Latest in Tag: Economy Highlight
Latest in Tag: Economy
Incentives to attract companies away from the grey economy
Ministry of Investment uses incentives to divert grey economy into formal economy
Critical week for return rates on banking sector bonds
Furious competition in Egypt’s banking sector as banks race to raise interest rates on bonds
Shura Council seeks national consensus on sukuk
New draft law for sukuk aims to help the Egyptian economy recover and generate more investment
US ambassador: Egypt “needs much more” to complete democratic transition
Patterson outlines what is needed to complete Egypt’s transition
Personal loans increase as inflation and price of goods rise
The value of personal loans made in November 2012 increased by EGP 900m from the month of October. The total value of loans in local currency was EGP 111.2bn for the month of November 2012, as opposed to EGP 110.2bn in October 2012. During the same period, loans made in foreign currency increased from EGP …
Who bears the cost of increased security—Banks or private firms?
Banks have already doubled the value of their contracts with the Ministry of Interior to pay for increased security at their branches
Egypt’s economic sectors see weak levels of funding growth
Central Bank report shows bank loans made in Egypt in November jumped only EGP 2bn
Open sesame
By Philip Whitfield “Iftaḥ ya simsim” Ali Baba says, and the mouth of the cave concealing the 40 thieves’ treasure opens wide. The poor woodcutter becomes antiquity’s biggest Lotto winner. We grow up on myths, glorious fiction, and eternity’s morality story of hope’s triumph over melancholy. The best tales have a beautiful leading lady, a …
Tourism in the news: Tourism pays the price for violence
Egypt’s economy relies heavily on its tourism sector that has been struggling to survive since the uprising of 25 January and subsequent events in the country. Once a month DNE rounds up the most significant news relating to tourism to give you an overview of the efforts that are being made to bring tourists back to the country.
Tourism in the news: Commission to audit Tourist facilities and quarries in the Red Sea
Egypt’s economy relies heavily on its tourism sector that has been struggling to survive since the uprising of 25 January and subsequent events in the country. Once a month DNE rounds up the most significant news relating to tourism to give you an overview of the efforts that are being made to bring tourists back to the country.
Tourism in the news: 14 Qatari companies consider tourism investment opportunities in Egypt
Egypt’s economy relies heavily on its tourism sector that has been struggling to survive since the uprising of 25 January and subsequent events in the country. Once a month DNE rounds up the most significant news relating to tourism to give you an overview of the efforts that are being made to bring tourists back to the country.
Tourism in the news: EgyptAir signs cooperation agreement with Palestinian Airways
Egypt’s economy relies heavily on its tourism sector that has been struggling to survive since the uprising of 25 January and subsequent events in the country. Once a month DNE rounds up the most significant news relating to tourism to give you an overview of the efforts that are being made to bring tourists back to the country.
Tourism in the news: Aviation minister conducts discussions with presidents of several companies
Egypt’s economy relies heavily on its tourism sector that has been struggling to survive since the uprising of 25 January and subsequent events in the country. Once a month DNE rounds up the most significant news relating to tourism to give you an overview of the efforts that are being made to bring tourists back to the country.
Tourism in the news: Egyptian company Al-General looks to spur investment in Sudan
Egypt’s economy relies heavily on its tourism sector that has been struggling to survive since the uprising of 25 January and subsequent events in the country. Once a month DNE rounds up the most significant news relating to tourism to give you an overview of the efforts that are being made to bring tourists back to the country.
Rebel Economy Wrap
Breather rather than a new equilibrium
What you need to know about Sukuk
What is the different between Sukuk and bonds?
Egypt’s media outlets owe EGP 10bn in arrear back taxes
Al-Ahram accounts for lion’s share of debt, owing EGP 5.85bn
Egypt’s Central Bank agrees to sell both BNP Paribas and NSGB
The Central Bank of Egypt (CBE) agreed to plans discussed last week to sell both BNP Paribas and National Société Générale Bank (NSGB)
Steel prices surge, traders call to remove tariffs
The rise of prices is also reflected in all other products in the Egyptian market, especially imported ones
Egypt seeks to meet energy needs
EGPC is seeking to buy 968 thousand tonnes of diesel to be delivered between April and June
Review: Columnists debate Morsy’s poor performance
Several columnists have denounced Morsy’s recent visit to Germany as an example of his failure to consider the deteriorating political situation in Egypt, criticising his decision to visit Berlin amid the political uproar. Some highlight that many Egyptians regret their choice of Morsy as president. The failing trip to Germany Mohamed Salmawi Al-Masry Al-Youm …
A reform package for the Islamic banking and finance sector proposed for the new year
The goal of the package is to create an environment conducive for Islamic banks to operate
Google: Digital GDP has reached EGP 15.6bn in 2011
In 2012 the number of Egyptians online reached 31 million, or 38 per cent of the population. 45 per cent of those were connected through portable devices.
Review: Commentaries advise government to prioritise duties
Columnists condemn the poor performance of Hesham Qandil’s government in the wake of a series of sad incidents that took place last week. Some writers are asking the cabinet to pay extra attention to the basic needs of the poor, instead of focusing on endless internal political disputes. What does the poor want from …
Reasons for optimism in 2013
By Moustafa Menshawy Cairo – If you live in Egypt, there are many reasons to feel politically, socially and economically pessimistic. Political wrangling and polarisation keeps the country on the edge of civil unrest. Unemployment and poverty grow amid a stagnant economy, insufficient investment and a fragile tourism industry in shambles in the post-revolutionary scare. …
Blame the ‘OmniOpposition’
This OmniOpposition is labelled as such because, it seems, it is everywhere – and does everything
Asset Recovery Taskforce addresses repatriation of foreign funds
Taskforce says process will be lengthy, recovered funds will not ‘save economy’
Steel jumps to EGP 4,900 a tonne and cement drops to EGP 460
Importers call on the Ministry of Industry to cancel newly imposed anti-dumping duties
Egypt’s central bank chief resigns
State television had announced his resignation last month, which was quickly denied by the government
Editor’s letter: Egyptian economy: Fixing a mud house in the rainy season
Fixing a mud house in the rainy season