As Egyptians Google the name of their unknown Prime Minister to find out more about him, the economic ills of the country are well-known to all. CONTINUE READING

EFG expects the economy to post a 3% growth this year, after contracting nearly 1% in 2011. But it has largely been a jobless recovery as unemployment stands at a decade high of little over 12%. READ MORE HERE

The Egyptian economy could grow by 4% in the current fiscal year despite a plethora of challenges facing the country. READ MORE HERE

Around 11 million SMEs remain unserved or underserved in the Middle East, presenting a massive USD15-billion opportunity for the banking industry. READ MORE HERE

Ratings agency Moody says that political instability in Egypt (Ba3 negative), epitomized in the recent, tendered resignation of its interim government on 11 October, is credit negative amid the country”s deteriorating economic conditions, rising pressure on government finances and an increasingly urgent need for the government to shore up external assistance for the balance of payments.
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The Arab Spring not only cost at least three dictators their jobs but also $56-billlion in lost GDP for the worst affected countries, according to a statistical study by a consulting firm. READ MORE HERE

Could the Arab Spring have been predicted? More significant, could we have predicted that Saudi Arabia will remain stable throughout the turmoil? Or even where Bin Laden was hiding? New data mining techniques suggest we can. READ MORE HERE