In what ways have the recent economic reforms isolated Egypt from global market trends and volatility?
Egypt Financial Services
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Interviews & Viewpoints | Mohamed Farid Saleh, Chairman, Egyptian Exchange (EGX): Interview from The Report: Egypt 2020
Interviews & Viewpoints | Hisham Ezz Al Arab, Chairman and Managing Director, Commercial International Bank: Interview from The Report: Egypt 2020
How would you evaluate the capacity of Egypt’s banks to lead the country’s post-Covid-19 recovery?
Articles & Analysis | How a digital currency is pushing banks to address technology-based risk from The Report: Egypt 2020
The first cryptocurrency transaction in history was feted in just two words: “Running Bitcoin”. This came in the form of a tweet on January 11, 2009 by Hal Finney, a US software developer. Some 10 years and over 1600 initial coin offerings later, the world of crypto-, virtual and other digital currencies looks to have provoked an active...
Articles & Analysis | How Egypt's banking policies are supporting private sector lending from The Report: Egypt 2020
Higher interest rates following the flotation of the Egyptian pound in 2016 made it costly for businesses and individuals to obtain funding from Egyptian banks. The depreciation of the currency also raised input costs for businesses and reduced their ability to expand operations, thereby reducing demand for funding to cover capital expenditure...
Articles & Analysis | How banking reform is boosting business lending in Egypt from The Report: Egypt 2020
The largest of its kind in North Africa, Egypt’s banking sector has also long been seen as one of the most stable in the region. Since 2010 the industry has overcome the challenges of political revolution, currency crises and an interest rate environment that has acted as a barrier to credit extension. While Egypt’s macroeconomic outlook at...
Articles & Analysis | How is Egypt's private sector fuelling digital banking growth? from The Report: Egypt 2020
Egypt’s sizeable informal economy represents a significant challenge for the government. With between 40% and 60% of economic activity taking place out of sight of the Ministry of Finance, the government’s economic reform agenda faces a number of obstacles. Informal employment is generally characterised by low-wage, low-skill activity with...