Our Views Based on correspondence of the World Economic Forum with the Egyptian Center for Economic Studies, the sole institutional partner of the forum on the Egyptian side, the World Economic Forum decided to postpone the release of the Global Competitiveness Report for the second year in a row to 2023. For more details and […]
Our Views On Monday January 24th, Prime Minister Mostafa Madbouly held a meeting with heads and representatives of export councils, with the aim of discussing their proposals to increase Egyptian exports over the near future. The meeting was attended by Minister of Trade and Industry Nevin Jameh, Assistant Minister of Trade and Industry Ibrahim El […]
Our Views The European Union has appealed to the World Trade Organization against Egypt’s import registration requirements, which it described as “arbitrary” and in violation of World Trade Organization rules, according to what the European Commission said in a statement last Wednesday. For more details and full views, download the document below
Our Views The Governor of the Egyptian Central Bank stated that the rules of import regulation that were announced are irreversible, and no amendments will be made to them, stressing that Egyptian banks are ready to implement the new procedures efficiently. For more details and full views, download the document below
Our Views The Federation of Egyptian Banks issued a statement today stressing that the Central Bank’s decision is a regulatory banking measure issued in line with the recent decisions of the Cabinet regarding the governance of import procedures, and to complement the shipment pre-registration system.The Federation added that the decision aims to raise the quality […]
Our Views The Russian army continued its advance into Ukrainian territory towards the capital, Kyiv, for the sixth day after it managed on Tuesday to control the city of Kherson in southern Ukraine, near the Crimean Peninsula. Meanwhile, Russian President Vladimir Putin set 5 demands in exchange for a ceasefire, foremost of which is respect […]
Our Views The Ministry of Trade and Industry decided to amend some provisions of import and export. The Official Gazette published in its issue yesterday, Decision No. 126 of 2022 regarding Article No. 17 of the rules implementing the provisions of Law No. 118 of 1975 regarding import and export. For more details and full […]
Our Views The Cabinet, at its meeting today headed by Dr. Mostafa Madbouly, approved a number of decisions presented by Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones. The aim is to: Provide incentives and support to investment activities related to the green economy, artificial intelligence, innovation, and scientific […]
Our Views The buying and selling exchange rates of the US dollar recorded EGP 17.40 and EGP 17.50, respectively in the National Bank of Egypt (NBE). The NBE decided to issue a saving certificate with a fixed rate of return of 18 percent throughout the period of keeping the certificate. For more details and full […]
Our Views In context of the Minister of Finance’s explanation of the sources of funding for Egypt’s mega projects, he indicated two separate budgets, namely: The state budget, which is managed by the Ministry of Finance, and the budget of the 55 Economic Authorities, which is separate from that of the Ministry of Finance. It […]