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It’s that time of year. Black skies over Cairo and all over Egypt’s Delta mean the rice farmers are burning their straw. They will be burning about four millions tonnes of rice straw these recent weeks so they can prepare their fields for the next planting season. While we’re all struggling a little bit harder …
By Farah Halime Could Egypt’s economy be on the road to recovery? Some indicators suggest this might be the case. According to Reuters: Egyptian business activity shrank for the 13th month in a row in October but at a much slower rate, suggesting the economy may be improving after months of renewed political turmoil. The seasonally …
70.8% of the total unemployed are Egyptian youth
Ministry of Finance says GDP grew by 2.1% to EGP 1608.6bn during the past fiscal year
Development projects aim at supporting agriculture and microfinance projects in Egypt
Reuters – Standard & Poor’s Ratings has raised its long and short-term foreign and local currency sovereign credit ratings on the Arab Republic of Egypt to ‘B-/B’ from ‘CCC+/C’. The upgrade reflects S&P’s view that the Egyptian authorities have secured sufficient foreign currency funding to manage Egypt’s short-term fiscal and external financing needs. “We expect support from bilateral …
The economies of Arab countries rocked by the uprisings that swept the region two years ago, remain sluggish because of unfinished political transitions
In response to questions about their food product factories, the military spokesman insisted that “the military is responsible for 400,000 recruits.
Reform is needed to boost investor confidence and bring back higher levels of FDI
Bessma Momani has a PHD in political science with a focus on international political economy. She is an associate professor at the Balsillie School of International Affairs at the University of Waterloo and authored the book IMF-Egyptian Debt Negotiations.
Momani highlighted three key areas investors view as intersecting with politics: confidence, perception and reform.
Anti-Coup Alliance figure condemns Kerry’s “restoring democracy” comment and US policy
Deputy prime minister says “capacity to dialogue, compromise and move forward is present” in Egypt during a visit to Washington DC
Del Rosario said there were believed to be 660,000 Filipinos working in Saudi Arabia although it remained unclear how many were illegals.
More than 120,000 people have been killed in Syria’s war, and millions more forced to flee their homes.
Mubarak’s propaganda machine had the habit of spreading false optimistic information about his “economic achievements” on an almost daily basis. Several governments appointed by the ousted president got used to the practice of faking reports about the country’s economic performance, or at least show or hide the data based on what would fix the government’s …
A significant drop in the number of Egyptian millionaires echoing the decline of Egyptian wealth level
The emir’s announcement comes a day after the government said it planned to review subsidy policies and charges on public services and commodities.
Recently, I was stunned. I had quite a surprising experience while interviewing a young, Egyptian woman for a basic entry-level analyst-type position. From my perspective, the interview was going well. The young woman was bright and seemed to have many of the qualities I was looking for in a candidate. As we were wrapping up, …
The programme up to the 2016/2017 fiscal year aims to review subsidies, charges and prices of public services, besides imposing a taxation system in a country that generates 94% of its income from selling oil and where individuals and corporates pay no taxes.
So we continue with examining some of those wild ideas and unfounded claims which haunt the minds of many people. We are hoping to do so in a constructive manner with the aim to move beyond the old tales and actually think about something meaningful. Our discussion this week will be about the age old …
Government intends to make several changes that will help cut down on customs evasions
HSBC forecasts a modest pick-up in export growth to over 4%
The conference demanded that traditional banks establish independent Islamic banks as a legal entity instead of threatening the work of Islamic banking with traditional banks.
This service is provided to bank clients and non-clients alike, at the 200 ATMs dispersed throughout the country, which operate 24 hours a day, 7 days a week.
Al Maktoum has renewed his country’s support of Egypt in order to face current challenges
Join the Twitter discussion on Saturday looking at the obstacles that face female breadwinners in Egypt
Several companies announce plans to increase volume of investment.
EGP 29.6bn package allocates 2.6bn for wages, 6bn for subsidies and 4bn for contractors and railroads
The report on Sunday stated the price of a Beijing latte as CNY 27 ($4.42), compared with CNY 24.25 ($3.97) in London, CNY 19.98 ($3.26) in Chicago and CNY 14.6 ($2.39) in Mumbai.
The mobile operator is still struggling with net losses in the second quarter of 2013
In modern days Egypt, so many ideas grow out of the blues captivating the minds and souls of the population. Some of these ideas are political, economical, or social. While some fade away fast, others never seem to go out of fashion, surfacing every now and again as if begging to be shot down. Over …