Latest in Highlight
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 …
By Farah Halime, Rebel Economy Questions were already being raised about Egypt’s new liberals and whether they really were as democratic as they claimed to be. But, as Sharif Abdel Kouddous wrote in the Nation recently, “the turning point came on August 14, when the military and security forces brutally cleared the two mass sit-ins in …
IMF: The political uncertainly Egypt underwent has clouded the economic outlook and impacted the policy performance.
Government continues to fight the constant inflation rates increases
Lack of these traits hindering business growth, report says
The World Bank report came about a fortnight after the Middle East Quartet published a plan to revive the ailing Palestinian economy, in an effort to support peace negotiations between Israel and the Palestinians.
Prime Minister El-Belawi: “Economy is our biggest problem, yet it is our savior.”
The Eastern Tobacco Company also announced that it was on the verge of completing the transfer of its factories to the 6th of October City at a cost of EGP 5.5bn.
Several construction companies register profit despite Egypt’s ailing economy
Minister Ahmed Galal discussed in a conference call with EFG-Hermes the government’s plans to boost economy and encourage investors
There have been mixed reactions to this week’s announcement of a new public sector minimum total income of EGP1,200 per month to come into effect in January of 2014. Many are unsatisfied – unsatisfied with the EGP1,200 figure, the target of total income and not wage, or the meeting of the social justice objective. Some …
Chancellor Merkel’s triumphant conservative Christian Democrats (CDU) won 41.5% of the vote.
By Philip Whitfield Who’d be in the president’s shoes? Adly schleps in the shadows. Morsi shuffles round prison in his. Mubarak hobbles in hospital pumps. Sadat died with his on. Nasser wore his out on socialism’s slippery slope. Who’s got the courage to give the old ways a kicking? The economist Felix Inmonti says rent-funded …
By Farah Halime It was bound to happen sooner or later. Egypt has returned to Qatar the $2bn the Gulf state deposited in Egypt’s central bank after negotiations to convert the money into three-year bonds failed. Though this represents only a quarter of the total funds Qatar has lent or given to Egypt, the decision …
Rise in deposits seen as symptomatic of Egypt’s “economic deflation”