Economy

In near future, experts see a wave of drastic price increases

In near future, experts see a wave of drastic price increases

As the country’s economic crisis continues to administer its blistering effects on businesses and consumers, industry insiders and experts are…
Faced with Microsoft’s cost, government looks to open-source software

Faced with Microsoft’s cost, government looks to open-source software

As the government struggles to make ends meet, figures both in and outside the government are saying the country could…
Mobinil CEO says industry to face price hikes

Mobinil CEO says industry to face price hikes

Mobile phone services are going to get more expensive, and soon, Mobinil's Chief Operating Officer told a group of reporters…
As remittances grow, government clambers for more

As remittances grow, government clambers for more

As money sent home from Egyptians abroad reaches a record level, President Mohamed Morsy and his government have pinpointed this…
In a difficult economy, tech startups offer hope

In a difficult economy, tech startups offer hope

In an economic environment that is both short on capital and optimism, a small but hardy group of startup enterprises…
As new Central Bank governor, Ramez has big shoes to fill

As new Central Bank governor, Ramez has big shoes to fill

President Mohamed Morsy’s decision to appoint Hesham Ramez as the new Central Bank of Egypt chief in January was unsurprising…
Curfew, unrest is bad news for Canal cities’ business

Curfew, unrest is bad news for Canal cities’ business

Businesses remained open on Monday night in Suez, Ismailia, and Port Said, in defiance of curfew from 9 pm to…
As Egypt’s economy suffers, Gulf money moves into banking sector

As Egypt’s economy suffers, Gulf money moves into banking sector

As Egypt's banking sector struggles under the weight of a credit crunch, Arab banks are seeing the crisis as an…
Two years on, Mubarak money abroad remains unattainable

Two years on, Mubarak money abroad remains unattainable

Nearly two years after demonstrators first started trickling into Tahrir Square, chanting against corrupt government practices and calling for former…
Inside oil and gas industry, serious disgruntlement

Inside oil and gas industry, serious disgruntlement

International oil and gas companies see great potential in Egypt, but say they are frustrated with the current state of…
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