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 […]
The Egyptian stock market has been on a rollercoaster over the last couple of years. From a significant rise beginning in 2022 through early March 2024, to a sharp decline afterwards, despite the positive economic news. This has left many people, especially small investors, bewildered. Shouldn’t the stock market reflect the real economy’s state? Despite
![[Explained] Islamic Sukuk](https://businessforwardauc.com/wp-content/uploads/2025/02/eduardo-soares-utWyPB8_FU8-unsplash-scaled-1-1024x683.jpg)
“Egypt’s First Islamic three-year Sovereign Sukuk with a yield of 11-11.6 percent” has been ricocheting across the news recently. Most of us have heard about sovereign bonds, but what is an Islamic Sukuk, and why did Egypt decide to finally tap this market for the first time, a move that has been anticipated for some
“Aftermath of a pandemic, geopolitical tension, inflation, and monetary tightening” label the current turbulent global economy. We have seen unfamiliar inflation levels of above 5 percent across the globe including in the US, EU, UK, and the Gulf countries in the past year. Egypt, like other countries, has fallen into the inflation whirlpool. The current
I was getting settled on a British Airways plane, due to take off from London Heathrow airport to Amman, Jordan a few hours before many airports closed down for commercial flights in the Middle East region and beyond back in March 2020. After the passengers were on board the plane, many were on their cell
Egypt is facing an unprecedented economic crisis as we head into 2023, with inflation soaring to 21.3 percent as of December 2022 and the value of the Egyptian pound falling to record lows. This crisis point has been reached by a series of unfortunate events, including the war in Ukraine, which has led to a
“Our growth rate recently is mainly triggered by public investment, which is largely generating jobs in sectors with low skills. This has been sustaining growth but if we want to move forward, we have to be changing our trajectory,” said Tarek Tawfik, President of The American Chamber of Commerce (AmCham) in Egypt during Business Forward
The Egyptian Stock Exchange isn’t anywhere near its full potential, as per experts. However, 2021 seems to have been an exceptionally good year for the stock market, which is the oldest established in the region. How do you see its future?
When Egypt’s economic reform journey took off in 2016, officials focused on measures and policies that aim to stabilize macroeconomic indicators, and effectively prioritized fiscal and monetary reform policies. On the back of a rebounding tourism sector and heavy government spending on big infrastructure projects, the country’s economy made leaps forward in terms of its
Globally, stock market independence has become a thoroughly studied issue amongst scholars, not solely in the field of economics and finance, but also in engineering and information technology. Understanding how global exchanges interact and how dependent they are on each other helps economists, investors and financiers make better decisions and suggest more effective policies. Stock
While Egypt is currently encouraging businesses to enlist their companies in the Egyptian Exchange (EGX) through the government’s initial public offering (IPO) program, companies are concerned about a shaky exit scenario and poor reflection of the capital market’s performance on the EGX. The question is: how confident can companies be about enlisting in or delisting
An entrepreneur-turned-Egyptian Exchange (EGX) chairman, Mohamed Farid knows the ins and outs of the entrepreneurial life. During RiseUp Summit 2018, Farid revealed that he had to bid his entrepreneurial life adieu in order to lead the EGX as of August 2017. The EGX chairman revealed that – as an entrepreneur – he had founded three
