Egypt achieves record primary budget surplus of EGP 629bn despite sharp fall in Suez Canal revenues    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year    After Putin summit, Trump says peace deal is best way to end Ukraine war    Jordan condemns Israeli PM remarks on 'Greater Israel'    Egypt's Supreme Energy Council reviews power supply plans for 14 industrial projects    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egyptian pound closes high vs. USD on Tuesday – CBE    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Omar El Shenety
Are the reforms paying back?
Egypt launched a long-awaited economic reform programme last November as part of its deal with the International Monetary Fund (IMF) that has provided funds critical to preventing the pound's meltdown as well as opening the door for foreign funds to (...)

06 - 07 - 2017
How not to decrease inflation
Egypt embarked on an economic reform programme last November as part of its deal with the International Monetary Fund (IMF) to fix its chronic economic problems. With the package of reforms planned, it was expected that the country's high inflation (...)

04 - 05 - 2017
Five myths about the dollar
After a tough struggle to get the foreign exchange market under control with its huge gap between the official rate and the black market rate for the Egyptian pound, the Central Bank of Egypt (CBE) threw in the towel late last year and resorted to (...)

23 - 03 - 2017
Egypt: Winners and losers of economic transformation
Economic developments overshadowed all other news in the last few weeks, whether in the form of the high dollar exchange rate, the Central Bank of Egypt's attempts to suppress the black market, rises in prices and the formal announcement of the (...)

04 - 09 - 2016
Looking for stability
In the wake of the 25 January Revolution in 2011, the Egyptian economy witnessed significant deterioration because of the security and political turbulence that followed. This led to a reduction in various sources of foreign currency, particularly (...)

29 - 03 - 2016
New Suez Canal: A hostage of the global economy
The Suez Canal is one of the most important global waterways, with a tenth of the world's trade passing through it. For Egyptians, the importance of the Suez Canal extends far beyond the thousands of Egyptians who died while digging it 150 years (...)

09 - 12 - 2015
Changes in Iran
Iran has been in trouble with the West since the Islamic Revolution in 1979. Following the American hostage crisis, the first sanctions were levied at an early stage of the then newly formed Islamic Republic of Iran, and then more sanctions were (...)

25 - 08 - 2015
Egypt and its FDI Prospects
No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to its knees, and now faces stagnation. Growth has stopped at 2% since the revolution, and the government budget deficit scored record (...)

20 - 09 - 2014
Egypt and its FDI prospects
No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to its knees, and now faces stagnation. Growth has stopped at 2% since the revolution, and the government budget deficit scored record (...)

20 - 09 - 2014
Can the poor survive economic reform?
Political change comes with a cost. The economic and social burdens that follow are usually not shared equally. Particular groups may incur a relatively higher burden than the rest of the society. Egypt is an interesting case to consider in this (...)

03 - 09 - 2014
Can the economy recover?
With a new president elected and a new government appointed after three-and-a-half years of transition, now is the time to tackle Egypt's accumulated problems. On the one hand, the political situation needs a deeper look to allow us to reach a (...)

25 - 06 - 2014
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