Arwa Gaballa

Citing stability, reforms, big businesses in Egypt cheer for Sisi

Mar 29 2018

CAIRO Critics see him as an autocrat. The poor and middle class criticize his economic reforms. But one community of Egyptians - big business - is much happier with President Abdel Fattah al-Sisi as he heads for a second term after this week's election.

Sisi on course for big election win, early estimates say

Mar 28 2018

CAIRO Egyptian President Abdel Fattah al-Sisi is on course for a landslide election victory although there was little sign he had achieved the high turnout he sought, according to early estimates after polls closed in a three-day election. | Video

Egypt's middle class faces hardship as austerity bites

Mar 21 2018

CAIRO Teacher Abdelrahman Ali wonders if he will be able to afford diapers for the second child his wife is expecting. He can no longer put meat on the dinner table and has to borrow money from his mother-in-law as hard times bite in Egypt.

Egypt's inflation drop shows spending levels still low, say economists

Jan 12 2018

CAIRO, Jan 12 Egypt's inflation dropped sharply in December, the latest apparent indication of economic improvement after the 2016 currency float hit Egyptians hard.

Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom

Jan 07 2018

CAIRO/DUBAI Encouraged by Egypt's economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic about prospects for the North African country after years of political turmoil.

Hilton Worldwide plans Egypt expansion, sees pick-up in tourism

Nov 15 2017

PORT SAID Hilton Worldwide aims to increase the number of hotel rooms it manages in Egypt by 40 percent by the end of 2022, the company's vice president for the North Africa region said.

Egypt's central bank seen holding off cutting rates because of still-high inflation: Reuters poll

Nov 14 2017

CAIRO With Egypt's inflation still above 30 percent, the central bank is expected keep its key interest rates on hold in its monetary policy meeting this week, a Reuters poll showed on Tuesday.

Uber says committed to Egypt, announces $20 million investment

Oct 11 2017

CAIRO Uber is committed to Egypt despite challenges presented by sweeping economic reforms and record inflation, the company said on Tuesday as it announced $20 million of investment in its new support center in Cairo. | Video

Egypt's bank reserve hike may be precursor of benchmark rate cut

Oct 04 2017

CAIRO, Oct 4 Egypt has raised banks' reserve requirements, tightening monetary policy in the sector in what economists said may permit and signal a cut to benchmark interest rates after three hikes since November.

Egypt on track for year-end IMF payment, but 32 percent inflation a worry

Sep 26 2017

CAIRO Egypt has made a "good start" to its reform programme despite seeking waivers for missing targets in June and a deeper-than-expected currency depreciation, the International Monetary Fund said on Tuesday.

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