The Word SMEs rises a lot in different platforms, however people underestimate its power and how it should be used as a tool to improve the community’s welfare. Egypt’s economy would drastically change if both the government and the people understood the worth of SMEs. What Are SMEs? The word ‘SMEs’ stands for small and medium enterprises, they are independent […]
For the most part, there is no such a thing as free service. But many companies offer unlimited service for a small repetitive fee. And consumers love it. In today’s economy, it is no longer a luxury, rather a must. The ever crushed economy needed a breakthrough business model that would enable challenged countries, business and people get access to […]
CIB has been planning a great initiative for a couple of years aiming at supporting small and medium-size businesses in their growth and transformation journeys. CIB has partnered with local professional services firms like Adel Sabry, our parent firm, to plan and implement this services program for CIB business clients and prospects. Check the CIB Professional Services Alliance & Business […]
What are SMEs? It has been a debate among businessmen and policymakers to get a specific definition of SMEs. It depends on: number of employees, size of invested capital and fixed capital, hence they have many different classifications. SMEs and Economic Development Although we could not reach a solid conclusion of their definition, we absolutely cannot deny their role in the […]
Egypt’s economy today is arguably sitting on a pivot, with all the positive attributes of a pivotal situation. More International Monetary Fund (IMF) loans are being facilitated than ever in volume and in number. Subsidy is being lifted month after month. Higher taxes are being raised. On one front, these reforms squeeze the struggling individuals in the economy, and on […]
Local businesses are what Egypt needs the most at this point in time. Right after the devaluation of the Egyptian pound, all the goods and services provided by international organizations had their prices shooting up. This had a negative impact on the Egyptian community as a whole, whether end consumers or businesses. Having local businesses spreading allover the country is […]
Business is all about uncertainty, a positive form of uncertainty where potential, opportunity and innovations around every corner would take economies places and make a huge leap towards the future of humanity. And with this uncertainty come some acceptable risks and threats that add to the thrill but also add to the magnitude of opportunity; an easy target is never […]
It sounds great when you learn the Central Bank of Egypt is aiming at empowering more and more people to own real estate. They do so by encouraging mortgage, which is an asset-based loan where you take a loaned amount from a bank, buy a house for example, pay installments + interest back and if, God forbid, you default, the house […]
Entrepreneurship by numbers The startup industry in Egypt is becoming well renowned with the rise of numerous resources for entrepreneurs to explore at the early stages of their initiatives, as stated by the Global Entrepreneurship Monitor (GEM) Egypt national report. It is becoming a vital instrument to tackle the expansion of youth unemployment as well. In fact, the majority of […]
Back in the late 19th century and early 20th century, the US dollar suffered from a devaluation that is similar in impact to what the Egyptian Pound is going through today. It looks like the world’s strongest currency had its down moments too. The purchasing power of the US Dollar had significantly dropped, let alone its weakness compared to other […]