Latest in Tag: Economy Highlight
Latest in Tag: Economy
Gulf aid bolsters Egyptian pound against the US dollar
Egypt receives aid packages from Saudia Arabia, UAE, and Kuwait
Ten reasons why Egypt is vital to US economy and security
By Juan Cole Whatever the reasons the US public is less excited about Egyptâs ongoing revolution, the country is in fact important to the US. A Pew poll shows that far fewer Americans are following events in Egypt closely now than in January-February 2011. Actually, about the same percentage are following it âfairly closelyâ as …
Government determined to face challenges ahead: Mounir Abdel Nour
Abdel Nour said despite the difficult circumstances the economy is experiencing, the ministry is committed to realising success in order to reach social justice, stability and restore the confidence of local and foreign investors.
More than half of Egypt’s youth want to emigrate for work
The report emphasised that 30.5% of youth have previously migrated without a visa; 80.9% of them had no contracts
Turkey suspends navigational lines with Egypt due to âfinancial constraintsâ
The shipping line, run and managed by the Sisa Shipping Company, connects the Iskenderun port in Turkey to Adabiya in Port Said, was suspended this week.
Economic crisis affects charitable organisations
Egyptian charitable organisation were also hit by the Egyptian economic crisis
Sales of surveillance cameras increase 60%
Experts say that sales of such devices have gone up 60% in the last two years, with prices generally varying from anywhere between EGP 800 and EGP 5,000, sometimes going as high as EGP 20,000.
Prospective government faces daunting energy subsidies reforms
Slashing energy subsidies is one of the requirements set by the International Monetary Fund (IMF)to secure the proposed $4.8bn loan package.
First the push, then the pull
Economies, like relationships, require a good feeling. The best relationships draw you in, and you really enjoy the happiness and value  you get from them. Less good ones can drive you away, and while you get something out of them, you are not very drawn into them. Economies are kind of like that. Some pull …
Budget transparency essential to economic recovery: report
The research, titled The Illusion Dispelled, was focused on identifying the economic predicaments and policy shortcomings that lead to the national economic crisis.
Arab aid inbound
Aide to the Minister of Planning: Financial aid received from Arab countries will begin to be converted next week
Is the military good for Egyptâs economy?
By Farah Halime, Rebel Economy Thatâs a question I put to around a dozen Egyptian businessmen over the weekend, all of whom responded with a resounding âYesâ. Here are some snippets of conversations I had with a few of Egyptâs business community over the weekend (some appeared in this story for The National newspaper): Nassef Sawiris, billionaire …
Egypt to receive $4bn in aid from Kuwait
$12bn total aid pledged by Gulf states should assist Egypt’s beaten economy if properly used, experts say
Annual inflation soars to 9.8% in June
Financial experts predict inflation levels to further accelerate in the coming months if political instability persists
Egypt ranked 108th in terms of innovation
Report cites poor health of manufacturing sector
Tourism sector on unstable ground
Some countries warn their citizens against visiting Cairo due to the unrest
Egyptians work to bolster economy
AmericanChamber of Commerce in Egypt tries to convey a correct image of Egyptâs unrest, while others call of boycotts of American goods
Information, not democracy, is necessary for a strong economy
How democratic last weekâs events in Egypt were will continue to be debated. Democratic or not, this is an excellent opportunity to set the economy in a better direction. Information will be critical for improving the economy. It will also give credibility to these events as being part of a democratic process. Democracy is not …
Expertâs expectations from the new government
The Daily News Egypt spoke to Egyptian economy experts to gain their insight on how the new government should manage the current economic crisis.
Foreign reserves shrink in June
Debt payment, fuel shortages, and stockpiling of food before Ramadan contribute to the drop
Economic researchers express fear over the economic future
Bank of America Merrill Lynch Global Research described the transition in a report as having created a âconcerning precedent, although the subsequent roadmap is broadly in line with demands from the secular opposition, in our view.â
US aid unnecessary: expert
Economic expert says US aid is “worthless” compared to Egypt’s GDP
Fitch cuts Egyptâs credit ratings from B to B-
The global rating firm could further downgrade Egyptâs credit rating, as outlook is already negative
Three-year transition to inflict long-term damage to economy: experts
Regarding Egyptâs request for a $4.8b loan from the International Monetary Fund (IMF), Toulba said negotiations will definitely be put on hold given the current lack of clear political leadership.
Egyptian pound stabilises against the dollar at 7.04 despite massive protests
Experts: the stability of the pound is âtemporaryâ due to bank closures and low demand on banks
Achievements: One Year in Power
A year of achievements in the balance
Investment minister: Problems faced by Arab investors in Egypt âend Sundayâ
Yehia Hamed sits down with Saudi investors to discuss resolution of longstanding issues, new investment incentives
Experts predict higher inflation rates amid unchanged interest rates
Rising summertime prices and devaluing currency drive ongoing inflation
EU aid to Egypt under attack
Minister of Planning and International Cooperation Amr Darrag discussed a âŹ200m grant to support Egyptâs public budget (currently running a 10.6% of GDP deficit) with EU delegation head James Moran
Op-ed Review: Egyptâs general budget
Economist Mahmoud Al-Khafif addresses the 2013-2014 budget and the current economic policies of the government. Balancing between the rich and the poor Mahmoud Al-Khafif Al-Shorouk Newspaper Egypt’s national budget is an indicator of governmental policies, economist Mahmoud Al-Khafif believes. For example, Al-Khafif writes, if the government chooses to pursue loans to remedy the budget for …