03 Sep 2012
In a bold break with precedent, the 2012/13 state budget presented by former Prime Minister Kamal al-Ganzouri and his Cabinet reduced fuel subsidies by LE25 billion.
But more than a month into the first quarter of the fiscal year, no...
29 Aug 2012
The head of the US economic delegation said Wednesday that United States welcomes Egypt's negotiations with the IMF as the first step towards the country's economic rebound.
"It will provide a foundation for sustained growth...
18 Aug 2012
Besides soaps, talk shows and religious segments, which are common features of the Ramadan media diet, a sprawling amount of ads is usually also offered.
Behind these ads lie a lot of money and a thriving business for mediators between...
05 Aug 2012
“We won’t pay!” is the name of a campaign launched by the Socialist Popular Alliance on Thursday to persuade citizens not to pay their electricity bills as a gesture of protest against the recurrent power cuts that have...
03 Aug 2012
As Prime Minister Hesham Qandil was unveiling the new Cabinet, unrest ensued in parts of the country.
One person died outside Cairo’s Nile City towers in violence between the complex and the slum behind it, clashes between Muslims...
21 Jul 2012
Soheir Salem, a housewife and mother of four, walked out to the markets last Friday looking to buy her pre-Ramadan groceries in a lower middle-class neighborhood in Islamic Cairo.
Her husband, an employee at a recycling factory,...
16 Jul 2012
President Mohamed Morsy is seeking to use public spending to build a base of support in diverse sectors of society, but inflation and political deadlock threaten to sink his plans.
Morsy has promised a 15 percent social allowance rise to...
12 Jul 2012
Since explorers first found natural gas beneath Egypt’s sand and water, the government has struggled to manage its relationship with the foreign companies who manage the extraction of that gas.
The exports which those companies make...
12 Jul 2012
The simple act of turning on a stove can mean two very different things for Egyptian families.
In one case, the turn of a stove knob ignites a stream of Egyptian-made natural gas from a pipe, giving forth a steady blue flame. In another, a...
01 Jul 2012
Egypt has been in the grips of an on-again, off-again fuel shortage for over a year now, with massive lines outside gas stations across the country causing headaches for drivers and sometimes even violent confrontations.
It is frequently...