Source: Madamasr Author(s): Osman El Sharnoubi Original Link: https://madamasr.com/en/2019/07/12/feature/economy/some-people-prefer-working-in-the-shadows/ Egypt’s vast informal economy has drawn the focus of government officials in recent years. Authorities have been looking to merge the informal economy with the formal economy as quickly as possible in order to boost official economic...
Learn MoreSource: Madamasr Author(s): Osman El Sharnoubi Original Link: https://madamasr.com/en/2019/06/17/feature/economy/the-government-wants-to-reduce-its-debt-will-its-new-strategy-work/ On May 5th, the Ministry of Finance released the government’s long-awaited debt management strategy. The government plan, which had originally been scheduled for release in March, comes at a crucial period in...
Learn MoreSource: Madamasr Author(s): Mohamed Hamama and Osama El Sharnoubi Original Link: https://madamasr.com/en/2019/05/16/feature/economy/is-the-government-building-a-parallel-bureaucracy/ In March, the Egyptian government issued an official framework for a planned sovereign wealth fund that is fully owned by the state and will operate as an independent body — legally, administratively and...
Learn MoreSource: MadaMasr Author(s): Osman El Sharnoubi Original Link: https://www.madamasr.com/en/2018/03/29/feature/economy/the-ups-and-downs-of-egypts-interest-rates-what-does-the-central-bank-want/ The Central Bank of Egypt’s Monetary Policy Committee will meet later today to decide whether to cut interests rates for the second time since January 2015. The 1-percent drop the committee instituted...
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