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Government drafts document obliging Toshka development companies to finish within 3 years or face land withdrawal
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 …
Government seeks to restore the confidence of international markets in Egyptian economy and gain support for economic reform programme
Government conducts broad international talks to revive confidence in Egyptian economy threatened by political turmoil
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, …
Prices jumped 1% for returns on treasury bills in the hours after central bank raised the interest rates by same amount
Government moves to save the textile industry in view of governmental failure to recognise huge losses incurred
By Evline Meshreky A blog published by the World Economic Forum (Davos) attributed Germany’s success in football as well as economically to sustaining a culture of cooperation and common goals, and long-term policies to support those goals. The article relates the young average age in the German football team, 26.31, as opposed to 28.92 in …
Government seeking to settle some 22 investment disputes against Egypt pending before international arbitration “amicably” in order to avoid fines estimated at $20bn
EU ambassador to Egypt welcomes reduction of subsidies on petroleum products
Amnesty International said last week that Egypt is witnessing a “catastrophic” decline in human rights. Indeed, human rights conditions in Egypt are currently a disaster, but the “catastrophe” Egyptians are witnessing these days is all-encompassing. On Friday, the government announced an increase in fuel prices – a step every government has struggled to take and …
Ministry of Finance expects tax revenue increases of EGP 6bn or 1.6% due to amendments to real estate and income tax laws, as well as new taxes on stock dividends and distributions
Cash support for poor may act as safety net, but biggest danger lies in creating new poor by cutting energy subsidies, says professor of socioeconomics Hania Al-Shalkamy
On the first anniversary of the 30 June uprising, the newly appointed president discusses state of economy, pledges to “correct religious discourse”
Ramadan lantern prices increased this Ramadan over last year due to a price increase in raw materials and exchange rate
Office of Peruvian economist Hernando de Soto responds to Egyptian op-ed, defends benefits of formalisation in developing economies like Egypt
Upcoming state budget seeks to apply financial and economic reforms
With the swearing in of the new government, Daily News Egypt reintroduces the cabinet’s returning economic team and profiles the newly appointed ministers, discussing the main agenda and challenges they will have to tackle.
Ministry of Investment to be separated from the Ministry of Industry and Trade, the minister noted.
Bureaucracy, complicated investment legislation, and administration corruption are the main stumbling blocks to economic reform, several heads of banks said during the People and Banks Conference last Wednesday. Participants in the conference discussed how to work to restore investor confidence in the Egyptian market in order to transform it into a magnet for Arab and …
US companies such as Yahoo Inc, Cisco Systems Inc, Microsoft Corp and Facebook Inc threaten the cyber-security of China and its Internet users, said the People’s Daily on its microblog, in comments echoed on the front page of the English-language China Daily.
Mansour issued a decree amending the Investment Law, prohibiting third parties from challenging contracts between the government and investors.
Central bank reports estimates net external debt rose by 5.8%, as a result of increased borrowing and higher exchange rates against the dollar
Prohibitive laws and procedures push Egyptians to work in the informal sector, says executive director of Center for Economic Studies
Poroshenko, a 48-year-old former cabinet minister, had said Sunday he would work immediately to end a bloody pro-Russian insurgency that prevented voting across swathes of the industrial east and to fix a recession-hit near bankrupt economy.
By Ahmed Abou El Saad and Eric Swats The Egyptian economy Since 2011, Egypt has been hit hard by both ongoing political volatility and social unrest. Four key economic indicators have underscored this reeling economy: an increase in T-Bill rates, a decrease in Net International Reserves, the depreciation of the Egyptian pound (EGP) and a …
Sisi’s support campaign in Sharm El-Sheikh is coordinated by a former intelligence officer who now works in tourism.
Discussing the changes in fiscal policies, Al-Sisi’s economic platform stated that budget deficit and public debt should return to “safe levels”.
Al-Sisi, Sabahy hold meetings over their presidential campaigns
A medical source said the bodies of four people were brought to hospital in the town. Three of the dead were “soldiers” but it was not clear from which force.