In recent weeks, the country’s Financial Regulatory Authority (FRA) issued a declaration to all companies under its supervision including companies listed on the Egyptian Stock Exchange (EGX) and the non-banking financial sector to include at least one woman on their boards by the end of the year. The declaration affirms the FRA’s decisions numbers 123 […]
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The 2019 annual monitoring report published by the Egypt-based Women on Boards Observatory (WoB) has revealed varying results in the gender parity performance of companies it has observed across many sectors and industries in Egypt. Focusing on the representation of women on boards in four key sectors, companies listed on the Egyptian stock exchange (EGX) and
The government’s economic reform program is coming to a close – what is left now is ensuring growth sustainability and social justice. While Minister of Finance Mohamed Maait emphasized his optimism about Egypt’s future prospects and place in the global economy at the Euromoney Egypt Conference 2019 earlier this month, a number of external factors
With the final tranche of the International Monetary Fund’s (IMF) Extended Fund Facility receiving the green light, Egypt is on its way to conclude a major phase of its economic reform program. Through its report “Half empty or half full: Egypt’s economic outlook,” Dcode for Economic and Financial Consulting takes a look at whether the
With the government’s commitment to pursue anti-corruption efforts in the state’s administrative apparatus, the complexity of Egypt’s governance system and the fact that it has been long caught in the snarls of bureaucracy may require more drastic measures. The large number of the country’s ministries and legislations contribute to the entanglement of the yarn holding
In 2017, Minister of Investment and International Cooperation Sahar Nasr introduced the New Investment Law No. 72 of 2017, which was passed by Parliament. The law aimed at encouraging investors to look at Egypt as a fruitful and easy investment destination. Red tape was cut, terms became more lenient and foreigners were treated equally, in
After years of political and economic turmoil in Egypt, the country has been busily attempting to ameliorate its investment climate to attract more foreign and local investors. To supplement its target, multiple relevant changes have taken place including, a new investment law to alleviate what was deemed as “red tape”. To provide a run-through of
Business Forward celebrated its first anniversary on December 3 under the umbrella theme of The DNA of Egypt’s real economy: A look forward. During the event, senior representative of the International Monetary Fund (IMF) in Egypt Reza Baqir gave an account of the three main support areas of the fund. Besides providing loans, the IMF
Business Forward celebrated its first anniversary on December 3 under the umbrella theme of The DNA of Egypt’s real economy: A look forward. During the event, the president of the American Chamber of Commerce in Egypt Tarek Tawfik showcased his viewpoint on the sentiment of investors towards the investment landscape in Egypt, what has been
The 23rd Euromoney Egypt conference returned to the country for two days on September 4 and 5, 2018 under the theme of “Resilience and Agility”. During the conference, Egypt’s Minister of Finance Mohamed Maait offered an overall outlook on Egypt’s economic performance, its plans to grow strong with what he described as a comprehensive economic
In July 2018, the International Monetary Fund (IMF) published its third review of Egypt to evaluate the country’s economic and fiscal performance since its agreement to a $12-million extended fund facility. While “the economic situation has continued to improve
