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President Abdel Fattah Al-Sisi made several economic promises to Egyptians prior to his election. Daily News Egypt reviews the goals set and analyses how far along they are from realisation. Prior to election, then-political candidate Al-Sisi cited “national security” concerns for not sharing his detailed vision. Al-Sisi stated that only the broad lines of his …
Ministry of Manpower offered approximately 150,000 job opportunities between March and December
Government is contributing EGP 2bn to new company
The paper suggests that these trends reflect the response of the Egyptian labour market to the financial crisis and the January 2011 uprising rather than a more dynamic labour market.
Egyptians employed in Libya demand their return despite ongoing armed conflict in the country, blame lack of work opportunities in Egypt
Ebrahim ElSafadi sells space for brand logos on his website
Manufacturing industries achieved 8.3% growth during FY 2013/2014, up from 2.3% the previous FY
50% of Egyptians believe unemployment situation will improve in the next five years, says Gallup survey
Work force inches by 0.01% compared to preceding quarter, says statistics agency
The statistics agency stated that 29%or approximately 5.8 million, of the country’s youth are unemployed.
Policies should be designed to provide a competitive environment, according to World Bank report
New job search engine targeting Egypt job market plans to develop Smartphone application
Outgoing Prime Minister Ibrahim Mehleb said the government has presented a ‘bold’ budget for the coming fiscal year which will overhaul the energy subsidy system
Discussing the changes in fiscal policies, Al-Sisi’s economic platform stated that budget deficit and public debt should return to “safe levels”.
Number of unemployed reached 3.7 million in Q1 2014 compared to 2.4 million in Q1 2010
Al-Sisi provides brief plan to resolve unemployment issue
AFP- Final campaign rallies were held for Algeria’s presidential election on Sunday after the incumbent Abdelaziz Bouteflika and his only real rival Ali Benflis waged a war of words. The 77-year-old Bouteflika, despite ailing health and not even appearing in person on the campaign trail, remains favourite to win a fourth term in Thursday’s poll …
Egyptian youth express concern for rising costs of living and unemployment, according to the 2014 Arab Youth Survey
In the next year, 62% of Egyptian companies expect to hire
Hany Qadry highlights the significance of “restructuring individual incomes” to revitalise the economy
The United Bank has joined the Central Bank of Egypt in a scheme that aims to boost Egypt’s economy and real estate market by refinancing mortgage customers at discounted prices. According to Reuters, the central bank said Tuesday it would allocate EGP 10bn ($1.44bn) for low-cost housing projects. The money will be deposited to banks, …
Rate has increased 57.3% since 4Q 2010
World Bank economists say gains from the government’s two economic stimulus packages will be small, short lived
The annual PricewaterhouseCoopers (PwC) survey of more than 1,300 CEOs found that 39% were “very confident” their company’s revenues would grow in 2014, up from 36% a year ago.
The GET report draws direct correlation between FDI and employment
A global labour market recovery is being held back by a shortfall in demand, the ILO said, noting that in many developed economies, cuts in public spending and increases in income and consumption taxes were weighing heavily on businesses and households.
ERF holds a conference to announce the findings of the” Egyptian Labour Market Panel Survey 2010”
70.8% of the total unemployed are Egyptian youth
Recently, I was stunned. I had quite a surprising experience while interviewing a young, Egyptian woman for a basic entry-level analyst-type position. From my perspective, the interview was going well. The young woman was bright and seemed to have many of the qualities I was looking for in a candidate. As we were wrapping up, …
Analysts welcomed the figures, which reinforce other survey findings, but were also cautious as the debt crisis continues to sap the economy and unemployment runs at record highs.