Ahram Online According to a report by the World Bank on Tuesday, the economic growth rate projection for the Egyptian economy is expected to rise from 5.9% to 6.1% in the fiscal year (FY) 2021/22. “The Egyptian economy is expected to record 4.8% growth in the FY 2022/23, a 0.7% downgrade …
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David McNair As diplomats put the final touches on preparations for a joint summit between the African Union (AU) and the European Union (EU) this week, early indications suggest the headline outcomes will disappoint. But what is happening behind the scenes is much more significant. Why? Because dry intergovernmental negotiations …
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Ahram Online Egyptian President, Abdel-Fattah al-Sisi, inaugurated the 2nd ‘Global Forum for Higher Education and Scientific Research’ (GFHS), at the 14th Islamic World Educational, Scientific and Cultural Organization (ICESCO) conference in the New Administrative Capital on Wednesday. In his speech, the President vowed to provide free education opportunities for talents …
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Egypt Independent “Egyptian revenues from tourism fell by 67.4%, to US$3.1 Billion in the first nine months of 2020-2021 fiscal year”, the Central Bank of Egypt (CBE) announced in a statement late on Tuesday. “Net foreign direct investment flows to Egypt in the first nine months of the 2020-2021 fiscal …
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Doaa Moneim – Ahram Online The International Monetary Fund (IMF) expects a slower recovery from the pandemic in emerging markets and developing economies compared to advanced economies. The slow recovery is due to the COVID-19 pandemic and the delay in vaccines roll out. Paulo Mauro, the Deputy Director at the …
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Marina Wes In common with the rest of the world, everyone in Egypt is currently living through the dramatic changes caused by the COVID-19 pandemic. However, the crisis provides an opportunity to advance the reform agenda in support of reaching the country’s fundamental development goals. In 2016, Egypt launched a …
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Last year’s agreement on an EU recovery package was widely celebrated. This year its inadequacy will sink in. Adam Tooze The attention of the European public is with good reason focused on the pandemic and the need to accelerate the rollout of the vaccines. But other risks lurk ahead. Since …
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Could the COVID-19 pandemic spill the end of globalisation? Dina Shehata Does the coronavirus represent the death knell of the era of freewheeling globalisation? Is the closing of National borders, the interruption of air travel and tourism, the disruption of global trade and global supply chains, the decline in foreign …
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The frail eurozone recovery hinges entirely on guarantee by the European Central Bank. Adam Tooze In the final weeks of 2020, an optimist might see light at the end of the tunnel. Europe was hit hard by the second wave of Covid-19. But it is being brought under control. Several …
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The pandemic has highlighted the fragility of social protection, especially in the developing world. A new global fund is needed, and it’s affordable. Olivier De Schutter* The Covid-19 pandemic and the workplace closures adopted by governments to limit the spread of the virus have imposed an unprecedented ‘stress test’ on social-protection systems …
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