Economy
Sawiris’ OCI looks to move outside Egypt, and its stocks may follow
January 20, 2013
Sawiris’ OCI looks to move outside Egypt, and its stocks may follow
Orascom and a group of American investors, among them Microsoft giant Bill Gates, have set into motion a transaction set…
UK delegation assures return of Mubarak assets, denies inaction
January 15, 2013
UK delegation assures return of Mubarak assets, denies inaction
A delegation of high-level UK officials are in Cairo this week to discuss the return of assets obtained illegally by…
New finance minister supports IMF loan, lacks government experience
January 14, 2013
New finance minister supports IMF loan, lacks government experience
A public finance professor with an Islamic finance specialization, and no experience in government or politics, has been named the…
In promised dialogue on tax laws, serious discord
January 13, 2013
In promised dialogue on tax laws, serious discord
A government-sponsored dialogue on Egypt’s controversial tax law changes turned into an airing of grievances by political party…
Qatar’s cash deposits raise questions of political leverage over Egypt
January 13, 2013
Qatar’s cash deposits raise questions of political leverage over Egypt
The rich Gulf state of Qatar has once again made a sizeable dollar deposit into Egypt’s central bank, bringing its…
Government struggles to get a sukuk law on the books
January 10, 2013
Government struggles to get a sukuk law on the books
Officials went to the drawing board with a controversial law on sukuk , or Islamic-sanctioned bonds, that was set to…
Lifting subsidies, without impoverishing the people
January 3, 2013
Lifting subsidies, without impoverishing the people
As the Egyptian government comes to terms with its dwindling funds and struggles to navigate a worsening financial crisis, the…
Tourism recovery likely to remain turbulent this year
January 3, 2013
Tourism recovery likely to remain turbulent this year
Mohamed, 24, studied tourism and graduated two years ago. The timing was unfortunate. By February 2011 — during and immediately…