The Egyptian Economic Association, led by Dr. Mahmoud Mohieldin, is set to launch its first event in a series of economic policy forums on October 1st. The discussion will focus on "Savings in Egypt," with participation from prominent academics, experts, and business leaders. The event will take place at the Cairo Central Library in Zamalek. Dr. Mohieldin, a professor of economics at Cairo University, will provide commentary, while Dr. Heba Nasr will moderate the discussion.
The forum will feature Dr. Najwa Semek, a professor of economics at Cairo University's Faculty of Economics and Political Science, and Ashraf Sabri, founder and CEO of the company "Fory." The discussion aims to explore the issue of savings from multiple angles, including the behavior of households and individuals, private and public institutions, and the evolution of available financial tools. The role of financial technology in attracting savings to the formal sector will also be examined.
The discussion on savings comes at a time when Egypt's domestic savings rate has declined significantly. Despite the expansion of the financial sector and an increase in the number of people dealing with financial services, the national savings rate is relatively better. According to experts, there is a need to rely on domestic savings to finance development.
The Egyptian Economic Association was established in January 2026 as a non-profit organization focused on economic development research and policy. The association aims to open new avenues for research projects and training, with the participation of prominent economists and experts in Egypt. The association's goal is to provide a platform for discussion and analysis of economic issues.
The forum is expected to shed light on the relationship between savings, consumption, and investment. Experts will discuss ways to convert domestic savings into resources that can finance economic activity. The event will provide an opportunity for participants to share their insights and expertise on the topic.
The decline in domestic savings has significant implications for Egypt's economy. A low savings rate can limit the country's ability to invest in development projects and infrastructure. Therefore, finding ways to boost domestic savings is crucial for Egypt's economic growth.
The Egyptian Economic Association's forum on domestic and national savings is a timely initiative. By bringing together experts and academics, the association aims to stimulate discussion and raise awareness about the importance of savings for Egypt's economic development.
Key points
- The Egyptian Economic Association will discuss domestic and national savings in its upcoming forum.
- The forum aims to explore ways to boost domestic savings and convert them into resources for economic activity.
- The discussion will feature experts and academics, including Dr. Mahmoud Mohieldin and Dr. Najwa Semek.
