Over the last couple of years, Egypt’s economic landscape has faced significant turbulence. At the heart of this storm is the Central Bank of Egypt (CBE), grappling with a depreciating currency and rampant inflation. The freefall of the pound has become the talk of the town, from the wealthy safeguarding their savings to the less […]
Crisis is defined as ‘a time of intense difficulty or danger’. Today’s world seems to be revolving around three crises at the same time: the climate crisis, conflict in Europe and the post-covid economic challenges, namely inflation. In managing situations, the brain tends to look back at similar experiences and try to carry forward the
On that evening back in the day, we were blessed to have very good seats right in the middle of the main hall at the Cairo Opera House. It was a ballet performance, and I was seated with family members. The show was outstanding, and the dancers almost flew with the music. They were very
Tomaso Rodriguez is more than your usual entrepreneur. Problem-solving seems bred in his bones, even if it means emerging from the deep end against all odds, whilst still managing to keep up a contagiously positive attitude. At least, that’s the impression Tomaso elicits when he begins a talk he recently gave at the AUC School
Since COVID-19’s spread as a pandemic, business vulnerabilities have been exposed tremendously especially with regards to their supply chain models, placing business-continuity at risk. Should businesses re-think and transform their supply chain models? The global outbreak has been causing businesses world-wide to experience supply chain disruptions, whether due to having raw materials stuck across borders,
The COVID-19 outbreak is having profound effects on every single person on the planet. Of course the harshly-felt health, safety, economic and mobility drawbacks of this pandemic are at the forefront. However, this unprecedented disaster is also triggering outcomes that are causing all types of institutions to rethink their modes of operation and even their
After COVID-19 found its way into Egypt, several decisions restricting mass movement and commercial activities were enforced. The novel coronavirus prompted cancellation of final exams for most educational levels, a nationwide 11-hour daily curfew, reducing public sector daily force by 50%, and adoption of a wide-spread work-from-home policy across different public and private companies and
Since the global coronavirus pandemic crossed into Egypt’s borders, a number of basic medical supplies have dramatically gone up in price, namely latex gloves, medical masks, sanitizers and medical-grade alcohol. A quick search through the online marketplace Olx.com.eg for medical masks will reveal prices in the hundreds of Egyptian pounds. Latex gloves are also selling
The biggest threat to global economy since the 2008 financial crisis, the novel Coronavirus (COVID-19) has proven to be vicious and resilient, with no signs of abating anytime soon. Faced with such powerful, invisible enemy, businesses across the world have been hit hard. Big conglomerates and corporations may have deep enough pockets to weather the storm,
