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Sisi victory unlikely to usher in bold economic reform Sisi victory unlikely to usher in bold economic reform(0)

Egyptians are looking to Abdel Fattah al-Sisi to breathe life back into the economy following his victory in presidential elections, but analysts say the former field marshal is unlikely to pursue bold structural reforms. CONTINUE READING

Deserted Egyptian hotels reflect impact of turmoil Deserted Egyptian hotels reflect impact of turmoil(0)

Egypt’s hotel occupancy rates continue to fall as the country’s hospitality sector reels from the continued political turmoil. CONTINUE READING

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Hope springs as Egypt property remains resilient Hope springs as Egypt property remains resilient(0)

Amid the gloom, Egypt’s real estate sector continues to remain resilient. CONTINUE READING

sierragoddess / Foter / CC BY-ND
Hope springs as Egypt property remains resilient Hope springs as Egypt property remains resilient(0)

Amid the gloom, Egypt’s real estate sector continues to remain resilient.

SODIC, or Sixth of October For Development and Investment Company, saw strong new sales in the second quarter published on September 4. CONTINUE READING

Marwa Morgan / Foter / CC BY-NC-ND
Political revolt leaves Egyptian economy struggling Political revolt leaves Egyptian economy struggling(0)

Government expenditure has risen 45%, taxes 28% and subsidies 79% since the Egyptian revolution, according to a new report. CONTINUE READING

Jonathan Rashad / Foter / CC BY-NC-SA
Egypt risks debt default as political impasse continues Egypt risks debt default as political impasse continues(0)

Egypt is the fifth most likely country set to default according to latest data from S&P Capital IQ. CONTINUE READING

khalid almasoud / Foter / CC BY-NC
Egypt politics keep investors on the sidelines Egypt politics keep investors on the sidelines(0)

The Egyptian market soared more than 7% as news of the Muslim Brotherhood government’s ouster was announced and investors hoped it would lead to greater market-focused economic decision-making. CONTINUE READING

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No light yet at the end of Egypt’s political tunnel No light yet at the end of Egypt’s political tunnel(0)

In an ironic twist, the Egyptian army has saved democracy-seeking citizens from the Muslim Brotherhood. And while there is much rejoicing among the liberal, secular and even Salafists, the army may have set a dangerous precedent. CONTINUE READING

freestylee / Foter / CC BY-NC-SA
IMF loan may be sole lifeline for Egypt IMF loan may be sole lifeline for Egypt(0)

The Egyptian economy appears to be free falling as crisis after crisis seems to chip away at business confidence. CONTINUE READING

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Arab Tourism Threat Arab Tourism Threat(0)

WanderingtheWorld (www.LostManProject.com) / Travel Photos / CC BY-NC

The Arab World is getting hotter and drier, and there is a danger that the snow-peaked caps of Lebanon, Arabian Gulf coastal areas and coral reefs threaten the tourism industry, a new report warns. CONTNUE READING

100 Million Tourists For MENA Countries 100 Million Tourists For MENA Countries(0)
betta design / Foter / CC BY-NC

The Middle East tourism industry’s progress was cut short by the Arab Spring crisis and it’s still reeling from the after shocks that reverberate in countries across the region. CONTINUE READING

Arab Countries In Transition Arab Countries In Transition(0)
freestylee / Foter / CC BY

Countries hit by the promising but disruptive Arab Spring will need financing to the tune of USD43-billion next year, according to the International Monetary Fund (IMF). CONTINUE READING

Egypt’s energy prospects Egypt’s energy prospects(0)
Joonas Plaan / Foter / CC BY

BP’s decision to reportedly spend USD11-billion in Egypt’s deep-water gas deposits is a significant move by the oil major which could be a game-changer for the country’s economy. CONTINUE READING

M&A buzz In Egypt M&A buzz In Egypt(0)

Investors are circling around Egypt’s key sectors, looking for opportunities and bargains on undervalued prices of key assets.
The economic fallout from the Arab Spring revolution in Egypt has changed the landscape radically and offered new opportunities for regional investors. CONTINUE READING

4.5m MENA infrastructure jobs 4.5m MENA infrastructure jobs(0)
CharlesFred / Foter / CC BY-NC-SA

One of the core reasons why Arab youth spilled on to the streets during the Arab Spring was their inability to get decent employment. Joblessness – which is attached to human dignity and viewed as a platform for many to further and better themselves in their country – drove many to orchestrate sweeping political changes in their own countries. CONTINUE READING

Morsi’s Moment Morsi’s Moment(0)

In a brilliant stroke, Egyptian President Mohammed Morsi removed and retired Field Marshal Hussein Tantawi, the defence minister and the leading Supreme Council of armed Forces figure, apart from heads of the navy, airforce and air defence. In addition, Lieutenant General Sami Enan also stepped down as the Army’s Chief-of- Staff. CONTINUE READING

Egypt’s Banks: A Better 2013? Egypt’s Banks: A Better 2013?(0)

With politics dictating Egypt’s economy, analysts expect the banking sector to recover only by next year. Also, can Egyptian banks survive a devaluation of the pound? CONTINUE READING

Qandil Who? Qandil Who?(0)

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

Morsi: Uniter Or Divider? Morsi: Uniter Or Divider?(0)

S&P may have been quick to put Egypt’s sovereign rating on negative watch, but as the Egyptian bourse highlighted with a 7.5% rise, the election of Mohamed Morsi should be seen as progress and a step forward for the country – despite the challenges ahead…. CONTINUE READING

Egypt’s fiscal trap Egypt’s fiscal trap(0)

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

Egypt’s 4% Growth Still Possible: Deutsche Bank Egypt’s 4% Growth Still Possible: Deutsche Bank(0)

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

Can Gulf stock markets maintain momentum? Can Gulf stock markets maintain momentum?(0)

With Gulf economies poised for growth on the back of strong macroeconomic policies, regional stock markets are also set for growth. READ MORE HERE

What To Do About Egypt’s Contracting GDP What To Do About Egypt’s Contracting GDP(0)

The Egyptian economy contracted by 0.3% in the fourth quarter ending a politically-momentous but economically-forgettable year for the country.  READ MORE HERE

mmoneib /Free Photos

 

Egypt’s Energy Sector Still Has Life Egypt’s Energy Sector Still Has Life(0)

A spate of new announcements from international oil companies suggests Egypt’s mature oil and gas sector remains formidable.

Despite significant political and economic problems in Egypt and falling crude production levels, the country’s oil and gas sector remains attractive to international companies. READ MORE HERE

 

Egypt Now Among Top Ten Sovereigns Most Likely To Default: Report Egypt Now Among Top Ten Sovereigns Most Likely To Default: Report(0)
enggul /Foter

January 15, 2012

Egypt is now among the ten riskiest sovereigns in the world, according to the latest report from CMA Datavision. In other words, Egypt is among the nations most likely to default on its debt.

While that does not necessarily mean that Egypt will default, its spread has risen as investors are nervous that the country could default.  READ MORE HERE

MENA Projects: Saudi Arabia Still the Driving Force; UAE Slowdown Continues MENA Projects: Saudi Arabia Still the Driving Force; UAE Slowdown Continues(0)

Excerpt from Citibank report:

In October this year, $16.9bn of projects were awarded across MENA. On a cumulative basis, just over $82bn of projects have been awarded across the region in the year to end October. This compares favourably with FY10 when almost $80bn of projects were awarded. Saudi Arabia is the main driving force accounting for a third of the 2011 total. Iraq accounts for 20%.The UAE has awarded almost $14bn in the year to end October, almost $20bn below FY10.
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SPECIAL COMMENT: The Arab Spring Could Turn Into A Long And Cruel Winter SPECIAL COMMENT: The Arab Spring Could Turn Into A Long And Cruel Winter(0)

By Alon Ben-Meir

Due to a host of common denominators in the Arab world including the lack of traditional liberalism, the tribes’ power, the elites’ control of business, the hold on power by ethnic minorities, the military that cling to power, and the religious divide and Islamic extremism, the Arab Spring could sadly turn into a long and cruel winter. These factors are making the transformation into a more reformist governance, slow, filled with hurdles and punctuated with intense bloodshed. At the same time, each Arab country differs characteristically from one another on other dimensions including: history and culture, demographic composition, the role of the military, resources, and geostrategic situations. This combination of commonality and uniqueness has had, and will continue to have, significant impacts on how the uprising in each Arab country evolves and what kind of political order might eventually emerge.

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Egypt, Tunisia and Morocco Elections: Give Islamists A Chance Egypt, Tunisia and Morocco Elections: Give Islamists A ChanceComments Off

Whether western countries and ME liberals like it or not, Islamic parties have emerged victorious in elections in North African states. Before typecasting and dismissing them, Islamic parties deserve to get a fair chance at leading their people.

The Western world and media are terrified of the rise of Islamic parties in Egypt, Tunisia and Morocco. READ MORE HERE

Egypt’s Ten Key Post-Election Challenges Egypt’s Ten Key Post-Election Challenges(0)

Egyptians have achieved a major milestone by holding the first leg of their staggered parliamentary elections, and they can take a moment to rejoice. But they know better than anyone else that the road to fulfilling their destiny is strewn with many more hurdles. READ MORE HERE

Will Egypt’s Spring Turn To Autumn? Will Egypt’s Spring Turn To Autumn?(0)

On the eve of the elections, Egyptians have washed off much of the feel-good afterglow of the first revolution that ousted Hosni Mubarak. Now they are faced with the cold hard light of economic hardship and political uncertainty.

While Egypt’s first revolution earlier this year was full of hope and a spontaneity that surprised even the protestors, the second revolution less than 10 months later has a much sombre undertone. READ MORE HERE

An Economic Model For Arab Spring Countries: UAE, Turkey, Malaysia Or Indonesia? An Economic Model For Arab Spring Countries: UAE, Turkey, Malaysia Or Indonesia?(0)

Arab countries that have recently been liberated from the clutches of their dictators are searching for a path to prosperity. For many, the political and social and economic achievements of Turkey is worthy of emulation. Indeed, the Prime Minister Recep Tayyip Erdogan is somewhat seen as a rock star among the youth of the Arab world.

But a new study by Legatum Institute, focused on the prosperity of nations, wonders whether Arab countries could consider alternative growth models. READ MORE HERE

Arab Spring: A New Era In A Transforming Globe Arab Spring: A New Era In A Transforming Globe(0)

By Alon Ben-Meir

November 8, 2011

The Arab uprising must be seen as an integral part of a world in transformation. The technological and informational revolutions that have spurred (and continue to spur) globalization and interconnectedness between cultures make it impossible for tyrants to rule for the entirety of their lifetimes while mercilessly subjugating their peoples to lives of servitude with no prospect of ever tasting the true meaning of freedom.
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More Bad News For Egypt As Moody’s Downgrades Five Banks More Bad News For Egypt As Moody’s Downgrades Five Banks(0)
Travel Aficionado /Foter

Moody’s Investors Service has today downgraded the local-currency (LC) deposit ratings of the following five Egyptian banks:
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Arab Spring-Related Economic Losses For Affected Countries: $56-Billion Arab Spring-Related Economic Losses For Affected Countries: $56-Billion(0)

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

CBS 60 Minutes Video: Egyptians return to Tahrir Square CBS 60 Minutes Video: Egyptians return to Tahrir Square(0)

An excellent CBS 60 Minutes report on political life in Egypt eight months after Hosni Mubarak’s departure (Dated Oct 8), especially in light of recent sectarian clashes:
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Analysis: New Phase Of Protests In Cairo Analysis: New Phase Of Protests In Cairo(0)

Coptic Christian protesters clashed with pro-government forces Oct. 9, killing at least 23 people and injuring 180. If reports of protesters using firearms and violence against security forces are true, this would mark a distinct change in the tactics of such dissenters, as opposition forces may be turning more violent ahead of scheduled parliamentary elections. However, the violence will likely ultimately help the ruling military council, providing it an excuse to slow its plans to hand over power and possibly rallying support from parts of the Egyptian population.
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And The 5 Worst Performing Stock Markets In The World Are… And The 5 Worst Performing Stock Markets In The World Are…(0)

A short list of the world’s top 5 worst performing markets by end of September 2011.
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Middle East’s Q3 Economic Prospects Look Dim On Global Slowdown Middle East’s Q3 Economic Prospects Look Dim On Global Slowdown(0)

As the global economy lurches from one crisis to the next, we look at the prospects for the regional economies in troubling global conditions which could slash domestic growth.

Another quarter, another headache. Gulf governments have suffered a tumultuous first two quarters of the year and were hoping for some semblance of sanity in the third quarter. At the very least, regional governments were hoping that tragic developments within the Middle East had remained isolated – Syria, Yemen and Libya  – leaving other countries in relative safety and peace.
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Mubarak: Court Diversions Mubarak: Court Diversions(0)

 

The Egyptian army has given the public what they wanted: The humiliation of Hosni Mubarak and his regime on live TV. But beyond the court circus, far greater challenges remain.

It was an image that many Egyptians never thought they will live to see. Hosni Mubarak, the Arab strongman and former president of Egypt, in a cage along with his two sons and his closest associates and political allies.

Not satisfied with disposing Mubarak, Egyptians returned time and again to the now-famous Tahrir Square to ensure that Mubarak did not enjoy a luxurious exile ala Zine al-Abidine Ben AliBen Ali of Tunisia, who is now in political asylum in Saudi Arabia despite being found guilty of corrupt property deals by a Tunisian court. READ MORE HERE

 

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