Egypt sees opening to become largest African economy
Though the top three seem to be in a constant back and forth, Egypt’s future growth prospects put it in a better position than the current continental leaders
Nicholas Mehling
71 Articles
Latest by Nicholas Mehling
International creditors celebrate Egypt’s IMF loan: Moody’s
Egypt’s economic and financial strength, debt, and risk levels remain unchanged despite notable government improvements, says investor service
Egypt strengthens ties with BRICS nations
Egypt, India keen to increase trade, cooperation, as India assists in renewable energy, vocational training development
Visa hopes tourism will increase 35% globally by 2025
Study estimates families travelling internationally to surpass 280 million, spend on average $5,300 by 2025
Madinet Nasr Housing and Development profits continue with no end in sight
New developments and increased contracted sales drive profitability into 2019
Oversupply of wheat comes at a time when Egypt needs it most
Reports show one of the highest yields in global wheat production driving export prices down at a time when Egypt is struggling with inflation, reserve shortage, and corruption
Government announces electricity price increase in subsidy reform strategy
The state is continuing its economic reform and liberalisation by scaling back subsidies on electricity consumption; it too early to see how the reforms will affect Egyptian consumers, says Arqaam Capital Researchers
Egypt begins economic recovery
Despite the number of layoffs increasing, Egypt’s private sector experiences its smallest downturn in almost a year, with recovery in output, job creation, inflation levels, and demand
Is pressure for Egypt’s reform coming from the IMF or from oil prices?
While the IMF conditionality is the focus of the reform agenda, oil prices may be driving government considerations
Egypt set to be regional leader in engine repair, cementing relationship with GE: VP
EgyptAir and GE sign agreement for maintenance, repair, and overhaul consulting services to assist in the development of overhaul capabilities for 17,000 engines
International pressure builds on Egypt to liberalise exchange rate
A floating exchange rate is likely in Egypt’s future due to pressure from the IMF and the looming prospect of a Federal Reserve interest rate hike later this year
Egypt’s private sector celebrates IMF conditionality while government sighs in relief
Egypt’s private sector has largely celebrated the news of the IMF loan, which the government hopes will galvanise private sector involvement with development, says Renaissance Capital
MHI Technologies establishes subsidiary in Egypt
Mitsubishi announces the establishment of a regional headquarters in Egypt to meet growing demand in Africa
Egyptian renewable energy disinvestment over price and arbitration disagreements
The government’s plans to develop renewable energy is to blame for mismanagement and unfair practices, says Hesham Tawfik
World economic downturn spares Middle East and North Africa for now
Worrying uncertainty and structural weakness inform depression in world economic growth, commodity prices buoy MENA, says IMF
MENA startups must offer more incentives to attract talent
According to a report published by the International Financial Corporation, entrepreneurs are having difficulty finding qualified labour and must provide more benefits in order to attract prospective employees
Europeans shop for convenience as e-payments skyrocket
Europeans ‘touched to pay’ three billion times in the last 12 months, cementing contactless payments’ ‘growing popularity, says Visa
Challenges in Egypt’s economic recovery remain
According to a report published by Atradius, growth rates are expected to remain subdued due to inflation as well as regional and global economic challenges
Turkey and Egypt: a new opening for rapprochement?
Lack of economic incentive for Egypt will continue to inhibit chances for political reconciliation, says analyst at the Carnegie Foundation
SME financing ramps up in Egypt
Small and medium-sized enterprises (SMEs) have aided Egypt’s economic recovery, but there is still room for improvement, says report by Oxford Business Group
Government continues work on poverty reduction, housing shortage
Recent announcements by governmental officials compound the work already done to provide Egypt’s poor with suitable housing and utilities
15 major Chinese companies meet with Egypt before G20 Summit
Delegations from Egypt and China set to meet before G20 summit in China
Global economic decline poses challenge to Egypt’s development
Despite promises of recovery, faith in IMF policies have been seriously challenged in IMF, WB and WTO reports
Brexit for Egypt: the good, the bad, and the uncertain
While global economic attention is turned to the effects of the UK’s departure from the EU, Egypt stands to gain
EAEF increases financing to $96m in Egyptian startups
Despite Egyptian pound’s devaluation, high poverty, and extreme trade imbalance, SMEs are thriving
MasterCard gives tips on Father’s Day shopping
MasterCard gives advice on how to be a smart and savvy shopper
New acquisition and new CEO for Visa Inc.
Visa Inc. announced the acquisition of Visa Europe and the appointment of Gary A. Hoffman on the board of directors
Brexit sparks fear of increased pressure on Egypt and emerging economies
If Britain chooses to leave the EU, the result may be a greater currency crisis for emerging economies such as Egypt
Egypt LNG arbitration continues despite claims by Petroleum Ministry and Egyptian media
Egypt is still mired in an expensive and time consuming arbitration with UFG for providing natural gas to the domestic market.
Egypt’s deterioration in pictures
Despite the nation’s return to stability, Egypt remains at the brink of economic collapse