“Crony Capitalism in the Middle East: What Do We Know and Why Does it Matter?” was the subject of a discussion last week focusing on the Mubarak era by Alternative Policy Solutions, a public-policy research project at the American University in (...)
The decline in global oil prices might seem like good news for the budget of an oil-importing country like Egypt. However, a Shuaa Investment Bank report released a few days ago warned against taking the decrease in oil prices for granted.
Oil, much (...)
The decline in global oil prices might seem like good news for the budget of an oil-importing country like Egypt. However, a Shuaa Investment Bank report released a few days ago warned against taking the decrease in oil prices for granted.
Oil, much (...)
Gone are the days of gameyas [non-bank saving schemes],” commented one middle-aged employee at the Egyptian Tax Authority's Administrative Affairs Division, summarising changes to his life and those of his colleagues working in the public sector two (...)
Egypt's foreign debt reached $92.6 billion by the end of June, recording “an increase of $13.6 billion, or 17.2 per cent, on the end of June 2017,” according to the monthly report published a few days ago by the Central Bank of Egypt (CBE).
A (...)
Cash transfers for all was how Philippe Van Parijs, a professor of politics and economics, explained the concept of basic income at a lecture at the American University in Cairo (AUC) last week.
A basic-income policy is a programme through which (...)
It has been 10 years since the world financial crisis, the gravest financial downturn the world has seen since the Great Depression of the 1930s. On 15 September 2008 the global economy witnessed what the then International Monetary Fund (IMF) (...)
The government has announced the resumption of its privatisation programme by offering shares from many public-sector companies on the stock market, causing some to look back at earlier episodes of privatisation in the country.
For Gamal Othman, a (...)
The government has announced the resumption of its privatisation programme by offering shares from many public-sector companies on the stock market, causing some to look back at earlier episodes of privatisation in the country.
For Gamal Othman, a (...)
Three new ministers were appointed to economy-related portfolios in last week's cabinet reshuffle. Mohamed Maeet replaced Amr Al-Garhi as minister of finance, Hisham Tawfik succeeded Khaled Badawi as minister of public enterprises and Amr Nassar (...)
Three new ministers were appointed to economy-related portfolios in last week's cabinet reshuffle. Mohamed Maait replaced Amr Al-Garhi as minister of finance, Hisham Tawfik succeeded Khaled Badawi as minister of public enterprises and Amr Nassar (...)
President Abdel-Fattah Al-Sisi signed Egypt's Universal Healthcare Act into law on Monday after lengthy debates in parliament about the impact of the legislation on the availability of healthcare and the number of its beneficiaries.
The law may (...)
President Abdel-Fattah Al-Sisi signed Egypt's Universal Healthcare Act into law on Monday after lengthy debates in parliament about the impact of the legislation on the availability of healthcare and the number of its beneficiaries.
The law may (...)
Arafa for Investment in Textiles Manufacturing, a holding company headed by Alaa Arafa, is happy with what its CEO called the fruits of the floatation in 2017. Its net profit in the first nine months of the current fiscal year reached $4 million, (...)
This year was a difficult one for the Arab Company for Import and Export (ACIE). The company imported fewer than 3,000 tons of goods, half the amount in 2016, and all during the first six months of 2017, Ahmed Al-Zeini, CEO of ACIE and head of the (...)
Parliament last week approved Egypt's new labour unions law, which triggered criticisms from the International Labour Organisation (ILO), the World Federation of Trade Unions and the Egyptian Federation of Trade Unions while it was being discussed, (...)
Recent statements by Jihad Azour, director of the International Monetary Fund's (IMF) Middle East and Central Asia Department, praising Egypt's economy as an IMF delegation was visiting Cairo mainly focused on Egypt's success in achieving high rates (...)
A year after the Central Bank of Egypt (CBE) floated the Egyptian pound, inflation is still taking its toll on the economy, rendering the decision the least popular in a long time. The decision, however, seems to have relatively benefited (...)