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The social businesses to turn Egypt’s black skies blue

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 …

Iris Boutros

Is the worst over for Egypt’s economy?

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 …

Daily News Egypt

S&P raises Egypt sovereign credit rating to B- from CCC+

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 …

Daily News Egypt

Outside looking in: An international perspective on Egypt’s economy

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.

Mostafa Salem

Egyptian female youth and their labour market

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, …

Iris Boutros

Oil-rich Kuwait warns welfare state unsustainable

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.

Daily News Egypt

Contemporary Egyptian nonsense part 2: The riches of Egypt!

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 …

Dr Mohamed Fouad

Contemporary Egyptian non-sense part 1: Suez Canal in Pounds!

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 …

Dr Mohamed Fouad