#inflation
Survey: Business conditions worsen for 9th consecutive month
June marked the ninth consecutive month that business conditions worsened in Egypt.
2 دقيقة قراءة
تصنيف
Economy
754
منشور في هذا التصنيف
#budget deficit
With debt service costs soaring, budget deficit hits LE311 bn by May
Eleven months into the 2015/16 fiscal year, Egypt’s budget deficit exceeded the target for the full year.
3 دقيقة قراءة
#devaluation
Central bank governor: Support for pound was ‘grave error’
Central Bank of Egypt Governor Tarek Amer admitted that Egypt’s focus on maintaining the pound’s value against the US dollar was a…
4 دقيقة قراءة
#balance of payments
Balance of payments deficit rises to $3.6 bn in first 3 quarters of 2015/16
Egypt’s balance of payments deficit widened to US$3.6 billion during the first three quarters of the 2015/16 fiscal year.
3 دقيقة قراءة
#Etisalat
Telecom Egypt granted 4G license, Orange offered license for LE3.5 bn
Two telecom companies announced progress in a deal that will see state-owned Telecom Egypt gain the right to launch mobile phone service,…
3 دقيقة قراءة
#Central Bank of Egypt
Amid soaring inflation, Central Bank of Egypt raises interest rates
The Central Bank of Egypt raised benchmark interest rates by 100 basis points on Thursday, bringing its overnight deposit rate to 11.75 percent,…
2 دقيقة قراءة
#arms deals
Report: Egypt world’s 4th-largest arms importer in 2015
Despite its ailing economy and expanding fiscal deficit, Egypt upped its spending on military imports to US$2.268 billion in 2015, making it…
2 دقيقة قراءة
#business
Survey: Business activity down for 8th month in a row
Conditions for Egypt’s non-oil private sector worsened for the eight month in a row in May, according to businesses surveyed for the…
2 دقيقة قراءة
#expenditure
Q&A with Thomas Piketty, author of Capital in the Twenty-First Century, Part 2
In the second part of a two-part interview at Mada Masr’s office in Cairo, the author of bestseller “Capital in the 21st Century” talks about Egypt’s economic policies, French arms…
Isabel Esterman و Osama Diab
13 دقيقة قراءة
#expenditure
Q&A with Thomas Piketty, author of Capital in the Twenty-First Century, Part 1
In part one of a two-part interview at Mada Masr’s office in Cairo, the author of the bestselling book Capital in the Twenty-First Century (Belknap Press, 2014) talks about inequality…
Isabel Esterman و Osama Diab
11 دقيقة قراءة
#EgyptAir
Egypt’s battered tourist industry anxiously awaits EgyptAir crash investigation results
Egypt’s travel industry is watching anxiously as experts and officials air competing explanations for the deadly crash of EgyptAir flight MS804 last week. The effect the crash will ultimately have…
Isabel Esterman
6 دقيقة قراءة
#Alexandria Shipyard Company
Nile Cotton, Alexandria Shipyard workers sit in against unpaid wages, state failures
For the second consecutive day, hundreds of workers from two state-owned companies have been challenging the restrictive provisions of Egypt’s protest law…
3 دقيقة قراءة
#taxes
Egypt’s widening wealth gap
From the global Occupy movement to Egyptian revolutionaries’ calls for “bread, freedom and social justice,” inequality has been a rallying point for social movements and a talking point for political…
Osama Diab
10 دقيقة قراءة
#medical drug prices
Will a Cabinet decree to increase pharmaceutical prices save the market?
Amany Aly's newborn son has been sick twice in the last three months with a cough and cold, nothing out of the ordinary for a baby. But she was unable…
Pesha Magid
5 دقيقة قراءة
#economic reform
Cabinet approves VAT bill
The Cabinet approved in principle a bill establishing a Value Added Tax (VAT), the state-owned news site EgyNews announced Monday. The approval came during…
2 دقيقة قراءة
#CAPMAS
CAPMAS: Unemployment down to 12.7%
Egypt’s official unemployment rate eased to 12.7 percent in the first quarter of 2016, down from 12.8 percent the previous quarter, state…
1 دقيقة قراءة
#Panama Papers
The Panama Papers: What’s new on Egypt, and why should you care?
On Tuesday evening, the International Consortium for Investigative Journalism CK (ICIJ) released a new database of people and companies who own shares in businesses registered in tax havens and who…
Hossam Bahgat
8 دقيقة قراءة
#foreign reserves
Sisi claims Suez Canal revenue is increasing, but it depends on how you count it
In a Thursday speech extolling his government’s accomplishments, President Abdel-Fattah al-Sisi took a defensive line on the Suez Canal. “I heard people say the revenues of the Suez Canal decreased.…
Isabel Esterman
5 دقيقة قراءة
#Central Bank of Egypt
Foreign reserves climb to $17 billion in April
Egypt’s foreign reserves reached US$17.01 billion at the end of April, up from US$16.56 billion in March, the Central Bank announced Wednesday. The…
2 دقيقة قراءة
#entrepreneurship
From Fawry to Feloosy, FinTech is finally gaining a foothold
As Egypt’s start-up scene continues to draw attention from global media, expect to hear more about FinTech (financial technology).
Robert Barron
8 دقيقة قراءة
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