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The OBG explained that it expects an increase in the EGP value by 3.5%, to reach EGP 16 per $1 by the beginning of 2020.
Noteworthy, Egypt has been implementing economic reforms as part of a $12bn three-year programme agreed with the International Monetary Fund (IMF) in November 2016, including the cuts to energy subsidies and pound floatation, as well as the introduction of the value-added tax.
Despite volatility, country has fared better than other emerging markets due to economic reforms, says chairperson of HC Securities
70% of respondents to survey forecast growth of between 3%, 5% in 2018, states OBG’s survey
Throughout the past three years, Egypt has been through tough but necessary economic reforms, undertaken by the authorities and supported by the International Monetary Fund (IMF). The reforms aim to improve Egypt’s public finances, curb the budget deficit, and get the currency shortage under control, all while achieving sustainable growth. The economic reforms came after …
The series of reforms adopted by the Egyptian authorities to expand insurance penetration, with the expectation that regulatory measures, coupled with the rollout of universal health coverage, will lead to a doubling of premiums within the next five years, according to Oxford Business Group (OBG)’s Egypt economic update issued on Monday. According to the report, …
In 2017, about 8.3m tourists visited Egypt, says OBG Egypt 2018 report
Egypt’s economic recovery is gaining ground, with investor interest rising, says OBG editor-in-cheif
More funding on the way as Egypt’s economic reforms yield results: OBG’s “Egypt Economic Update”
US aid cuts will unlikely deteriorate economic ties
Providing an inclusive basis for growth and improving the lives of the average Egyptian is more important than GDP growth
The group expects positive results and describes the outlook as stable
The government must lead the efforts to incentivise social housing because private sector developers seek the higher end of the market, says the report
Djibouti’s economy grew by 5% in 2013, by 5.9% in 2015, and it is expected to reach 6% in 2016, says OBG report
By Oxford Business Group A $9bn deal inked in Egypt will give a substantial boost to the country’s electricity generation capacity, helping the government address power shortages and support a growing population and economy. On 3 June, German industrial conglomerate Siemens agreed to a deal to supply gas and wind power plants that will …
The EGX 30 index, which bears a year-to-date loss of 13%, closed at 4,752.22 points.
However, while advances have been made in basic public health, further expansion will require greater investment from both the state and private industry, if the country is to address challenges weighing on the sector
By Robert Tashima Despite an uncertain political climate and a sluggish economic recovery, the long-term prospects of Egyptian banks are attracting attention from their Gulf counterparts. Two recently announced acquisitions have brought the sector back into the headlines on a positive note, helping offset a recent ratings downgrade. While the transactions also represent the …