When Egypt began its International Monetary Fund (IMF)-backed economic reform programme in November 2016, inflation shot through the roof, reaching an all-time high of more than 30 per cent in the summer of 2017. At the time, the IMF said it had not (...)
Foreign direct investment (FDI) into Egypt fell to $6.8 billion in 2018, down from $7.4 billion the previous year, according to the UN Conference on Trade and Development (UNCTAD) 2019 World Investment Report.
However, Sherif Fahmy, a director at (...)
Egypt is nearing completion of its agreement with the International Monetary Fund (IMF), while on Friday a staff team from the international financial institution completed their fifth and final review of Egypt's economic reform programme supported (...)
On Monday Muslims in Egypt began their Ramadan fast. Although the timing of the holy month was known many people felt that it had arrived sooner than they expected. Pensioner Fathi Mohamed's response was typical. “I cannot believe a year has gone by (...)
On Monday Muslims in Egypt began their Ramadan fast. Although the timing of the holy month was known many people felt that it had arrived sooner than they expected. Pensioner Fathi Mohamed's response was typical. “I cannot believe a year has gone by (...)
Tis the season, not for Christmas, but rather for spring, which brings with it a set of national holidays in Egypt. This year, the holiday calendar means that many people can bridge their way through them and enjoy a 10-day break from work.
Thursday (...)
Tis the season, not for Christmas, but rather for spring, which brings with it a set of national holidays in Egypt. This year, the holiday calendar means that many people can bridge their way through them and enjoy a 10-day break from work.
Thursday (...)
Egypt's cotton cultivation is now in progress, having begun in mid-March and continuing until June in some areas. However, judging by the areas planned for cultivation, the US Department of Agriculture's Foreign Agricultural Service Report is (...)
Over the past couple of years, the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington have been the occasions for much lauding of Egyptian economic policy-makers. The spring meetings for 2019 held from 9 to 14 (...)
Egypt needs to raise the competitiveness of its ports if it wants to attract greater volumes of transit trade, Suez Canal Container Terminals (SCCT) management told journalists this week.
What costs around $70,000 at the East Port Said Port costs 60 (...)
Self-service check-in machines are becoming a familiar scene in airports around the world and a sign of modernity. Passengers use the machines to pay for tickets, reserve seats and label luggage. However, what many of them may not realise is that (...)
The role of Egypt's peasantry in the country's 1919 Revolution is undeniable, though there have been different explanations for it. A study entitled “Peasants in Revolt – Egypt 1919” by Ellis Goldberg published in the International Journal of Middle (...)
Some years ago, Banque Misr, one of Egypt's three public-sector banks, ran a campaign announcing that “Talaat Harb is coming back.”
The campaign aimed at evoking the spirit of the founding father of the bank, Talaat Harb, in order to encourage the (...)
The role of Egypt's peasantry in the country's 1919 Revolution is undeniable, though there have been different explanations for it. A study entitled “Peasants in Revolt – Egypt 1919” by Ellis Goldberg published in the International Journal of Middle (...)
For the third consecutive year Egypt is tapping the international debt markets.
Last week, the Ministry of Finance announced that Egypt had completed a $4 billion Eurobond issue that had attracted $21.5 billion in bids from 250 investors, closing (...)
For the third consecutive year Egypt is tapping the international debt markets. Last week, the Ministry of Finance announced that Egypt had completed a $4 billion Eurobond issue that had attracted $21.5 billion in bids from 250 investors, closing (...)
Ziad Bahaaeddin, a former deputy prime minister and minister of international cooperation, says a huge effort has been exerted to listen to the recommendations of civil society since President Abdel-Fattah Al-Sisi ordered a review of the 2017 NGO (...)
If you were passing through Cairo's Tahrir Square on Saturday, you may have heard loud music blasting from the American University in Cairo's (AUC) old campus overlooking the square as the AUC launched its centennial celebrations.
The AUC's iconic (...)
If you go to Berlin, Germany, this week, you may run into banners announcing Egypt's participation in Fruit Logistica, a major fresh produce trade show held annually in February. Around 70 Egyptian companies are taking part in the event this year (...)
If you were passing through Cairo's Tahrir Square on Saturday, you may have heard loud music blasting from the American University in Cairo's (AUC) old campus overlooking the square as the AUC launched its centennial celebrations.
The AUC's iconic (...)
Egypt will require $675 billion of investment over the next 20 years to meet its infrastructure needs, according to the G20 group of countries' Global Infrastructure Outlook. And while the government could afford around two-thirds of that amount, (...)
If you go to Berlin, Germany, this week, you may run into banners announcing Egypt's participation in Fruit Logistica, a major fresh produce trade show held annually in February. Around 70 Egyptian companies are taking part in the event this year (...)
The new year brought with it not just greetings but also jokes about how broke many people have become and how little their monthly salaries can last.
After two years of economic reforms, a stretched budget is something most Egyptians have got used (...)
The new year brought with it not just greetings but also jokes about how broke many people have become and how little their monthly salaries can last.
After two years of economic reforms, a stretched budget is something most Egyptians have got used (...)
Egypt's economic reform programme is now in its third year, and it was in late 2016 that it all began with floating the pound, imposing new taxes and slashing subsidies. The government's programme is backed by a three-year $12 billion extended fund (...)
