Egypt needs adequate mitigation measures, gradual price increases, and better public communication

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Economic reforms a ‘must’ for Egypt growth: Lagarde

  /  May 3, 2014  /  Business  /  62 Comments

IMF chief says there are “encouraging” signs in energy subsidy reform

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Gulf support should not substitute for long-term economic reform: IMF official

  /  April 15, 2014  /  Business  /  1 Comment

Egypt must address “imbalances in the budget”, generate jobs, and improve living standards, says Massod Ahmed, IMF’s Middle East director

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IMF no longer forces ‘structural adjustment’: Lagarde

  /  April 13, 2014  /  Business  /  1 Comment

The crisis lender is sensitive to charges it dictates socially and economically harsh reforms on countries availing themselves of its support.

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Egypt still in need of financial assistance: International Monetary Fund

  /  April 12, 2014  /  Business, Economy  /  1 Comment

Financial aid could come from Gulf countries, the IMF or other financial institutions, says IMF’s chief of mission in Egypt

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IMF, World Bank push for price on carbon

  /  April 12, 2014  /  Business, Energy  /  38 Comments

Warning that time was running out for the planet to avoid worst-case climate change

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Latest

Annual Inflation rate hits 10.2% in March

  /  April 12, 2014  /  Business, Economy  /  67 Comments

Exchange rate depreciation, money expansion, supply shortages, recurrent wage increases are attributed to wave of increasing inflation, says IMF’s Toward New Horizons report

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World Bank watches unfolding of political situation with great concern: Bank president

  /  April 12, 2014  /  Banking, Business  /  2 Comments

World Bank has helped finance several projects in various sectors during the past year

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Egypt economic growth to remain slow: IMF

  /  April 8, 2014  /  Business  /  85 Comments

AFP – Growth in Egypt’s economy is expected to remain sluggish this year as political uncertainty keeps tourists and foreign investors away, the International Monetary Fund said Tuesday. The economy of the Arab world’s most read the rest…

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G20 final document unlikely to address Ukraine crisis

  /  April 8, 2014  /  Business  /  1 Comment

Reuters – The world’s financial leaders are likely to discuss possible risks to Europe’s economy from the crisis in Ukraine, but there are no plans to mention it in the final document from their Washington read the rest…

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China faces ‘serious obstacles’: IMF chief

  /  March 24, 2014  /  Business  /  2 Comments

China’s gross domestic product (GDP) grew 7.7% in 2013, unchanged from the year before.

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Latest

Egypt investors believe Sisi presidency will bring stability

  /  March 22, 2014  /  Business  /  103 Comments

Sisi offers the hope of relief from three years of political turmoil that began with the Arab Spring uprising, even though he was the man who toppled Egypt’s first freely-elected president, Islamist Mohamed Morsi.

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