By Ahmed El-Wahsh Over the past few days, the Egyptian government has unveiled to the world and surprisingly enough, its own Egyptian nationals, that there shall be a change of its capital state. It will be moving from Cairo to a patch of uninhabited land 50km to the East of the Fifth Settlement. According to …
By Ahmed El-Wahsh With the inauguration of President Abdel Fattah Al-Sisi to the presidential palace, one of the key highlighted sectors that needed up turning and nutriment was Egypt’s economy. On 11 February, the International Monetary Fund (IMF) announced that it had started witnessing a “turnaround” to the Egyptian economy, eight months into Al-Sisi’s reign …
By Ahmed El-Wahsh Central Bank of Egypt (CBE) director, Hisham Ramez took the decision of unexpectedly cutting nationwide interest rates by 50 basis points on the inflation expectation. This decision was implemented due to the current volatility of the crude oil prices per barrel that had been fluctuating, since the organisation of the petroleum exporting …
By Ahmed El-Wahsh After several meetings with different foreign investors to pump  money into the Egyptian economy, Minister of Investment Ashraf Salman opened up several new investment projects, such as the second phase of the Suez Canal and various other opportunities. Hisham Ramez, the Chairman of the Central Bank of Egypt, has taken initiatives to …
