#EGX 30
EGX back to green after 7-day slide
The Egyptian Stock Exchange (EGX) advanced slightly on Monday, following a dramatic seven-day slide. The benchmark EGX 30 index rose by 3.14 percent on…
2 دقيقة قراءة
تصنيف
Economy
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#Alstom
Cabinet signs off on deal with company previously convicted of bribing Egyptian officials
In its January 13 meeting, the Cabinet approved a request from the state-owned Egyptian Electricity Holding Company (EEHC) to ink an energy deal…
3 دقيقة قراءة
#Russian plane crash
November was Egypt’s worst month for tourism since 2013
In the aftermath of the deadly Russian plane crash in late October, just 558,600 foreign tourists arrived in Egypt in November 2015,…
2 دقيقة قراءة
#co-working spaces
Co-working spaces spread, but lack resources
The walls of Al-Maqarr, a co-working space in Cairo’s eastern neighborhood of Heliopolis, are lined with images of its projects. "During college, we used to hold our meetings in cafes…
Rania Tarek
5 دقيقة قراءة
#CAPMAS
Consumer prices creep up in December
Egypt’s annual headline consumer price index (CPI) inched up in December to 11.9 percent, the state statistics agency CAPMAS reported. The figure,…
2 دقيقة قراءة
#labor actions
1,117 labor protests across Egypt in 2015: Democracy Meter report
The NGO Democracy Meter issued its annual report on Egyptian industrial actions on Saturday, citing 1,117 labor protests throughout 2015. In other…
4 دقيقة قراءة
#business
CBE answers Sisi’s call to support small businesses
Egypt’s Central Bank announced plans on Sunday evening to encourage local banks to give loans to small and medium sized businesses. The announcement follows a…
2 دقيقة قراءة
#business
Survey: Decline in business activity slows in December
Conditions in Egypt’s private sector continued to deteriorate in December, but the decline was less steep than in previous months, according to…
2 دقيقة قراءة
#Central Bank of Egypt
Foreign reserves hold steady while Egypt looks to raise funds, reduce imports
The Central Bank of Egypt announced this week that foreign reserves held steady again in December, with a marginal rise to US$16.445…
3 دقيقة قراءة
#labor actions
Strikes and labor protests hit state-owned companies
Thousands of workers at state-owned companies have been embarking on strikes and other industrial actions this week in protest at low wages and bonuses, and in demand of parity with…
Jano Charbel
6 دقيقة قراءة
#affordable housing
Ministry announces more plans to solve Egypt’s urban housing crises
Egyptian Housing Minister Mostafa Madbuly announced on Sunday that the government will invest LE10 billion to “develop 248 slum areas across Egypt by 2018.” Priority will be given to “first-…
Robert Barron
7 دقيقة قراءة
#balance of payments
Balance of payments deficit hits $3.7 billion in Q1 of 2015/16
Egypt’s transactions with the outside world from July 2015-September 2015 resulted in an overall balance of payments deficit of US$3.7 billion, compared…
3 دقيقة قراءة
رأي
Ayman S. Ashour
Egyptian startups: the need to localize
«My journey as a mentor for Egyptian and Arab startup companies began some four years ago when an American Silicon Valley CEO friend of mine called…»
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#2015 year enders
A year of trying to deal with things going wrong for the economy
The year 2015 witnessed some major triumphs for President Abdel Fattah al-Sisi and his economic team. GDP growth came in at 4.2 percent for the 2014/15 fiscal year, the strongest performance…
Isabel Esterman
6 دقيقة قراءة
#bonds
Bond yields rise less than expected after CBE rate hike
In the wake of the Central Bank of Egypt’s across-the-board 50 basis point (0.05 percent) hikes on benchmark interest rates, returns on…
3 دقيقة قراءة
#Helwan Iron and Steel Company
Spate of industrial action continues to gather steam
Thousands of workers are protesting in different locations across Egypt in a spate of industrial actions that continues to pick up steam. Around 3,000 workers started a strike at Egypt’s largest aluminum…
Jano Charbel
7 دقيقة قراءة
#2015 year enders
A year in economic data
Egypt has seen some good economic news in 2015: overall economic growth measured at 4.2 percent for the fiscal year ending in June 2015, the strongest performance in five years.…
Isabel Esterman
6 دقيقة قراءة
#Egypt-Saudi Arabia relations
Saudi’s decision to up Egypt investments by 30%: Economics or politics?
On December 16, Saudi Arabia committed to increasing its investments in Egypt to around US$8 billion (30 billion Saudi riyals). Little additional information has been released, leaving experts to speculate on…
Beesan Kassab
6 دقيقة قراءة
#Doctors Syndicate
Labor unrest from north to south
Thousands of workers across the country are protesting against what they call unfair employment with a spate of industrial actions that have picked up steam in recent weeks. Protests have been concentrated…
Jano Charbel
6 دقيقة قراءة
#economic reform
World Bank approves US$1 bn loan for Egypt, scales up overall support
The World Bank board of directors has approved a US$1 billion budgetary support loan for Egypt, the bank announced Thursday evening. The loan is…
3 دقيقة قراءة
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