08 Apr 2013
A lawsuit filed against Egypt’s president and prime minister for raising the price of butane gas cylinders last week, claims that the gas subsidy bill in the state budget is marred with miscalculations.
The Citizens Against Price...
04 Apr 2013
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...
28 Mar 2013
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...
27 Mar 2013
Serving another blow to an already battered economy, news emerged last week that the assets of more than 20 businessmen would be frozen in a case of alleged stock market manipulation in the sale of Al-Watany Bank of Egypt.
26 Mar 2013
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...
26 Mar 2013
Time and time again, officials have accused ongoing protests, workers’ strikes and labor action of halting the so-called wheel of production. The counter argument has also been reiterated, attributing the ailing economy to the...
25 Mar 2013
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...
24 Mar 2013
Diesel shortages have become an unfortunate staple of Egypt’s many economic malaises, and as the country’s foreign reserves continue decreasing, so does the government’s ability to import its vital petroleum needs.
14 Mar 2013
After a hiatus of four years, a group of workers of state-owned giant Nasr Car Manufacturing Company are daring to hope that they might be able to return to their jobs.
In early February, the Shura Council said it would end...
14 Mar 2013
A regulatory battle over an offer to buy out shareholders in Orascom Construction Industries may inflict damage on the Egyptian Stock Exchange that lingers long after the country’s politics stabilize and the economy recovers.