Latest in Tag: Economy Highlight

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Latest in Tag: Economy


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

Egypt’s economy will harvest reform fruits in 2018: EFG Hermes

Proposals are still small, we hope for return of emerging market funds this year, says Ebeid We will manage three proposals in Egypt; industry, consumption most attractive for mergers, acquisitions, says Gad Corporate profits grew 70% last year, Egyptian stock prices most attractive for investors, says Shams We study opportunities in regional energy sector; Egypt …

Mahmoud El-Qassas

Economic experts view Egypt’s economy in 2018 with cautious optimism 

For most of the last decade, Egypt has been squeezed between turbulence and uncertainty, and a deteriorating economy. Various challenges had to be addressed,  from political unrest and declining tourism to foreign currency and fuel shortages. To correct these structural issues within the economy, the Egyptian authorities adopted an economic reform programme in 2016. Consequently, …

Mohamed Samir