Business save money by opting for freelancers

In the banking sector, one of the most sought after freelancers are editors and translators. Khadiga Aly, a HR manager at a multinational bank, told Egypt Today that her bank has repeatedly sought after freelancers, mostly editors and translators, when there is a task that needs to be completed.

With prices doubling and incomes barely increasing, picking up freelance projects has been a way to secure extra cash, in addition to a steady job. But whether it is due to the flexible working hours, being one’s own boss, or the cash inflow, more and more people in Egypt and around the world are opting to become full-time freelancers. As it stands, the informal economy has reached about LE 1.6 trillion, contributing some 40 percent of the gross domestic product (GDP), according to official figures, and has been increasing over the past few years.