This piece was written for Egypt Independent's final weekly print edition, which was banned from going to press. We offer you our 50th and final edition here.
On the macroeconomic level, the closure of a newspaper is a nonevent.
It is one among...
In a statement released on 21 April, the International Monetary Fund said that its Managing Director Christine Lagarde met with the Egyptian delegation, and that “the authorities and IMF staff have made further progress in their discussions in...
President Mohamed Morsy issued a decree in late March that increased custom duties on 100 luxury products, an unsurprising move as the country struggles to boost revenues and shrink its widening budget deficit.
Food products such as pineapples...
The Shura Council approved in late March a law allowing the issuance of sukuk, or Islamic bonds, which the heavily indebted government touts as a financial tool that can support the ailing economy.
Despite creating a stir for what some claim is...
It’s easy to lose track of how many economic plans the government has presented since President Mohamed Morsy’s election, the endless dialoguing around it that often leads nowhere and the numerous economic decisions taken and suspended...
As inflation and energy shortages strike Egypt’s economy, construction materials producers are feeling the crunch. The cement industry, in particular, finds itself in the midst of a growing controversy after Trade Minister Hatem Saleh accused...
Prime Minister Hesham Qandil’s recent visit to Iraq may mark the beginning of a new era in a history of tumultuous relations between the two countries, with a strong focus on bilateral trade and investment.
The push to bolster economic ties is...
Long lines at gas stations and electricity blackouts have become a part of everyday life for most Egyptians in the past two years, but indicators show that the country may soon be dealing with the most severe fuel shortage it’s seen yet, as...
As the country’s economic crisis continues to administer its blistering effects on businesses and consumers, industry insiders and experts are saying the country still has yet to bear the brunt of an economic downturn that has no real relief...
As money sent home from Egyptians abroad reaches a record level, President Mohamed Morsy and his government have pinpointed this source of income as one of the key tools in their diminishing arsenal against the country’s financial crisis....