Latest in Tag: Economy Highlight
Latest in Tag: Economy
Contemporary Egyptian nonsense part 2: The riches of Egypt!
So we continue with examining some of those wild ideas and unfounded claims which haunt the minds of many people. We are hoping to do so in a constructive manner with the aim to move beyond the old tales and actually think about something meaningful. Our discussion this week will be about the age old …
Ministry of Finance to fight customs evasion
Government intends to make several changes that will help cut down on customs evasions
HSBC supports local SMEs with EGP 300m fund
HSBC forecasts a modest pick-up in export growth to over 4%
Will Islamic windows be prohibited at traditional banks?
The conference demanded that traditional banks establish independent Islamic banks as a legal entity instead of threatening the work of Islamic banking with traditional banks.
The United Bank Launches ATM Cash Transfer Service
This service is provided to bank clients and non-clients alike, at the 200 ATMs dispersed throughout the country, which operate 24 hours a day, 7 days a week.
El-Beblawi discusses economic cooperation with Emirati counterpart
Al Maktoum has renewed his country’s support of Egypt in order to face current challenges
Ana Hunna: Tweet to support Women Bread Winners
Join the Twitter discussion on Saturday looking at the obstacles that face female breadwinners in Egypt
Local, foreign investors maintain confidence in Egypt potential: AmCham
Several companies announce plans to increase volume of investment.
Economic stimulus plan includes EGP 16bn for investment
EGP 29.6bn package allocates 2.6bn for wages, 6bn for subsidies and 4bn for contractors and railroads
Starbucks latest foreign target for Chinese media
The report on Sunday stated the price of a Beijing latte as CNY 27 ($4.42), compared with CNY 24.25 ($3.97) in London, CNY 19.98 ($3.26) in Chicago and CNY 14.6 ($2.39) in Mumbai.
Mobinil continues to register losses
The mobile operator is still struggling with net losses in the second quarter of 2013
Contemporary Egyptian non-sense part 1: Suez Canal in Pounds!
In modern days Egypt, so many ideas grow out of the blues captivating the minds and souls of the population. Some of these ideas are political, economical, or social. While some fade away fast, others never seem to go out of fashion, surfacing every now and again as if begging to be shot down. Over …
Egypt’s misguided liberals
By Farah Halime, Rebel Economy Questions were already being raised about Egypt’s new liberals and whether they really were as democratic as they claimed to be. But, as Sharif Abdel Kouddous wrote in the Nation recently, “the turning point came on August 14, when the military and security forces brutally cleared the two mass sit-ins in …
IMF studies Egypt’s economy and development
IMF: The political uncertainly Egypt underwent has clouded the economic outlook and impacted the policy performance.
Inflation rises by 1.7% in September
Government continues to fight the constant inflation rates increases
Egypt struggles with flexibility and formality: World Bank
Lack of these traits hindering business growth, report says
Palestinian GDP can expand by a third if Israel lifts limits: World Bank
The World Bank report came about a fortnight after the Middle East Quartet published a plan to revive the ailing Palestinian economy, in an effort to support peace negotiations between Israel and the Palestinians.
Mansour announces two ‘national projects’ on 6 October anniversary
Prime Minister El-Belawi: “Economy is our biggest problem, yet it is our savior.”
Ministers of Finance, Planning and Investment develop economic road map
The Eastern Tobacco Company also announced that it was on the verge of completing the transfer of its factories to the 6th of October City at a cost of EGP 5.5bn.
Construction sector gaining momentum
Several construction companies register profit despite Egypt’s ailing economy
Minister of Finance reassures EFG-Hermes on economy prospects
Minister Ahmed Galal discussed in a conference call with EFG-Hermes the government’s plans to boost economy and encourage investors
The ‘minimum wage’ defeat for ten million
There have been mixed reactions to this week’s announcement of a new public sector minimum total income of EGP1,200 per month to come into effect in January of 2014. Many are unsatisfied – unsatisfied with the EGP1,200 figure, the target of total income and not wage, or the meeting of the social justice objective. Some …
European stock markets stable after Merkel win
Chancellor Merkel’s triumphant conservative Christian Democrats (CDU) won 41.5% of the vote.
Rent boys
By Philip Whitfield Who’d be in the president’s shoes? Adly schleps in the shadows. Morsi shuffles round prison in his. Mubarak hobbles in hospital pumps. Sadat died with his on. Nasser wore his out on socialism’s slippery slope. Who’s got the courage to give the old ways a kicking? The economist Felix Inmonti says rent-funded …
Egypt left vulnerable after Qatari snub
By Farah Halime It was bound to happen sooner or later. Egypt has returned to Qatar the $2bn the Gulf state deposited in Egypt’s central bank after negotiations to convert the money into three-year bonds failed. Though this represents only a quarter of the total funds Qatar has lent or given to Egypt, the decision …
1.190tn in total banking deposits in June: Central Bank
Rise in deposits seen as symptomatic of Egypt’s “economic deflation”
Canadian Egyptian Business Council calls for further exploitation of mineral resources
These statements came during a conference hosted Monday night by the Canadian Egyptian Business Council to discuss the state of Egypt’s mineral resources, which was attended by a number of businessmen with wide-ranging experience operating in the sector.
Ziad Bahaa El-Din: Egypt not in urgent need of IMF loan
Bahaa El-Din stated that the country’s national school nutrition program, which is a part of Egypt’s broader economic initiative, would target those regions and villages most in need of assistance.
Foreign Ministers stress importance of Egypt-Russia relationship
Fahmy congratulates Russian diplomacy following US-Russia agreement on Syria chemical weapons
Inflation rates continue climb in August
Increases in inflation rates from January to August 2013 totaled 9.4% compared to the same period during the previous year.