Economy features
Lawsuit against hiked butane gas prices claims miscalculation in subsidy bill
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...
Yes
Sukuk law in state of flux until Al-Azhar review
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...
Yes
New taxes in Egypt’s latest economic program will do little to spur recovery
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...
Yes
Economy caught in crossfire of insider trading cases, tax disputes
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.
...
Yes
Cement price surge puts a damper on construction materials sector
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...
Yes
Rise in factory closures reflects Egypt’s compound economic malaises
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...
Yes
For Egypt and Iraq, economic cooperation overshadows political talk
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...
Yes
As diesel shortages continue, impact becomes broader
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.
The...
Yes
From another era: Nasr Car weathers changing economic winds
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...
Yes
Orascom buyout battle scars stock market
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.
Until...
Yes
Our Recommendations
