Latest in Tag: Economy Highlight
Latest in Tag: Economy
Egypt successfully secures $12bn IMF loan, to be repaid over 10 years at interest rate of 1-1.5%
The economic reform programme is by the Egyptian government for the Egyptian people to help the Egyptian economy, says Lagarde
Will Egypt follow the example of Brazil or Argentina in dealing with the IMF?
Following the implementation of all of the International Monetary Fund’s (IMF) preconditions for the three-year, $12bn loan Egypt is bent on receiving, the government submitted a letter of intent to the IMF executive board two days ago. A letter of intent outlines one or more agreements between the two parties before the conclusive agreement is …
Bright future for economy, critical for stock market, high interest rate is temporary: Prime Investment
Prime Investment bank said that floating the national currency is a great step that would push Egypt’s economy forward by eliminating the informal market and creating one price for foreign currencies, combined with decisions by the Supreme Council for Investment to help boost investments in Egypt. The bank believes that the supply of US dollars …
Private sector acquire 59.5% of total credit facilities granted by banks to customers through July: CBE
Deposits increase by EGP 15.4bn, including EGP 12.8bn in local currency
Giza Chamber of Commerce rejects cabinet decision to form profit margin committee
For Egypt’s economy, which is a free market economy, forcing compulsory quotations and pricing for goods is a step backwards, says first secretary
Israel to launch projects in Egypt to help its ‘fragile economy’: Israeli newspaper
The Israeli report said that Israel will assist Egypt with several large-scale projects, including solar energy and irrigation
Egypt’s unpaved road to austerity
“Just as we should never balance the budget on the backs of the poor, it’s an economic delusion to think you can balance it only on the wallets of the rich.” This seemed to be the beautified confession that the then UK chancellor of the exchequer and austerity guru George Osborne made to the Conservative …
Social protection programmes target poorest 10% of the population: Ghada Wali
We are studying ways with the Ministry of Finance to increase the number of beneficiaries of the dignity and solidarity programme, says Social Solidarity Minister
Egypt’s banking sector is strong and capable of supporting economy, providing funding for projects: banking leaders
Positive effects from the IMF deal can already be seen, says Ozalp
Government shrinks role of private sector, relies on itself to reform economy
Decline in private investments to 51% in the reform programme; government controls 53% of bank loans since beginning of the year
Parliament’s ICT Committee studies a legislative framework for sharing economy
The mobile market is going through a radical change, said Al-Batran
A survey of western opinion on Egypt’s plans for reform
Egypt’s current economic troubles and reform efforts have been the main topic of discussion in a slew of articles recently, many of which pin the blame on the country’s ruling regime, such as Bloomberg’s “Egypt’s Failing Economy is Sisi’s Fault”. The government, however, is not only battling against the challenges of the present, but also …
Lack of clear industrial strategy, US dollar appreciation threaten to stop production
US dollar crisis facilitates flourishing of informal economy, says exporter
Promises of reform: a story that could end happily, or in disaster
Prime Minister Sherif Ismail and the government have promised a litany of political and legislative reforms that would be implemented in the short term to develop Egypt’s economy and pull it out of its poor state. Debates over the Civil Service Law, the value-added tax, the investment law, as well as the budget deficit, trade …
2016: an opening for Egypt’s economy to recover or an entryway into a dark tunnel?
International lending is threatened with the fate of Gulf aid, which failed to heal Egypt’s economy
Egyptian economy has enough resources, potential to become among world’s most powerful economies: AIB chairperson
We are optimistic about the future of the Egyptian economy, especially following the government’s recently-adopted reform measures, says Seif Al-Nasr
Egypt’s economy growing at good pace, investment incentives will enhance growth: HDB chairperson
The Egyptian market is large and diverse; Arab and foreign investors want to enter into it because they realise it is promising
Egypt’s future depends on increasing domestic, foreign investment: United Bank chairperson
The Egyptian economy is a war economy; all Egyptians should stick together to safely overcome this stage, says Elkady
Italy, the sick man of Europe?
Nearly half of Italy’s population wants to leave the EU, the country’s economy is among the worst in the eurozone. Can the government solve this? Sandro Gozi, European Affairs Minister, is on Conflict Zone this week.
Egypt: the emerging capital of Arab fashion
Several security-related incidents have had a substantial impact on Egypt’s tourism industry as of late. However, the country now seems to believe that these incidents are over and done with, and President Abdel Fattah Al-Sisi believes that the tourism industry is about to rebound. With the tourism industry set to rebound, we take a look …
Flawed industrial policies slow manufacturing sector growth rates
Professor Amirah Haddad’s research presents short-, medium-, and long-term proposals for industrial policy changes
G20 leaders meet in China to tackle economy, environment
The leaders of the world’s most important nations are in China this weekend for the annual G20 meeting. Among the hopes for this year’s summit: New China-US joint commitments to fight climate change could be on the menu.
Italy’s PM Renzi asks for time
At the annual Ambrosetti Forum gathering of elites at Lake Como, Italian PM Renzi told political and economic influentials that Italy needs more time to reform.
Chinese finance institutions immerse into Egypt’s economy, pump dollars into market
86 Chinese companies have invested more than $1.1bn in the Suez Canal area, says CCTV
SMEs may be the key for a better Egyptian economy, but does the government care?
Small- and medium-sized enterprises (SME) may be the best solution for Egypt’s poor economic state. SMEs have the ability to provide a large number of jobs to subdue unemployment and produce important products. In May, the executive manager of the Egyptian Banking Institute (EBI) Mona El-Baradei said that the number of SMEs in Egypt constitutes …
In Cartoon: The value-added tax threatens to cut off the hands of Egypt’s citizens
Oil, gas and the ‘long transition’ to a low-carbon economy
Oil and gas industry representatives are gathering in Norway for the biennial ONS energy conference. Conference Committee Chair John Knight talks to DW about the role of oil and gas in a transitioning energy economy.
In Cartoon: Is the IMF loan a trap?
The feasibility of Egypt’s IMF loan
On 11 August, the International Monetary Fund (IMF) announced that it had reached an initial agreement with Egypt to lend the country $12bn over a three-year period, joining Iraq, Tunisia, and Jordan in taking money from the Washington-based fund. Egypt’s programme is likely to see the government of President Abdel Fattah Al-Sisi move toward a …
German economy expands amid budget surplus
The German economy has logged another quarter of expansion, the National Statistics Office has confirmed.