Latest in Tag: Economy Highlight
Latest in Tag: Economy
Eurozone economy grows at unspectacular rate
The 19 nations sharing the euro have logged a moderate GDP growth rate for the first quarter. Analysts were quick to point out that economic expansion was a lot faster than in the US, the world’s largest economy.The euro area economies booked a combined expansion rate of 0.5 percent in the January to March period, …
Greek economy slides back into recession
A first-quarter estimate by statisticians has suggested the Greek economy has slipped backed into recession. The cash-strapped southern eurozone nation is facing fresh spending cuts – and more protests by workers.Greece’s national statistics office, Elstat, announced Monday its preliminary figures saw the euro area nation slither into recession again in the January to March period, …
Egyptâs economy seems to be gradually picking itself up: Focus Economics
Purchasing Managersâ Index rose in April to its highest levels in 9 months
Government targets 4.6% economic growth in coming fiscal year
Total investments worth EGP 646bn, and the private sector share is 55%
The heritage of economic citizenship: aârefugeâ for advancement
A lot of unnecessary energy has already been expended on Egyptian television arguing over the planned reforms ofresidency and naturalisation procedures, with accusations of treason flying both ways. The idea is that you get a five-year long residency if you stash a lot money in the bank that the government will then spend and invest …
Economic challenges a result of previous governments fears: Al-Sisi
The countryâs sustainable development projects will be finished by 30 June 2018, the president claimedÂ
Flotation will allow Egypt to be competitive tourist destination once again: Samih Sawiris
Tourism promotion campaigns will make a difference if done with the participation of sectorâs experts
Financial conditions deficient as economic activity slows down in Q3 of FY 2016/2017: PharosÂ
Pharos Holdingâs FCI has revealed that the GDP decline was expected, given the decline in sales volume in several economic sectorsÂ
GDP growth to slow, reach 3.9% in FY 2017/18: World Bank
Growth expected to accelerate to 4.6% in FY 2017/2018 and 5.3% in FY 2018/2019
Al-Sisi announces 2017 as âYear of Egyptian womenâÂ
The president emphasised womenâs central role for the future of Egypt
Greeks still hostile to reforms despite economic depression
Since Greece’s debt crisis exploded in 2009, creditors have demanded deep governance reforms. Greeks have so far resisted. In their eyes, there are good reasons for that resistance, reports Miltiades Schmidt.From the perspective of Greece’s creditors, it’s very hard to understand why the country clings to what they see as fossilized, corrupt and inefficient administrative …
Egyptâs foreign exchange reserves to reach $28.5bn by March: CBE
Egypt expects the second tranche of a $12bn IMF loan by May
Economic agenda dominates Al-Sisiâs first day in Washington
Egyptian ministers praise the meetings as successful
Indian-Egyptian economic relations seminar highlights cooperation between both countries
The âIndia-Egypt Economic Engagementâ seminar, in the presence of the Indian ambassador, discussed the current and potential investments and trade relations between both countries
The best thing to do is to save your money at a fixed rate by investing in real estate: El-Shinnawy
We are committed to deliver high-end projects and a quality of that serves all family members: El-Shinnawy
The Egyptian real estate market: a future between skyrocketing prices and fear of recession
Daily News Egypt has obtained data from Aqarmap, the real estate search engine, regarding land prices in Greater Cairo
Egypt’s IMF programme to support fiscal, external positions: Moody’s
While Egypt’s IMF programme will support gradual improvements to the countryâs fiscal and external position, its social and economic costs risk slowing the pace of fiscal reform, Moodyâs Investors Service said in a report on Wednesday. âThe implementation of the targets of the IMF programmeâincluding reductions in fiscal deficits and government debt levels, as well …
Robust economy likely to nudge US Fed to hike rates
Positive economic conditions, marked by falling unemployment and accelerating inflation, have increased the odds of the US Federal Reserve raising its benchmark interest rates at its ongoing policy meeting.The US Federal Reserve (US Fed) on Tuesday began a two-day policy meeting, during which it is widely anticipated to hike its benchmark interest rates by a …
FX is not only indicator for assessing economy: Arqam Capital
Most of the foreign exchange (FX) flows to banks are being directed to alleviating longstanding pressure on the corporate and household sectors to spur economic activity and reduce inflationary pressures, while meeting the demands of foreign companies and investors for repatriation. According to Arqam Capitalâs report âThe Devil in the FXâ published in February, the …
EBRD allocates 1.5bn euros for SME projects in Egypt
The bank targets to develop the environment for small companies to invest and improve
Egyptian economy to improve in 2017âs initial months: FocusEconomics
Investment expected to grow by 4.5% in FY 2016/2017 and 5.3% in FY 2017/2018, says report
The governmentâs economy and the peopleâs economy
It is now clear, as time goes by, that we are talking to, criticising, and offering solutions to an unworthy government that unfortunately treats us the way an Egyptian employee deals with Egyptians. Of course, I do not have to explain to you how Egyptian employees function in Egypt. This shows how the government is …
Germany pledges $500m to support Egyptian economy
The support will come in the form of grants and concessional funds: Reuters
Ministry of Trade and Industry approves 226 new industrial projects with EGP 8bn investments
Positive indicators reflect ministryâs strategy to promote development until 2020: Kabil
Egypt will surpass Canadaâs and Italyâs economies by 2050: PwC
A report by the economics and policy team of PricewaterhouseCoopers (PwC), one of the worldâs largest multi-national professional services firms, predicted that Egyptâs economy will surpass Canadaâs by 2050. âBy 2050, emerging economies such as Indonesia, Brazil, and Mexico are likely to be larger than the UK and France, while Pakistan and Egypt could overtake …
Political complexities
The local and international relations between different political forces are always controlled by power centres. States are no longer the only international political entities; today, large corporations and international non-governmental organisationsâusually backed by powerful countriesâalso have international influence because of their huge financial capabilities, some of which easily exceed numerous countries’ budgets and GDPs. This …
Industry Minister meets Japanese Ambassador to boost economic cooperation
A delegation of Japanese food industry companies to visit Cairo next month
Egyptian economy is gaining momentum: Bank of America Merrill Lynch
With the trade in Egyptian Treasury bills (T-bills) gaining ground, the witnessed drop in T-bill yields at auctions is an indication of the increasing foreign investor participation and is providing support to the USD/EGP trade with a better tone, according to Bank of America Merrill Lynchâs February insight report. The report cites the unofficial announcement …
The drop in T-bill yields at auctions reflects increasing foreign investor participation, Bank of America
In a study issued by Bank of America Merril Lynch about Egyptâs economy, the bank stated that the carry trade in Egyptian Treasury Bills (T-bills) is gaining ground. It added that the drop in T-bill yields at auctions reflects increasing foreign investor participation and is helping USD/EGP trade with a better one. In a press …
India aims at boosting economic ties with Egypt
Under the umbrella of President Al-Sisi’s visit to India in September 2016, economic bilateral relations between both countries saw a more friendly approachÂ