Latest in Tag: Economy Highlight
Latest in Tag: Economy

Egyptian government has bold vision to develop, digitise its economy: Visa CEO
Migration to digital payments improves lives of individuals, spurs economic progress, prosperity

Egypt complaining about imposition of steel duties, is working to exclude itself from decision: US officials
Negotiations underway to introduce technology, leather products within QIZ agreement

The economy tiring us: What after the presidential election?
There is no alternative to focusing on investment and stopping debt

Egyptian economy now in state of maturity: Azhari
Naaman Azhari, chairperson of BLOM Bank Egypt, inspected the economic conditions and the changes that have occurred in the Egyptian economy during the past period during his annual visit to the bank’s branch in Egypt. During the visit, he stressed that the Egyptian economy is now mature and that it is on the right path. …

Egypt tops EFG Hermes survey as best performing MENA market in 2018
2018 forecasted to be breakout year for FEMs, says Karim Awad

Egypt’s economy to keep growth trajectory alive: Arqaam Capital
External balance continues to improve, current account deficit remains unchanged

Whither international banking?
Fintech likely to reshape competition in global finance as it will increase speed and reduce cost of global payments and transfers, financial inclusion

Over 27m young Arabs will enter labour market over next 5 years: Lagarde
60% of region’s citizens believe nepotism is main factor for finding jobs
Spending on social protection in Middle East represents no more than 11% of GDP

Egypt’s economy will harvest reform fruits in 2018: EFG Hermes
Proposals are still small, we hope for return of emerging market funds this year, says Ebeid We will manage three proposals in Egypt; industry, consumption most attractive for mergers, acquisitions, says Gad Corporate profits grew 70% last year, Egyptian stock prices most attractive for investors, says Shams We study opportunities in regional energy sector; Egypt …

IMF increases Egypt growth forecast to 4.8% in FY2017/18Â
Adressing high levels of perceived corruption key to achieving greater economic efficiency

Banking experts expect economy to boom in 2018
Energy, construction, SMEs will playbiggest role in raising economic growth rates this year

Economic growth, high standard of living depend on SMEs expansion: Abdeen
Banks working to accelerate production, achieve sustainable development by focusing on funding vital sectors such as industry, agriculture, renewable energy

Egypt continues to reap the benefits of rebalancing, reform programme: HSBC economists
Country set out on the process started more thanover a year ago.

Economic experts view Egypt’s economy in 2018 with cautious optimismÂ
For most of the last decade, Egypt has been squeezed between turbulence and uncertainty, and a deteriorating economy. Various challenges had to be addressed, from political unrest and declining tourism to foreign currency and fuel shortages. To correct these structural issues within the economy, the Egyptian authorities adopted an economic reform programme in 2016. Consequently, …

Increasing world debt raises concerns about new global crisis
$233tn world debt may be warning sign of imminent financial crisisÂ

Egypt economy continues to gather strength heading into 2018: FocusEconomics
New investment, industrial licensing laws likely to boost investments

Egypt’s economy continues on an upward track: Oxford Business Review
Unemployment declined to 11.9% by the end of September 2017, its lowest since 2011

Fintech in Egypt: the wheels turn slowly
It appears that businesses and individuals in Egypt need to adapt to the new technology by embracing the paradigm shift in financial activity.

NBK – Egypt targets 20% total growth in 2018: CEO & managing director
NBK Group fully believes in Egyptian market, potential opportunities it offers, promising future ahead, says Hassan

Egypt, Turkey put aside differences to boost business relations
Plans to establish a new industrial zone in Egypt worth EGP 3bn

Winners and Losers since the flotation: what is next?
Next Friday, 3 November, marks a year since Egypt has started its economic reform programme—one that has been the most difficult—to revive the ailing economy and achieve growth rates that reflect on creating jobs, curb unem- ployment, and improve standards of living for Egyptians. At the heart of these bold and cru- el reforms came …

Flotation was boldest decision in history of Egyptian economic, banking sectors
FX up by $17bn, foreign investments in government debt instruments mark $18bn

Banks put women’s economic, social empowerment at top of prioritiesÂ
Initiatives and funding programmes for women led by the CBE in cooperation with the National Council for Women and a number of bodies and banksÂ

IMF delegation embarks on the second review of economic reform programme
The delegation will begin its visit by meeting technical team from the Finance Ministry and the CBE

How Egyptians coped with soaring prices???
Egypt, a country with a population of 90m, where more than 28% of them live below the poverty line, has been struggling with economic challenges and political turmoil since the 25 January Revolution in 2011. In November 2016, the government started to implement the economic reform programme backed by the International Monetary Fund (IMF), which …

IMF, World Bank praise Egypt’s economic reform programme
The IMF and the World Bank praised Egypt’s economic reform programme on the sidelines of the annual meeting of the International Monetary Fund (IMF) and the World Bank in Washington, D.C. Meanwhile, World Bank President Jim Yong Kim said that Egypt’s economic reform programme is moving on the right track at a press conference last …

Positive outlook for Egypt economy as reform plans pay off: BNP Paribas
Ongoing monetary and fiscal reforms have put the economy on the right track

$250m from Germany to support Egypt’s economic reform programme
Germany is ready to extend the finance another year in the case of meeting the economic reforms, says German ambassador

Al-Sisi to meet German economic cooperation minister to discuss cooperation in new economic zones
MĂĽller will meet Nasr to complete discussions on the convening of the Egyptian-German Joint Economic Committee for the coming period

Egypt’s capacity to repay IMF fund adequate, risks remain: IMF reviewÂ
Risks to the programme arise from a still fragile macroeconomic stability and the difficult reform agendaÂ