Economy

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…
Sawiris’ OCI looks to move outside Egypt, and its stocks may follow

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

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

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

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

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

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…
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