Latest in Tag: Economy Highlight
Latest in Tag: Economy
Economy, general budget are victims of corruption
The cost of corruption in Egypt amounts to EGP 900bn, according to experts
Has Al-Sisi put Egypt’s economy on the right track?
On the occasion of Al-Sisi’s two-year anniversary as president, Daily News Egypt looks at the circumstances of different economic sectors two years after Al Sisi’s rule, what has been accomplished, and the obstacles that threaten the stability of his rule
Amazon adds billions to Indian investment
Amazon chief executive Jeff Bezos has pledged an additional $3 billion (2.6 billion euros) in investments in India, banking on exponential growth in the online shopping sector in the Asia’s third largest economy.
Despite insecurity, the banking sector remains stable: Moody’s
Moody’s did not upgrade Egypt’s credit rating, but gave a positive outlook owing to stable short- and medium-term indicators
Niger Delta crisis escalates
Nigeria’s oil-dependent economy is under siege from militants who are targeting oil and gas installations in the Niger Delta. President Muhammadu Buhari is to make his first visit to the region this week.
Careem hires 2,000 new drivers monthly, demand for service increases by 60% per month
The company has brought more than $70m worth of direct foreign investments to the Egyptian economy
Greek minister: ‘We’re half-hearted’ on some austerity measures
Can Greece deliver on its promises this time? Michel Friedman interviews Nikos Pappas, Greek Minister of State in Alexis Tsipras’ government.
Weak US job figures add to market uncertainties
Fresh figures have shown the US economy has added far fewer jobs than expected by analysts. While non-farm payrolls increased, the figure wasn’t impressive enough to suggest the Fed would raise interest rates in June.
Egyptian ministers praise Egypt-Saudi cooperation
Several cooperation agreements are expected to be signed during King Salman’s visit
Mauritanian president arrives in Cairo for first official visitÂ
Abdel Aziz to meet with Al-Sisi and people in business
Suez Canal Development Project will save Egypt’s economy: Safety Link chairman
Egyptian delegation to FIATA World Congress will promote canal projects, says Ahmed Mostafa
German exports hit new record high
Despite a slowdown in the global economy, German exporters have been able to ship more goods abroad than ever before. A brief December dent was not enough to spoil the party over record-breaking full-year trade figures.
Decision to propose capital increases for 2 banks on EGX is governamt’s most impotant in recent years
Chairman of the Egyptian Exchange (EGX) Mohamed Omran said the government’s and the Central Banks of Egypt’s (CBE) decision to increase capital of two banks through the stock exchange is considered one of the most important economic decisions made in Egypt during the recent years. The statement was part of Omran’s speech in the opening session of …
Economic, political stability improved in Egypt: UN World Economic Outlook
Policymakers around the world still face enormous challenges in stimulating investment after the economic crisis
Amer presents to Al-Sisi CBE efforts to stabilise prices, secure staple goods
The CBE governor met with the president to discuss the programme developed to achieve macroeconomic stability
UN releases 2015 Human Development Index
Human Development Index ranks Egypt 108th in its 2015 report
How protests and a blockade are crippling Nepal’s economy
Nepal has lowered its economic growth forecast from six to two percent as a result of strikes, violent anti-constitution protests in the southern plains, and an unofficial trade blockade imposed by India. DW examines. In a televised address on Tuesday, November 24, Nepali Finance Minister Bishnu Prasad Paudel indicated that the heavy shrinking of economic …
Fed chair denounces proposed law as ‘grave mistake’
Federal Reserve chief Janet Yellen has warned Congress against passing a law that would require interest rates to be set based on a mathematical rule. Legislators just don’t know enough about the economy, she said. After American legislators from both parties called for the Fed to be subject to tighter controls, Yellen on Tuesday wrote …
Rockefeller Fund: ‘The oil age is coming to an end’
Stephen Heintz, president of the Rockefeller Brothers Fund, explains to DW how it makes perfect sense that a fund which got rich on oil is now divesting from fossil fuels. With its announcement to pull out of oil and coal, the Rockefeller Brothers Fund shifted nearly a billion dollars of capital out of fossil fuels …
Afghans losing confidence in new government, survey says
More Afghans than at any time since 2004 feel their country is moving in the wrong direction, a new survey found. Insecurity, graft, a struggling economy and Kabul’s ability to tackle key issues top the list of concerns. The nationwide survey, published by The Asia Foundation on Tuesday, November 17, shows that Afghan optimism about …
How joining the WTO could impact Afghanistan
After nearly 11 years of negotiations, Afghanistan and the World Trade Organization (WTO) have finally agreed on the country’s terms of accession to the global trade body. But will this help revive the flailing economy? “Our country’s accession to the WTO will serve as a catalyst for domestic reforms and transformation to an effective and …
Germany’s ‘wise men’ urge lower wages for refugees
Berlin’s top economic advisers have recommended suspending the country’s minimum wage requirement to make refugees more attractive to employers. Easing access to the job market will help them integrate quicker, they say. The German economy is strong enough to stem the costs of the refugee crisis, the country’s economic “wise men” said in their annual …
Sluggish output adds to China’s woes
China continues to be stuck in an economic rut, new data released on Wednesday suggested, as a number of key activity indicators painted a discouraging picture of the state of the world’s second-largest economy. Industrial production fell to a six-month low in October, the National Bureau of Statistics (NBS) reported, with output at factories, workshops …
German factory orders slump for third month
German industrial orders, a key measure of demand for goods in Europe’s biggest economy, fell again in September. It was weighed down by declining demand from countries that use the euro. German industrial orders slumped for the third consecutive month in September, sending a warning signal about the outlook for Europe’s largest economy. The Federal …
Egyptian economy improving amid challenges: Moody’s
Although government financing needs remain large, Moody’s expects economic reform will help reduce fiscal deficits and government debt
China announces further stimulus amid slump
The People’s Bank of China has cut interest rates for the sixth time since November as the drooping economy shows few signs of picking up any time soon. This comes as leaders are expected to lower China’s growth target. China’s central bank on Friday announced further stimulatory steps to jumpstart its flagging economy, cutting interest …
Sieren’s China: No boom, no crisis
China missed its growth target of 7 percent in the last quarter. But the Chinese economic downturn is not doing any harm to the German economy, says DW’s Frank Sieren. It took us months to get used to the new times in China, but some still winced when Chinese economic data for the third quarter …
INTERVIEW-Halal food standards too complex-Nestle
Demand for halal food is growing but confusion surrounding global standards is hindering the industry’s potential, said an executive at Nestle, the world’s biggest food group. Aiad Al Khatib, head of corporate regulatory and scientific affairs at Nestle, said that standards for what is halal, or permissible under sharia law, need to be aligned, clarified …
Greece increases entry fees for historic monuments
If you plan to visit archaelogical sites in Greece next year, expect to pay more. It will soon cost 20 euros to visit the Acropolis and other famous sites in Athens, instead of the current 12 euros. Entry fees will also be increased for other places of historical interest. A ticket to enter Knossos, the …
Egypt takes actions to trim budget deficit
Government is seeking loans, private sector investments, and to increase tax base to address budget gap