Economy
Rushed customs tariffs hike may be ‘too little, too late’
April 11, 2013
Rushed customs tariffs hike may be ‘too little, too late’
President Mohamed Morsy issued a decree in late March that increased custom duties on 100 luxury products, an unsurprising move…
Scrapped capital gains tax another sign of slapdash economic policies
April 8, 2013
Scrapped capital gains tax another sign of slapdash economic policies
An abrupt implementation of a 10 percent capital gains tax on shareholders and investment funds that profited from the takeover…
Lawsuit against hiked butane gas prices claims miscalculation in subsidy bill
April 8, 2013
Lawsuit against hiked butane gas prices claims miscalculation in subsidy bill
A lawsuit filed against Egypt’s president and prime minister for raising the price of butane gas cylinders last week, claims…
Sukuk law in state of flux until Al-Azhar review
April 4, 2013
Sukuk law in state of flux until Al-Azhar review
The Shura Council approved in late March a law allowing the issuance of sukuk, or Islamic bonds, which the heavily…
New taxes in Egypt’s latest economic program will do little to spur recovery
March 28, 2013
New taxes in Egypt’s latest economic program will do little to spur recovery
It’s easy to lose track of how many economic plans the government has presented since President Mohamed Morsy’s election, the…
Rise in factory closures reflects Egypt’s compound economic malaises
March 26, 2013
Rise in factory closures reflects Egypt’s compound economic malaises
Time and time again, officials have accused ongoing protests, workers’ strikes and labor action of halting the so-called wheel of…
Cement price surge puts a damper on construction materials sector
March 26, 2013
Cement price surge puts a damper on construction materials sector
As inflation and energy shortages strike Egypt’s economy, construction materials producers are feeling the crunch. The cement industry, in particular,…
For Egypt and Iraq, economic cooperation overshadows political talk
March 25, 2013
For Egypt and Iraq, economic cooperation overshadows political talk
Prime Minister Hesham Qandil’s recent visit to Iraq may mark the beginning of a new era in a history of…
As diesel shortages continue, impact becomes broader
March 24, 2013
As diesel shortages continue, impact becomes broader
Diesel shortages have become an unfortunate staple of Egypt’s many economic malaises, and as the country’s foreign reserves continue decreasing,…