Category: ECONOMY

  • Moody’s expects economic growth for Egypt by 4% in 2017

    Moody’s expects economic growth for Egypt by 4% in 2017

    Moody’s attributes this potential increase to private consumption and foreign investments which will push forward economic development in Egypt, in a report published on Sunday. The report, which forecasts the economic progress for the Levant and North African countries, also said that the weak government performance, internal challenges, and geopolitics remain a threat to its dominant…

  • Zohr, Atul, North Alexandria fields to start production this year: Petroleum Ministry

    Zohr, Atul, North Alexandria fields to start production this year: Petroleum Ministry

    El-Molla added in a statement that starting production in these fields will have a positive impact on increasing the production of gas and reducing the gap between production and domestic consumption in Egypt. Egypt imports petroleum products worth about $700m per month, at a time when the country is suffering from the scarcity of hard…

  • “Wise Greece”: growing big with social entrepreneurship

    “Wise Greece”: growing big with social entrepreneurship

    These distinctions render “Wise Greece” a successful model of a start-up non-profit organization with a double mission: that of selling over 300 top quality Greek food products, as well as raising money for food to be donated to people in need. Finding new ways to stimulate forms of active civic participation through an emphasis on social…