When Omar Hazem, a young Egyptian engineer working in Qatar since 2015, knew that Egypt, Saudi Arabia, the United Arab Emirates, and Bahrain had agreed to restore full diplomatic ties with Doha at the 41st Gulf Cooperation Council (GCC) meeting last (...)
The value of the Egyptian pound against the US dollar has always been a sensitive issue for all Egyptians, as it defines how much their savings are worth and is a key indicator of price direction.
Over the last 10 years, the pound has gone from (...)
In October 2020, former Egyptian minister of investment Mahmoud Mohieldin was appointed executive director of the International Monetary Fund (IMF) and IMF board member representing Egypt and the Arab states.
Mohieldin, an economist with more than (...)
Yasmine Abdallah, who works in a bank in Cairo, gets up every day at dawn to prepare lunch and pack food for her toddler and husband before she wakes up her baby and takes her to daycare. When she gets home around five in the evening, she finishes (...)
If you need to renew your shop, building, or advertising licence, you may now be lucky enough to receive the service closer than you think.
“Municipality on Wheels: Local Services Delivered to Your Doorstep” is a recently launched service in which (...)
Regardless of who is in the White House in Washington, the American Chamber of Commerce (AmCham) Egypt continuously communicates with both Democrats and Republicans in the US to promote Egypt-US trade and investment relations, Sherif Kamel, (...)
Signs are being put up in the western Cairo district of 6 October signalling that a new monorail is under construction.
However, this means of transport, new to Egypt, will not cause significant traffic disruption, Ahmed Eldamanhoury, head of the (...)
Calls to boycott French products have been trending for the past two weeks in Egypt and the Arab world following the failure of French Pesident Emmanuel Macron to denounce cartoons depicting Prophet Mohamed that are offensive to the Muslim (...)
In February Egypt's population hit 100 million. Now, just eight months later, another million has been added to the total. Amr Hassan, former rapporteur of the Egyptian National Population Council, points out that this means an average of 4,250 (...)
Last Thursday, the Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) went against expectations by deciding to cut interest rates by 50 basis points.
The MPC cut the overnight deposit rate, overnight lending rate, and main operations rate (...)
The government announced the establishment of Egypt's first Mercantile Exchange (EME) recently, which, having capital of around LE90 million, will be jointly owned by commercial and investment banks and government entities.
Some may confuse the idea (...)
The 2020 Africa Agriculture Trade Monitor (AATM), published by the International Food Policy Research Institute (IFPRI), has recently been released, providing an analysis of continental and regional trends in African agricultural trade flows and (...)
Eric Oechslin has been the director of the International Labour Organisation's (ILO) Cairo Office and its Decent Work Team for North Africa since April 2019, having earlier been officer-in-charge of the organisation's Cairo Office since June 2018. (...)
Emad Hassan, a web developer in Cairo, has seen his salary and those of his colleagues cut in half since March when the need to halt the spread of the Covid-19 forced a shutdown of many activities in Egypt.
However, he is not complaining, as he was (...)
More than a dozen rounds of negotiations took place before an agreement was signed demarcating the maritime borders between Egypt and Greece on 6 August and setting out the exclusive economic zone (EEZ) between the two countries.
The agreement is in (...)
The three-and-a-half months during which the government imposed restrictions on the movement of individuals and night curfews to prevent the spread of the Covid-19 coronavirus have been tough on Egypt's economy.
The Ministry of Finance has estimated (...)
Throughout the 10 years since its establishment, the Egypt Network for Integrated Development (ENID), a NGO, has had to deal with many challenges in Upper Egypt, the area where it is working.
Tackling poverty, illiteracy, and unemployment, its usual (...)
In 2014 when President Abdel-Fattah Al-Sisi came to office, the economy was not in great shape. It had been battered by four years of political uncertainty and upheavals since the 25 January Revolution. Economic growth averaged barely two per cent (...)
The past two months have seen major life changes on the back of the coronavirus pandemic, and lockdowns and social-distancing measures have impacted consumer behaviour globally, with Egypt being no exception.
In an attempt to shed light on how the (...)
Parliament last week approved a set of modifications to Income Tax Law 91/2005. The law sets rates and tax brackets for natural persons.
According to the Ministry of Finance, the aim of the modifications is to reduce the tax burdens on the (...)
After more than a month since the implementation of measures to contain the spread of the coronavirus in Egypt, the economic fallout of the crisis is beginning to sink in.
The International Monetary Fund (IMF) in its April 2020 regional outlook (...)
While for the past two weeks many of Egypt's white-collar workers have been doing their job from home, wrestling with Internet connections and getting to grips with video conferencing, most blue-collar employees have been turning up for (...)
“Home schooling has begun here, and I can say with absolute conviction that teachers should be paid like CEOs,” tweeted John Chandler, sports anchor/reporter at NBC New York in mid-March. Chandler summarised the agony parents were going through and (...)
“I don't know where to start for the weekly look ahead for the global economy and markets… Look for lots of policy news… weakening economic and corporate data, and continued volatility in markets,” tweeted Mohamed Al-Erian, chief economic adviser at (...)
In an attempt to diversify its debt portfolio, the government is preparing to make its first sovereign green bond issue.
The Ministry of Finance recently announced in a statement that it had chosen Credit Agricole, Citibank, Deutsche Bank, and HSBC (...)
