Economy
In near future, experts see a wave of drastic price increases
February 10, 2013
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
February 7, 2013
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
February 4, 2013
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
February 3, 2013
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
January 31, 2013
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
January 30, 2013
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
January 29, 2013
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
January 26, 2013
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
January 25, 2013
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
January 23, 2013
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…