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Egypt looking to mend economy with energy moves

  By Oxford Business Group Egypt has been making impressive progress in straightening up its balance sheet in recent months. Steep cuts in energy subsidies coupled with a drop in world oil prices have given the Middle East’s most populous country some fiscal breathing space, following three years of increasing budget deficits, mounting debt and …

Daily News Egypt

Despite difficult challenges, Egypt has a considerable economic upside

By Mohamed A. El-Erian Already struggling to meet citizens’ legitimate needs and aspirations, the Egyptian economy has suffered a series of additional setbacks in recent years. So much so that, for the first time in many years, the population has had to cope with power cuts, shortages of goods, and partial controls on foreign exchange. …

Daily News Egypt

Euromoney Conference: Egypt’s economic summit under the microscope

The business and financial community awaits the Egyptian government’s economic plans to be revealed during the Sharm El-Sheikh summit to be held at the end of 2014 or early 2015. The plans are expected to involve procedures correcting Egypt’s economic path amid the government’s efforts to restore international and local market in the economy. Egypt’s …

Mohamed Ayyad

Migrants: A treasure for Egypt

By Omar Khedr For its 2014 forecasts, the World Bank predicts that Egypt’s economy will grow by 2.4% followed by a further 2.9% expansion in 2015. Endowed with a young population, Egypt has a strong potential to kickstart its economic development programme. In fact, Goldman Sachs – one of the largest investment banks in the …

Daily News Egypt

Misunderstanding Africa

By Robert Tashima   Gold, oil, timber, cocoa: these four words could sum up the essence of African economic development over the 20th century. Investors dug mines, brought in derricks, and chopped down trees, but with few exceptions that was largely it. The impact of this was significant. Per capita GDP declined in the 1980s, …

Daily News Egypt