Economy

Importing 1 mn tons of wheat enough to raise reserves: Food industries company chief

Importing 1 mn tons of wheat enough to raise reserves: Food industries company chief

Egyptian ports will receive 1 million tons of wheat until February, raising wheat reserves through April. Hassan Kamel, head of the…
Investments plagued with low-qualified workers

Investments plagued with low-qualified workers

Egypt is suffering a clear lack of investments, which many businessmen who run factories in various industrial zones across the…
Egypt relies on Gulf aid for economy: Then what?

Egypt relies on Gulf aid for economy: Then what?

Egypt is engaged in a high stakes gamble, using billions of dollars from Gulf Arab allies to stimulate the economy and keep its…
Abu Dhabi bank chief says Egypt must develop base of economy

Abu Dhabi bank chief says Egypt must develop base of economy

In order to reach its potential, Egypt must first develop the base of its economy, which currently lacks raw materials…
Is the worst over for Egypt’s economy?

Is the worst over for Egypt’s economy?

Could Egypt’s economy be on the road to recovery? Some indicators suggest this might be the case.
Egypt sees a drop in millionaires during Morsy

Egypt sees a drop in millionaires during Morsy

The number of millionaires in Egypt fell by around 3,000 during Morsy’s one-year rule, according to Credit Suisse Research Institute’s…
Egypt’s economic competitiveness plunges to new lows

Egypt’s economic competitiveness plunges to new lows

Political instability has caused Egypt’s economic competitiveness to tumble from 107th to 118th out of 148 countries, according to Global…
New mandatory pricing list: a merchant’s nightmare

New mandatory pricing list: a merchant’s nightmare

The interim government has threatened imposing a so-called “mandatory pricing list” on merchants to fight soaring commodity prices and merchants’…
Government cuts commodity prices as part of stimulus plan

Government cuts commodity prices as part of stimulus plan

In light of current high inflation rates, which rose an alarming 0.7 percent, the interim government launched a new price…
Making the most of Gulf aid to Egypt

Making the most of Gulf aid to Egypt

We may not like it, but Egypt desperately needs Gulf money.So why not change the way the Gulf lends money to Egypt…
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