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Agility (part 2)

In the previous article, we looked how important it is for Egypt to have an economy that is resilient to external and internal shocks without unnecessarily constraining the change, innovation, openness, and flexibility necessary to create a sustainable growth. The challenge for policymakers is to find the right balance; and to help them do this, …

Richard Banks

Growth potential in emerging markets is unaffected by rising dollar

The decline in emerging-market currencies since March is the result of the dollar rally. However, emerging markets are still benefiting from synchronised growth in the global economy. That momentum provides a good opportunity to move back into this asset class. The year 2018 started well for emerging markets, until they peaked on 20 March. Since …

Mathieu Nègre

Egyptian economy in good shape as FY 2018 ends: FocusEconomics

Egypt’s economy seems in good shape as annual economic growth accelerated in the January-March period to reach a multi-year high. Additionally, in May, foreign reserves hit a record monthly high and, in April, business conditions in the non-oil private sector were in positive territory for only the second time in over two years, according to …

Mohamed Samir

MoU between CAEU, British prime minister to digitally support Arab economy

The Council of Arab Economic Unity (CAEU) signed a memorandum of understanding (MoU) with the Governmental Digital Service affiliated with the British prime minister, within the framework of the council’s goal to support the Arab economy, particularly in the fields of digital economy and transformation. Mohamed Mohamed Al-Rabie, secretary general of the CAEU at the …

Daily News Egypt

Op-ed review: Talk on economy continues, Ramadan media content

As the holy month of Ramadan started last week, annual TV series are often the subject of commentary in the media and discussion on social media. In state-owned newspaper Al-Ahram, two op-eds tackled the issue. To Adel Sabry, these series shift people’s attention from the purpose of the holy month, which should be focused on …

Amira El-Fekki

Egypt: Turning potential into performance

The revival of Egypt’s economic fortunes over the past few years has been nothing short of dramatic. The Arab world’s most populous country has devalued its currency and carried out a series of bold, but necessary, reforms to stabilise its economy, stimulate growth, and increase employment. A $12bn loan from the International Monetary Fund (IMF) …

Salah Shamma

Egyptian economy now in state of maturity: Azhari

Naaman Azhari, chairperson of BLOM Bank Egypt, inspected the economic conditions and the changes that have occurred in the Egyptian economy during the past period during his annual visit to the bank’s branch in Egypt. During the visit, he stressed that the Egyptian economy is now mature and that it is on the right path. …

Daily News Egypt