Egypt ranks top 5 in global FDI inflows in past 7 months: Financial Times
FDI to Egypt increased substantially, signaling that government policies to increase foreign investment may be working
Nicholas Mehling
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Latest by Nicholas Mehling
Shell in talks with government to increase natural gas supply
Shell is currently in talks with the government in order to increase exports, as the government seeks to increase supply to the domestic market
Madinet Nasr Housing & Development reports 787% growth in sales for September
Inflation, devaluation, and lack of alternative options make real estate in Egypt one of the bright spots for growth
Egypt hits one year of recession
New report finds that downturn in Egypt’s business activity is still linked to inflation increase, foreign currency crisis, and introduction of VAT
Beltone Financial acquires 60% stake in NY-based brokerage firm Auerbach Grayson
Egyptian-based bank expands coverage to international investment despite roadblocks at home
Fully liberalised exchange unlikely: Arqaam Capital
Following Beltone’s research report, Arqaam releases its perspective on the specifics of a likely partial floatation of the Egyptian pound
Egypt and US less free, world freer: Cato Institute
Egypt and the United States are less economically free, while the world sees minor to average gains in liberalisation, according to a recent report by the Cato Institute
Despite challenges, insurance companies thrive in stability: Moody’s
Moody’s forecasts insurance expansion as economy stabilises and recovers, despite glaring structure concerns
Fully fledged float of the Egyptian pound imminent: Beltone Financial
The state may have implied that a currency liberalisation and peg to the dollar is imminent and that it is willing to enforce the decision through any means necessary
Trade war targets Egyptian products
Poor policies, mismanagement, and opportunistic rivalries are all to blame for the international assault on Egyptian products
Egypt’s banking sector needs new policies to thrive: Booz Allen Hamilton
Egypt has been in a gradual state of banking consolidation in which the number of banks operating in Egypt has decreased from 61 in 2004 to 40 banks licensed by the CBE in 2015
Can Egypt secure $7bn in refugee support?
Changing political landscape may make Egypt the preferred partner in the refugee crisis
Philip Morris Misr announces official list prices post-VAT
The support for the decision comes in the hope that the VAT law will end production shortfalls and price fluctuations
LG Egypt determined to stay its course despite challenges
Daily News Egypt met with Don Kwack, managing director for LG Electronics Egypt, to discuss his experience in Egypt’s investment and doing business climate
A survey of western opinion on Egypt’s plans for reform
Egypt’s current economic troubles and reform efforts have been the main topic of discussion in a slew of articles recently, many of which pin the blame on the country’s ruling regime, such as Bloomberg’s “Egypt’s Failing Economy is Sisi’s Fault”. The government, however, is not only battling against the challenges of the present, but also …
Egypt’s 4G licence is incoming
Local MNOs are finally reaching an agreement on 4G network licences; new internet speeds available in six months
Egypt’s private sector contracts for 11th consecutive month: IHS
Rate of contraction in private sector sharpened on the back of steep price increases, as global data points to stagnation
An Italian investor’s mission to save Sharm El-Sheikh
Owner of Domina Coral Bay launches “Sharm El-Sheikh is safe” and “We will not leave” campaign; invites leading Italian figures for free visit to promote Red Sea city
Will OECD countries continue to abandon free market in face of Chinese threat?
China’s increasing domination of large scale manufacturing drives western nations to put up trade walls with the world’s biggest market
EFG Hermes hosts London conference for MENA investment
Global investors target new opportunities at sixth annual EFG Hermes London MENA and Frontier Conference
Egypt would profit with social progress
Annual report of Social Progress Index for 2016 released in an attempt to redefine development indicators from a strictly economic approach
Ahead of G20 Summit, west abandons free market in face of Chinese threat
China’s increasing domination of large scale manufacturing drives western nations to put up trade walls with the world’s biggest market
China and Egypt boost ties due to West’s failures
China wants developing countries to have a larger role in this year’s G20 conference as the world’s largest economy steps up overseas investment
Sawiris deepens regional financial ties with market-making strategies
Orascom and its subsidiaries are expanding for regional and international exposure
Approval of the VAT is a historic achievement: IMF
Change in national tax code will affect all portions of society, unless explicitly exempted
Japan presides over boosted Egypt-Africa relations at development conference
Egypt has inked a number of deals between Japan and other African nations, aimed at promoting continental development
UNDP, Egyptian government outline 15-year development strategy
Representatives from the UNDP and Egyptian government discussed the national plan for development and a number of targets to work towards for the future
Booz Allen Hamilton designing solutions to region’s security threats
MENA region is at heightened risk of cybersecurity attacks which threaten infrastructure, development, and people’s lives, according to a report released by the global firm
Fitch Ratings upgrades DP World during ongoing expansion of operations
The credit rating agency affirmed DP World Sokhna’s credit rating and fiscal security as the multi-national commerce company plans massive expansion
Emerging markets become safe haven for investments
Despite political instability, emerging economies have become the preferred investment destination over low-yield developed nations