Economy
Visa finds positive correlation between e-payments and economic growth
April 15, 2013
Visa finds positive correlation between e-payments and economic growth
Electronic payments in Egypt are on an uptrend, and according to a recent study, this contributes directly to overall economic…
Bankers debate financing Egypt’s widening budget deficit
April 14, 2013
Bankers debate financing Egypt’s widening budget deficit
Egypt’s budget deficit reached about LE146.5 billion in the first eight months of fiscal year 2012/13, equaling 8.2 percent of…
Egypt crisis threatens food for poorest: World Food Programme
April 12, 2013
Egypt crisis threatens food for poorest: World Food Programme
The nation's economic crisis poses a threat to basic nutrition for its population of 84 million people, as the poorest…
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…