Latest in Tag: Economy Highlight
Latest in Tag: Economy
EBDA seeks to raise EGP 11m to finance Kafa’a project
By Shaimaa Raouf Supporting the Egyptian economy, attracting investment, building human capital… These are the goals of the Egyptian Business Development Association (EBDA) and its professional training programme, according to Ahmed Seda, Director of Programmes for the Association. Seda said that Egyptian workers are not properly trained and thus not competitive with workers in other …
Expectations of worldwide downturn in cotton production
By Inaam El-Adawy The Cotton Exporters’ Association predicts that worldwide cotton production will fall during the 2012-2013 season to 24.9 million tons. In a recent report, the Association attributed the decline in production to the fall of prices during the 2011- 2012 period, which will drive cotton farmers to reduce output this season. The study …
Al-Khabir’s director forecasts revival of real estate market
By Badawy Shalaby Mohamed Saad, director of the Al-Khabir Company for Investment and Real Estate, predicted that confidence will return to the real estate market in the coming period after a period of downturn, expressing hope that the current period of political stability will lead to a full recovery. He said that the Egyptian real …
China’s inflation slows to 29-month low
Beijing (AFP) — China’s inflation slowed in June to its lowest level in 29 months, official data showed Monday, giving the government more flexibility in its efforts to reboot the world’s second-biggest economy. The country’s consumer price index (CPI) rose by 2.2 percent year-on-year in June, the National Bureau of Statistics said, down from 3.0 …
World Bank to subsidie Egyptian pharmaceutical exports
The International Bank for Reconstruction and Development (IBRD) agreed to subsidise Egyptian pharmaceutical companies so that their products can reach European and American markets
Re-establishing Confidence
Richard Banks talks about business in Egypt
IMF ‘ready to support Egypt’ under new leadership
International Monetary Fund is ready to help Egypt to restart growth
Expectations of greater internet use
Shadid: The reliance of politicians on mobile applications and Facebook portends growth