I pay careful attention to the upbeat remarks made by officials regarding the Egyptian economy. I am fully aware of the numerous reforms that are in progress and the notable advancements that have been made in a number of sectors. However, I also (...)
The Bank of New York Mellon Corp. (BNY) praised on Friday Egypt's new ministerial economic group for their successful collaboration in fostering a supportive environment for the private sector.
BNY emphasised the positive impact of this coordinated (...)
Minister of Finance Ahmed Kouchouk on Friday highlighted Egypt's significant strides in attracting foreign investment over the past five years. He emphasised the importance of sustained economic reforms to further bolster the country's growth and (...)
Egypt's Minister of Investment Hassan El-Khatib on Friday outlined the country's compelling investment proposition. According to Minister El-Khatib, Egypt's competitive edge is underpinned by four key factors:
* Robust Infrastructure: Egypt has (...)
From Piccadilly Street in the British capital of London. Exactly on the opposite side of Green Park, I sat down to take notes on one of Egypt's most significant missions to encourage investment in UK. It was only a 72-hour journey, but I believe it (...)
Dr. Mohamed Farid, chairman of Egypt's Financial Regulatory Authority (FRA), has said that economic reforms being implemented by the government aim at enhancing the efficiency and competitiveness of the non-banking financial sector.
At the British (...)
Rami Aboulnaga, deputy governor of the Central Bank of Egypt, said on Friday that the Egyptian financial system was capable of weathering the initial impact of unification and monetary tightening.
Addressing one of the sessions of the British (...)
A key Egyptian door-knock mission, led by government officials, business leaders, and high-profile investors, has on Wednesday embarked on a three-day visit to London, United Kingdom.
Organised by the British Egyptian Business Association (BEBA), (...)
Egypt's Minister of Finance, Ahmed Kouchouk addressed investors on Thursday during a session focused on de-risking the country's investment environment.
At the British Egyptian Business Association (BEBA) annual door-knock Mission to the UK, (...)
Egypt's Minister of Investment and Foreign Trade, Hassan El-Khatib outlined on Thursday the government's economic strategy, which prioritises attracting foreign direct investment (FDI), diversifying income sources, bolstering the private sector, and (...)
Egyptian-Emirati commercial connections have been strong and resilient since the 1970s, thanks to the vision of the UAE's founder, Sheikh Zayed bin Sultan Al Nahyan. He saw Egypt as a pillar of political and security stability in the Middle East, as (...)
I can't find the words to express how horrifying the episode was, when Israeli occupiers attacked the "Al-Tabi'in" school at dawn on Saturday, the 309th day of the savage Zionist occupation's onslaught against the Gaza Strip.
A horrific slaughter (...)
Let me begin with a minute of silence for Egyptian sports. I'm talking about sports in general since Egypt's defeats at the Paris 2024 Olympics, which concludes on Sunday, were not restricted to one event but included all individual and team (...)
I resume writing after a three-week break due to personal emergencies. I had hoped to resume my articles with happy or at least positive news. However, it seems the current phase is characterised by turmoil, complexity, and danger, especially after (...)
Today, July 7, 2024, marks the beginning of Dr. Mostafa Madbouly's new term as Prime Minister. Let's set aside any feelings of happiness related to personal interests or disappointment over the departure of an official who may have been a (...)
In 2003, twenty-one years ago, Dr. Farouk El Okda assumed the role of governor of the Central Bank of Egypt. His appointment marked a fresh beginning for an internationally-recognised banking figure. Dr. El Okda played a pivotal role in establishing (...)
Egyptian expatriates are a major source of hard currency inflows. They have always been sending billions of dollars into Egyptian banks to finance their families' expenses or to fund their onshore enterprises.
Annual expat remittances ranged between (...)
After 24 hours of applying the government's decision to hike price of subsidised bread by 300 per cent, we surprisingly see a drop in the income of more than 75 million Egyptians. This decline is the result of raising the price of subsidised bread, (...)
This past week was filled with a wide range of events, situations, and emotions, from uplifting and inspirational to very sorrowful which marked the death of persons who will be missed. The quick sequence of economic and political changes, moreover, (...)
Egypt's economic outlook is brightening. Recent data from both domestic and international sources point to positive trends. A significant boost is coming in the form of foreign currency, with an expected inflow of $60 billion by 2024, which is (...)
Has Israel lost sympathy of international public opinion?
The answer is unequivocally "yes." This is the least of the expenses that Israel will bear as a result of its cruel war against the innocent people of Gaza. Netanyahu, the "extremely stupid (...)
We are just hours away from the Parliament's extraordinary session, where President Abdel Fattah El Sisi will take the constitutional oath for another six-year term beginning April 3, 2024.
A historic session in which President Abdel Fattah El Sisi (...)
It is evident that external rather than local factors, played a pivotal role in the recent financial breakthrough that sent shockwaves through Egypt's economic community.
I think that Egypt's future economic trajectory necessitates the collaboration (...)
I'd like to congratulate the UAE government and people on the historic agreement reached with Egypt for the development of the city of Ras El Hekma, west of Alexandria. Also, I'd like to express my amazement at the UAE's extraordinary progress in (...)
Sharp swings have been observed in Egypt's FX black market after the news of the signing of an agreement to implement Ras El Hekma resort, northwest Egypt, with investments reaching $22 billion went viral. I think that any move towards creating (...)