Egypt has increased public spending on health care to around 3% of GDP, according to the state budget for the current fiscal year (FY) 2020/21 which was issued by the Ministry of […]
Egypt’s Healthcare Sector
Looking For The Highest Interest Rate In Egypt (CDs)
Back in September 2020, NBE and Banque Misr stopped offering 15% fixed-rate savings certificates launched in mid-March. These high-interest rates were the highest in the market. Given that these high high-yield rates […]
What Joe Biden’s win means for Egypt and the Middle East
After four days of vote-counting, Joe Biden and running mate Kamala Harris crossed the 270 electoral college vote mark and won the 2020 U.S. elections. According to the Associated Press, Biden has […]
Egypt’s Banking Sector: An Overview [2020]
As of October 2020, there are 38 banks which are licensed to operate in Egypt. This number was higher back in 2005 but decreased gradually after a number of consolidations. This article […]
Why did the CBE remove the chairman of the CIB?
Yesterday, the CBE dismissed the chairman and managing director of the Commercial International Bank in Egypt (CIB) Hisham Ezz Al-Arab. The CBE decision came after an investigation which showed “serious violations of […]
EgyptAir and Ghana sign partnership MoU for new national carrier
Ghana seeks to become the aviation hub of the Sub-Saharan Africa region through to establishing a new flag carrier. Interestingly, the country has one of the fastest growing economies in the world. Last […]
The Reason behind the devaluation of the Egyptian Pound
The 25th of January 2011 marked the outbreak of the Egyptian revolution. It marked a day were Egyptians aspired to improve the social, economic and political landscape of the region. But the […]
Why Mohamed Salah’s market value is higher than Messi’s
As of November 2020, Mohamed Salah has a market value of $120 million which is higher than Messi’s market value of $100 million. The Egyptian professional footballer who plays as a forward […]
Top 3 lessons: Investing in the Egyptian market
I started investing in the Egyptian stock market over 5 years ago. At that point in time, I had already traded stocks listed in the United States and Germany and decided to […]
Egypt’s non-oil business activity expands for first time since July 2019
Egypt’s non-oil business activity improved for the first time since July 2019. This indicator is considered an important economic measure, as companies, investors, and financial institutions rely on it to recognize the […]
Why Egypt will transition to plastic currency in 2021?
The governor of the Central Bank of Egypt announced that the CBE will issue LE 10 and LE 20 polymer notes by the beginning of 2021. This move comes as the CBE […]
