The World Bank's World Development Report 2019 has dismissed fears that robots and machines could take over human jobs, potentially leading to the sacking of thousands of workers.
Instead, it says that though innovation and technological progress (...)
Egypt's annual inflation rate eased to 13 per cent in April from 14.2 per cent in March, figures from the Central Agency for Public Mobilisation and Statistics (CAPMAS) showed last week.
Monthly inflation increased by 0.5 per cent, down from 0.8 per (...)
Thanks to the success of Egypt's economic reform efforts, the World Bank has announced it will extend its 2015-2019 Country Partnership Framework (CPF) with Egypt for two more years, it said in a statement last week.
It said that the extension of (...)
Thanks to the success of Egypt's economic reform efforts, the World Bank has announced it will extend its 2015-2019 Country Partnership Framework (CPF) with Egypt for two more years, it said in a statement last week.
It said that the extension of (...)
Egyptian companies with gender-diverse boards outperformed those with all-male ones, a recent study by the International Finance Corporation (IFC) has found.
The study, entitled “Women on Boards”, shows that gender-diverse companies had higher (...)
Inflation has been on the rise in Egypt over recent years, attributable to the floatation of the Egyptian pound in late 2016 as well as energy subsidy cuts.
The floatation caused the pound to lose 50 per cent of its value, leading to a rise in (...)
Inflation has been on the rise in Egypt over recent years, attributable to the floatation of the Egyptian pound in late 2016 as well as energy subsidy cuts.
The floatation caused the pound to lose 50 per cent of its value, leading to a rise in (...)
Egypt's vehicle sales dropped by 5.2 per cent year-on-year in February to stand at 10,857 vehicles from 11,454 last year, figures from the Automotive Information Council (AMIC) showed this week.
Passenger car sales fell nine per cent year-on-year in (...)
Egypt's vehicle sales dropped by 5.2 per cent year-on-year in February to stand at 10,857 vehicles from 11,454 last year, figures from the Automotive Information Council (AMIC) showed this week.
Passenger car sales fell nine per cent year-on-year in (...)
Egypt's annual headline inflation rose to 14.4 per cent in February, compared to 12.7 per cent in January, a three-month high. Month-on-month inflation rose by 1.7 per cent in February, compared to 0.6 per cent in January, a statement from the (...)
Egypt's annual headline inflation rose to 14.4 per cent in February, compared to 12.7 per cent in January, a three-month high. Month-on-month inflation rose by 1.7 per cent in February, compared to 0.6 per cent in January, a statement from the (...)
Eleven candidates are competing to lead the Press syndicate, the largest number of nominees in the history of the union. In addition, 51 candidates are fighting over the six seats available of the syndicate's council in the mid-term election.
The (...)
Eleven candidates are competing to lead the Press syndicate, the largest number of nominees in the history of the union. In addition, 51 candidates are fighting over the six seats available of the syndicate's council in the mid-term election.
The (...)
The Central Bank of Egypt (CBE) surprised pundits by cutting interest rates by one per cent at its Monetary Policy Committee (MPC) meeting last week, the first cut in almost a year.
The CBE cut the overnight deposit and overnight lending rate by one (...)
The Central Bank of Egypt (CBE) surprised pundits by cutting interest rates by one per cent at its Monetary Policy Committee (MPC) meeting last week, the first cut in almost a year.
The CBE cut the overnight deposit and overnight lending rate by one (...)
On Monday the Board of Trustees of the American University in Cairo (AUC) unanimously affirmed its continued confidence in the university's President Francis J Ricciardone. It commended the president's leadership and decision-making which it said (...)
French President Emmanuel Macron's visit to Egypt this week has resulted in the signing of a number of agreements between the two countries in the fields of education, social protection, health and transportation.
Egypt's Minister of Investment and (...)
For the last two weeks, many customers have been complaining of technical problems in using the ride-hailing application Uber on their smart phones.
Some customers were unable to log into their accounts, others saw extended periods in finding (...)
Real-estate experts gathered in Cairo this week for the Cityscape Egypt Business Breakfast to discuss the market's performance over the last year and the way forward.
The Housing Ministry also shed light on the government's urban development efforts (...)
Egypt's overpopulation problem is no secret. The country's population increases annually by 2.5 per cent and is expected to reach 151 million people by 2050.
The population reached 96.3 million in early 2018, according to the Central Agency for (...)
The final phase of the EU-Egypt Association Agreement that promises the exemption of customs duties on imported European cars came into force this month, resulting in duties on cars imported from Europe falling to zero per cent.
Customs duties on (...)
Real-estate experts gathered in Cairo this week for the Cityscape Egypt Business Breakfast to discuss the market's performance over the last year and the way forward. The Housing Ministry also shed light on the government's urban development efforts (...)
The final phase of the EU-Egypt Association Agreement that promises the exemption of customs duties on imported European cars came into force this month, resulting in duties on cars imported from Europe falling to zero per cent.
Customs duties on (...)
Egypt has been working towards bettering the business environment over recent years through a strategy based on pushing forward legislative and institutional reforms, drawing up an integrated investment map, establishing new free investment zones, (...)
Parliament agreed in principle on Sunday on government-drafted amendments to two laws, the Supply Affairs Law and the Protection of Competition and Prevention of Monopolistic Practices Law, in a bid to toughen up penalties for monopolistic (...)