Egyptian Economy

IMF says Egypt's portfolio flows 'recovering'

Fri, 08 Jan 2021 - 02:23 GMT

Egypt's portfolio flows are recovering, with reported net inflows of more than $9 billion between June and October—following more than $15 billion in outflows during March/April— reflecting attractive domestic yields with 90-day T-bills at around 13.5 percent, International Monetary Fund (IMF) said Thursday.

IMF plans to disburse $1.6 billion to Egypt as part of $5.2 billion loan, hails its economy performance

Thu, 19 Nov 2020 - 09:32 GMT

The IMF staff team and the Egyptian authorities have reached a staff-level agreement on the first review of Egypt’s economic program supported by the IMF’s $5.2 billion Stand-by Arrangement

Finance min.: Egyptian economy managed to maintain resiliency in face of COVID-19 crisis

Thu, 29 Oct 2020 - 10:56 GMT

Finance Minister Mohamed Maait said the Egyptian economy managed to maintain resiliency in the face of the fallout of the coronavirus due to the historic economic reforms over the past few years.

Egypt’s finance min. reviews Goldman Sachs’ report hailing country’s economy as robust

Thu, 17 Sep 2020 - 12:43 GMT

Maeet said the report affirms that partial closure Egypt had imposed in light of the coronavirus crisis has spared Egypt further harm to economy.

Rise of Egypt's forex reserves indicates strong economy: MPs

Wed, 05 Jun 2019 - 07:00 GMT

Many parliament members said that this increase restores much confidence in the Egyptian economy and encourages investments.

Business Today to honor Egypt's influential companies February

Thu, 03 Jan 2019 - 12:39 GMT

Amr Nassar, Egypt's minister of trade and industry, is set to attend the ceremony on behalf of Prime Minister Mostafa Madbouly.

Egyptian economy to become more competitive among emerging markets: EFG Hermes

Mon, 31 Dec 2018 - 02:50 GMT

EFG Hermes, a leading financial services with over 880 employees in seven countries, said Monday the Egyptian economy is going to be more coherent and competitive among emerging markets in 2019

2018 in hindsight: Aman Certificate secures future of informal, temporary workers

Fri, 28 Dec 2018 - 12:26 GMT

“Aman has changed our lives ... We now feel safer and more at ease; I know that if something were to happen to me, my kids would be alright."

Egypt reaches staff-agreement with IMF for $2B disbursement

Wed, 31 Oct 2018 - 08:51 GMT

The International Monetary Fund’s (IMF) mission in Egypt expressed Wednesday positive views on the Egyptian economy performance.

Vietnamese President’s aims to visit to enhance cooperation with Egypt: MP

Mon, 27 Aug 2018 - 01:14 GMT

Vietnamese president’s visit reflects the cooperation between the two countries in investment and trade sectors.

‘Try before you buy’ Ideology pushes companies to hire freelancers

Tue, 17 Jul 2018 - 08:00 GMT

“Hiring a freelancer is akin to screening all possible future employees for a period of time, without any of the commitment; no contract, taxes, insurance.”

Business save money by opting for freelancers

Mon, 16 Jul 2018 - 08:00 GMT

35 percent of the workforce is expected to become freelancers and independent contractors by 2020.

Analysis: Why employees are turning to freelancing

Sun, 15 Jul 2018 - 08:00 GMT

Freelancing has always been a way of making money on the side, but why are more and more employees turning to freelancing.

Sukuk: Egypt’s move towards Islamic bonds?

Wed, 27 Jun 2018 - 05:01 GMT

Egypt to tap into the international sukuk market in fiscal year 2018-19, hopes Finance Minister Mohamed Maait.

Industrial Workers of World Day: Celebrating SCZone, RIZ

Wed, 27 Jun 2018 - 01:25 GMT

On the day celebrating Industrial Workers of the World, Egypt Today celebrates Suez Canal Economic Zone (SCZone).

Cutting subsidies: Putting money where it belongs

Sat, 16 Jun 2018 - 12:27 GMT

Economic reform steps taken to decrease subsidies and spending are set to put Egypt on a brighter economic path.

Mona Aboud: A woman with many hats

Mon, 28 May 2018 - 09:30 GMT

The development expert gives us an insight into the booming property market.

Preparing for take-off: Boeing’s Bernie Dunn

Sun, 27 May 2018 - 02:34 GMT

Bernie Dun, President of Boeing Middle East, North Africa and Turkey talks to Egypt Today about their partnership with Cairo University, the importance of the Egyptian market and the role the company plans to play in the Middle East over the next 20 years

What the Russian Industrial Zone means for Egypt

Thu, 24 May 2018 - 01:00 GMT

RIZ is set to decrease unemployment in Egypt, increase foreign direct investment (FDI), increase production and establish Egypt as a trade hub.

Egyptian economy to experience near-term growth: UN official

Tue, 17 Apr 2018 - 01:28 GMT

United Nations Resident Coordinator in the Arab Republic of Egypt Richard Dictus stated that the Egyptian economy will witness a substantial growth in a year and half.