Contributions

News

Banks' credit balances in Egypt jumped  by 18.4 percent or LE108 billion (US$14 billion) during July/April 2014/2015, according to the Central Bank of Egypt’s (CBE) monthly report released on Monday.   Moreover, the report noted...
Egypt has been selected to host the 16th Global Symposium for Regulators (GSR), affiliated to the International Telecommunications Union (ITU), in May 2016 in Sharm el-Sheikh, said the Communication and Information Technology Ministry in a...
The ministers of industry and finance agreed to take operational steps to establish a network for the development of Egyptian trade and facilitating the work of importers and exporters.   The network targets the electronic linking of the ports...
The number of Egyptians who had won official approvals to migrate abroad moved up by 17.4 percent during 2014, according to a government report.   “The number of Egyptian emigrants who have obtained approval to migrate and those who have...
The Egyptian government is nearing a deal with the International Monetary Fund for a financial loan that Egypt hopes would earn its economy the confidence of international donors and investors, a newspaper has reported.   Egypt’s...
Egypt's market lost ground on Monday's session, as the benchmark EGX30 index dropped plummeted by 4.23 percent, recording 7,870.78  points and a turnover of LE503 million, the Egyptian Exchange data showed.   Meanwhile, the small...
A recent report issued by the Cairo Center for Economic Studies on energy subsidies has shown that the government has decided to reduce spending in oil (in direct contrast to increased spending in other areas) to LE61.6 billion in the next fiscal...
Egypt’s average natural gas production has declined to 4.395 bcf/day y-t-d, down from 4.6 bcf/day in 2014, according to daily business newspaper Al-Borsa.    This slowdown is a result of foreign partners lagging in well development...
The Egyptian government will seek to raise LE262 billion from the sale of domestic debt in the  first quarter of 2015/16 fiscal year, up from LE 217 billion planned a year earlier,  in an effort to finance the budget deficit, ...
Egypt's market traded sideways on Sunday's session, as the benchmark EGX30 index declined by 1.16 percent, recording 8,218.25 points and a turnover of LE616 million, the Egyptian Exchange data showed.   Meanwhile, the small and mid-cap...

Opinion articles

Downtown Cairo is once again a battlefield, and this time, the military is not just a silent facilitator, but an active participant — beating, dragging, shooting, and assaulting civilians. The latest round of brutality has led us to not only...
On 24 November, we issued the first edition of our new project, Egypt Independent, a weekly, 24-page newspaper that attempts to unpack Egypt’s complex and dynamic political and cultural landscape. It was not long before we were interrupted....