It has been 10 years since Egypt last issued a Human Development Report (HDR). This year it made up for that hiatus by issuing a 2021 report entitled "Development, A Right for All: Egypt's Pathways and Prospects".
The report, issued by the UN (...)
On Monday, direct flights from Russia to the Red Sea resorts of Sharm El-Sheikh and Hurghada resumed after a six-year hiatus. The return of the Russians was cause for much jubilation in the tourism sector.
Until 2015 Russia was the Egyptian tourism (...)
Naeema Al-Gasseer, a Bahraini national, was appointed to the position of World Health Organisation (WHO) representative in Egypt in August 2020 at a critical time in the fight against the coronavirus. A year later, she says there is a lot to be (...)
This week the House of Representatives, the lower house of Egypt's parliament, gave its preliminary approval on a new bill allowing the government to issue sovereign sukuk, or Sharia-compliant, bonds.
Egypt will issue its first sovereign sukuk as (...)
Over the past 18 months, the fallout from the coronavirus pandemic has hit economies and labour markets across the globe. In the Middle East and North Africa (MENA) region, that effect has been pronounced, according to a panel survey carried out by (...)
The fallout from the Covid-19 pandemic has been hard on the whole world, but for the Middle East and North Africa (MENA) region effects have been even more pronounced.
"The impact on our region has been compounded. Our region has pandemics of its (...)
Egypt is targeting 5.4 per cent real GDP growth in fiscal year (FY) 2021-22, Minister of Finance Mohamed Maait told the House of Representatives, the lower house of Egypt's parliament, as he delivered the government's fiscal statement for the (...)
Vaccines, climate change, and debt were at the heart of the 2021 International Monetary Fund (IMF)/World Bank Spring Meetings that took place virtually this year from 5 to 11 April.
The issue of access to Covid-19 vaccines and support for equal (...)
Everyone breathed a sigh of relief upon seeing the mammoth Ever Given ship dislodged from the Suez Canal this week, freeing up the waterway that it had blocked for six days and putting an end to millions of dollars in losses to multiple (...)
President Abdel-Fattah Al-Sisi announced increased spending intended to boost the incomes of millions of Egyptians on Monday in the state budget for the 2021-2022 fiscal year that goes into effect in July.
The new spending increases the minimum (...)
Egypt and the US formally launched relations under the new US Biden administration this month, and the Egyptian Embassy in Washington launched a “charm offensive” with the US Congress in January, aiming to promote as much “understanding as possible” (...)
Egypt's food delivery business is worth almost $2.5 billion, says entrepreneur David Buttress who recently invested in Elmenus, an online food discovery and ordering company operating in Cairo and other cities in Egypt.
Only six per cent of such (...)
As of the beginning of 2021, Egypt and the UK are exchanging goods according to a new Association Agreement signed early in December 2020. The agreement replaces the Egypt-EU Association Agreement that previously governed relations between the two (...)
The time is right for further initial public offerings (IPOs) of shares in both private and state-owned companies, the chair of Egypt's Financial Regulatory Authority (FRA) recently stated.
Over the past couple of years share offerings in various (...)
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 (...)
