Clik here to view.
Egypt stock market hits pre-Arab Spring high
The Arab Spring is officially over, at least as far as Egyptian equities are concerned. In a milestone of sorts, Egypt’s benchmark EGX30 stock index on Tuesday hit a new three-year high, surpassing for...
View ArticleClik here to view.
Guest post: Egypt’s economic reformers bet on new sales tax
By Richard Asquith of TMF Group It has been a difficult three years for Egypt, both politically and economically. The euphoria following the toppling of President Mubarak has given way to violent...
View ArticleClik here to view.
Cemex: back to square one in Egypt?
Cemex, the Mexican cement giant, is breathing a little sigh of relief. It had been biting its nails ahead of a ruling from an Egyptian appeals court on whether its 1999 purchase, in a privatisation, of...
View ArticleClik here to view.
Egypt: back to 2008 levels
Source: Bloomberg Who says military rule is bad for stock markets? The EGX30, Egypt’s main stock index, is now over 7,700 – a level not seen since mid-2008. The index has surpassed the previous...
View ArticleClik here to view.
Arab youth turn from “Arab spring” to starting businesses
Young Arabs are increasingly turning their backs on cushy public sector jobs in favour of working for private companies and starting their own businesses, a survey in 16 countries has found. There has...
View ArticleEgypt pledges reform, seeks investor support
With Egypt’s presidential election approaching fast, representatives from the Egyptian government and financial community travelled to London this week to seek support from international investors for...
View ArticleClik here to view.
Guest post: Egypt’s election over, what now for the economy?
By Dalibor Rohac, Cato Institute Abdel Fattah el-Sisi’s landslide victory in the presidential race, with over 93 per cent of the popular vote, is a result not only of his undeniable popularity among...
View ArticleClik here to view.
Egypt: World Bank sees widening of ‘shadow’ economy
It is not hard to find evidence of Egypt’s extensive informal economy. It is present everywhere from the rickety microbuses that are poor Egyptians’ main means of transport, to the myriad small...
View ArticleClik here to view.
Egypt’s al-Sisi: so far so good, say economists
After 100 days in power, Egypt’s president Abdel Fattah al-Sisi has been given a cautious thumbs up by economists. Al-Sisi, a former defence minister, won a landslide victory in Egypt’s presidential...
View ArticleClik here to view.
Egypt’s bold reforms start to bear fruit
Stability and bold new reforms after a period of political and economic turmoil will yield Egypt GDP growth of 3.5 per cent in the year to 2015 and 5 to 6 per cent thereafter, according to Renaissance...
View ArticleClik here to view.
Egypt’s hopes of attracting investment given timely boost by IMF
The IMF has endorsed Egypt’s economic reforms at the conclusion of an Article IV mission, giving Cairo a much-needed boost as it prepares to host a major investment conference in March aimed at...
View ArticleClik here to view.
Egypt cuts top tax rate as it seeks to charm foreign investors
Days ahead of hosting a high-profile international investment conference, Egypt has announced it is slashing its top tax rate in an apparent bid to enhance its appeal to potential investors. The top...
View ArticleClik here to view.
A guide to African currencies: the Milk Index
In 1986 The Economist magazine famously created its Big Mac Index, a guide to the fair value of a currency based on the principle of purchasing-power parity, which states that exchange rates should...
View ArticleClik here to view.
Egypt faces the ghosts of Algeria
Two years after President Mohamed Morsi’s ouster, Egypt faces a growing insurgency. The situation is eerily similar to Algeria in the 1990s, when civil war claimed over 100,000 lives. Strong steps must...
View ArticleClik here to view.
Egypt on the brink
The tragic crash of Metrojet Flight 9268 in Sinai, killing 224 people, looks increasingly to be the result of foul play by Isis. This has troubling implications for Egypt and the broader region and...
View ArticleClik here to view.
Financing renewables: how Egypt and Jordan are attracting private capital
While the world debates climate change at the COP21 talks in Paris, it is worth having a look at how the emerging economies of Egypt and Jordan are taking a lead in stimulating private investment in...
View ArticleClik here to view.
Egypt’s turn to Africa: much more than goods
Egypt is making a big push to restore its economic relations with other African nations, in trade and investment. This follows a long period of neglect. As recently as 2015, bilateral trade with the...
View ArticleClik here to view.
Egypt’s IMF programme to hit 30m poor
By Max Wrey, Alaco Since taking office in mid-2014, President Abdel Fattah el-Sisi has pursued the twin goals of maintaining social order and breathing life into the country’s sclerotic economy. He has...
View ArticleClik here to view.
Egypt devalues – now the hard work starts
After struggling with a lack of dollars in its economy for over a year, the Egyptian central bank finally threw in the towel, moving to a liberalisation of the pound against the dollar to allow the...
View ArticleClik here to view.
Egypt and the IMF: a good start, but only a start
Egypt’s agreement with the IMF on a $12bn, three-year loan will help finance Egypt’s import needs while cushioning the effects of the reduction in fuel subsidies and the floating of the pound, prior...
View Article
