Maggie Hyde
Economy Editor
Before becoming Economy Editor, Maggie wrote about economy and business at Egypt Independent. Previously, Maggie worked as an intern reporter in Egypt for the Associated Press. Before coming to Cairo, she wrote for the Midland Reporter Telegram in Texas, Medill News Service in Chicago, and Religion News Service in Washington D.C. She holds a Bachelor of Arts in Arabic and Classics from the University of Notre Dame, and a Master of Science in Journalism from the Medill School of Journalism at Northwestern University.
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An October report from IMF’s Tokyo meeting, which Egyptian officials attended, recommends that the government allow the country’s currency to respond to market forces as a short-term policy solution to closing the widening budget deficit...
Egyptian consumers have greater confidence, and are more likely to make durable goods purchases now than they were at the time President Mohamed Morsy first took office, according to a recent report by TNS Egypt, a market research company.
Since TNS...
Egypt was named as the 10th riskiest debtor in the world in a study by CMA Sovereign Global, a research agency for unlisted stocks and capital that is part of the Standard and Poor ratings agency.
The study, based on numbers from the third fiscal...
At the dead end of a winding side street in the central Cairo neighborhood of Sayeda Zeinab, Ashraf al-Husseini sat in front of the government-subsidized bakery that his family has been operating for nearly 50 years.
In this neighborhood, he said,...
Officials are making a concerted effort to assure foreign and domestic investors that the climate for business is safe and friendly after the stock market took a hit Monday due to some tough rhetoric on corporate corruption from President Mohamed...
The government needs to do more to further encourage foreign investment and face its own growing budget deficit soon, or else the economy could down spiral further, a panel of bankers and economists said on Wednesday.
“The government has to...
Officials tried to assure foreign and domestic investors that the local climate for business is safe and friendly on Tuesday, after the Egyptian stock market took a hit Monday due to some tough rhetoric on corporate corruption from President Mohamed...
Prime Minister Hesham Qandil said Wednesday that the government’s top priorities are security and economic and job growth. He added that with the help of foreign investors and companies, Egypt can turn its unemployment problem into a highly...
Egypt is currently taking a series of massive measures which officials say will help fix the country’s ailing economy. In recent weeks, it has received loans and investment pledges from Italy, Turkey, the United States, Saudi Arabia and China...
In the past year, Egypt has been dealt a series of crippling economic blows, but the Egyptian pound has not depreciated greatly, thanks to the Central Bank of Egypt and some of its costly measures.
But as the country’s political leaders embark...
