Latest in Tag: Economy Highlight
Latest in Tag: Economy
Protective measures will limit pressure on lower classes: Al-Sisi
In the second part of a two-part interview, Al-Sisi included similar rhetoric from previous speeches, ranging from praising national projects, denying the negative effects of foreign loans on lower classes, and defending the army’s role of the army in the economya
Egypt’s parliament and expectations for legal reform: franchising law
Private sector development is still a huge challenge for Egypt’s economy. The business climate should be one of the prime targets for the government, particularly as Egypt dropped down in the Doing Business ranking for 2015–2016. There could not be a better time to take the necessary legal steps to improve the business climate in …
South Korean president issues pardons to lift the economy
The South Korean president has granted pardons to thousands of people who’d been convicted of crimes. Among them are many businessmen, who were called upon to contribute towards kick-starting the economy.
German economy logs moderate growth
While losing some of its previous momentum, the German economy is still in a robust state, logging higher-than-expected growth in the second quarter. Exports and private consumption were behind the expansion.
Zambia’s battered economy resonates on election
As Zambians head to the polls on Thursday, tough economic times will be on the minds of most voters. Inflation is high and prices of commodities have gone up.
The Economist article is void of objective analysis of Egypt’s economy: Foreign Affairs spokesperson
It is obvious that The Economist has chosen to take sides with those bent on undermining Egypt, says Abu Zeid
China trade performance slumps
China has logged worse-than-expected trade figures for July, with both exports and imports falling sharply. The world’s second-largest economy is feeling the pinch of lackluster domestic demand and mounting debt.
Cairo’s economic fog
Al-Sisi appears to lack fundamental understanding of the potential economic and political damage that a soaring US dollar can do to a mangled Egyptian economy
Government has not lost faith in economy, confident it will get better: Finance Minister
Egypt aims to develop manufacturing, agriculture, and tourism sectors
IMF loan best solution for Egypt at the moment: banking leaders
Egypt needs this particular loan in light of the suffering economy, says El-Qosayer
Interest rates for deposits set at 11.75%, lending at 12.75%: Monetary Policy Committee
The committee’s decision comes in an effort to control the rising rate of inflation which reached a record high of 14.8% in June
IMF welcomes cooperation with Egypt to fund economic programme
It is hoped that this will achieve stability in Egypt’s financial markets, as well as realising targeted growth rates.
In Cartoon: The actual trickle-down effect
Japan promises huge stimulus package
The Japanese government has said it’ll compile a huge stimulus package to kickstart the Asian country’s flagging economy. The announcement put more pressure on the Bank of Japan to increase monetary easing.
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
China’s growth steadies while still raising concern
Amid concern that the Chinese economy would slip further, second quarter data shows that it may have found its footing. But analysts are plenty worried about the reliance of state intervention to uphold growth.
Economy is government’s top priority: Kabil
Higher Investment Council headed by Al-Sisi to review all investment laws and procedures
Pace of borrowing will not fall, no alternatives to further external debt: experts
Current pace of borrowing will drive external debt over safe limits within two years; the government lost $100bn of investments at Sharm El-Sheikh conference, says Prime Holding economist
Beijing’s long-awaited status update
Until now, China has forgone being titled a market economy, a matter far beyond semantics. It believes the time to change this has come. But it still has to convince the EU of the same – either through talks or threats.
Restoring the economy’s ability to deliver prosperity
The Sustainable Development Goals must become the yardstick for judging inclusive growth
Are Egypt’s economic reforms enough to solve the informal economy problem?
Egypt’s informal economy has grown as a result of dysfunctions in the formal economy, which lacks dynamism, flexibility, and resilience
In Cartoon: Egypt’s debt burden
Brexit – the end of globalization?
It is still unclear how the UK will split from the European Union. But the Brexit vote is already a setback for advocates of free trade. This could affect millions of people in the world’s poorest countries, say experts.
UK’s growth to decrease 0.5% in 2016 following Brexit: FocusEconomics
The FocusEconomics consensus expects the UK economy to grow 0.3% in 2017
German unemployment falling further
Joblessness in Europe’s biggest economy has never been lower in more than a quarter century, dropping below 6 percent for the first time since June 1991 as healthy economic growth causes companies to continue hiring.
Germany seeking to boost investment in Greece
Germany’s Vice Chancellor Sigmar Gabriel is embarking on a three-day trip to Greece, where he is expected to focus on intensifying bilateral trade and investment partnership amid the fallout from Brexit.
Indonesia launches tax amnesty to boost economy
Indonesia has introduced a tax amnesty as the government hopes to lure back capital parked abroad by wealthy citizens. But the measure has faced criticism from people unwilling to let evaders off the hook.
New report on Egyptian economy paints bleak picture unless reforms made
The report reviewed the economic reform programmes that were launched prior to the 2011 revolution, as well as the policies adopted by the post-revolution governments
4.4% growth in GDP forecasted for FY 2016/17 in Egypt: World Bank
$35bn accumulated in direct and indirect losses from war in Syria and advance of IS in MENA region
Chinese companies aim for German ‘targets’
As China looks to gear up towards a high-tech economy, it has set its sights on Germany’s well-placed firms. But the rapid rise in foreign investment, stemming in part from the Chinese government, has caused concern.