Ahmed Elleithy

Egypt, Russia find opportunity in crisis

Analysts say boosting trade between Russia and Egypt in the ruble and the pound is a win for both countries amid Western sanctions on Moscow and the dollar crunch in Egypt.

Egypt launches Africa’s first carbon credit market

Access to development financing solutions is being boosted through a new platform that will help the African private sector to lower its carbon emissions.

Egyptian households turn to credit as inflation bites

In the past, locals used to buy only durables in installments. Today, breadwinners buy clothes, schoolbooks, stationery and groceries on credit.

Here's how the latest US rate hike will impact Egypt's economy

A stronger US dollar will inevitably drive higher import costs, and subsequently prices, in the most populous Arab country, yet could eventually provide a boost to the local currency with an increase in exports.

How interest rate hikes affect Egypt’s economy

The central bank may raise rates further by 100 to 200 basis points in 2022 to be in line with tightening global monetary policies. Yields on T-bills are set to rise.

Buyers rush to purchase Egyptian real estate as prices rise

How religious convictions influence business culture in Egypt

Recent fatwas remind Egyptian Muslims that receiving interest on a savings account is permitted, but profiteering from scarce supplies is not.

'Hot money' singes Egypt’s economy

Although capital outflows are no surprise, devaluation looks imminent to mitigate pressure on the pound.

Standard Chartered eyes churning out profits from Egypt

Egyptian authorities are betting on Standard Charter's expertise to boost online banking and stoke competitiveness.

Despite reaching all-time high, Egypt’s external debt is within safe levels

Inflows of foreign currency debt were spent on infrastructure, health care and overhaul of shantytowns across the country. However, Egyptian banks’ net foreign liability position stands out as a risk.