Egypt’s economy needs 20 years to recover: Sabbour
Bureaucracy and corruption are the main factors behind receding investment in the Egyptian economy, says the former head of the Egyptian Businessmen’s Association
Doaa Fahmy
10 Articles
Latest by Doaa Fahmy
Earthquakes, mudslides are among major threats facing Golden Triangle development
The area has recorded 44 earthquakes in 16 years and 29 mudslides, which threatens infrastructure and building projects
Single authority formed for Golden Triangle to cut down on bureaucracy
The initial stage of the project focuses on agriculture and industry, says head of technical committee
The Golden Triangle: big hopes, bigger challenges
75% of Egypt’s mining wealth is located in the heart of the region, which extends over 2.7m acres
Economy, general budget are victims of corruption
The cost of corruption in Egypt amounts to EGP 900bn, according to experts
Saudi Arabia proposes 6% tax on all Egyptian expat remittances
The new tax is a little high, but will not affect the Egyptian market, says Hazem Hegazy
$7.57bn in remittances to Egypt from expats in Saudi in 2015: Xpress Money
Egyptian expatriates in Saudi Arabia account for the largest population of Egyptians living abroad, reaching 480,000 people.
Abou Hashima acquires 51% of Presentation Advertising Agency
This acquisition will negatively affect the Egyptian media market, eventually causing media outlets to declare bankruptcy, says publisher
$400m allocated by Ministry of Finance to support exports
This is the first time such a budget has been allocated from the General Budget, said Minister of Trade and Industry Tarek Qabil, adding that the amount allocated to support exports is EGP 6bn.
Egyptian exports increase by 9% in April 2016
This marks a good step despite the global economic problems, as exports are expected to double within two years, says Al Gabaly