Economy

New leadership targets ambitious growth for Egypt’s mines

New leadership targets ambitious growth for Egypt’s mines

Held back by bureaucracy and a mining law that hasn’t been updated since 1956, Egypt’s mines are expected to receive…
Lingering security void devastates tourism in Luxor

Lingering security void devastates tourism in Luxor

The absence of security poses a significant challenge to the tourism industry in Luxor, a main tourist center in Egypt.…
Sharm el-Sheikh celebrates Mubarak’s departure

Sharm el-Sheikh celebrates Mubarak’s departure

Sharm el-Sheikh, Egypt’s tourism capital, breathed a sigh of relief last week when former President Hosni Mubarak was transported to…
International union federations vie for Egypt’s workers

International union federations vie for Egypt’s workers

The recently liberated Egyptian labor movement is being courted by international union federations looking for inroads into one of the…
Agriculture could be key to reviving Egypt’s economy, experts say

Agriculture could be key to reviving Egypt’s economy, experts say

For decades Egypt’s economy was guided by political forces who wanted to enjoy the fruits of western capitalist democracy without sowing…
Through transition, Central Bank seeks stability, maintains secrecy

Through transition, Central Bank seeks stability, maintains secrecy

The events of the past six months have shaken Egypt’s economy, drying up tourism and leaving international investors leery. But…
Egypt’s Finance Minister does not rule out return to IMF

Egypt’s Finance Minister does not rule out return to IMF

Egypt's finance minister-designate told Reuters on Tuesday that the government was committed to a market economy and to creating an…
Islamist parties search for economic footing

Islamist parties search for economic footing

Unlike liberals, leftist or social democratic political parties, their Islamist counterparts are hardly defined by their economic perspective. Religious parties…
Can the return of stolen public funds aid the ailing economy?

Can the return of stolen public funds aid the ailing economy?

As Egypt’s economy sputters through the first post-Mubarak months, many continue to complain about the ousted officials who are still…
Gulf ‘gifts’ fill budget gap but raise suspicions

Gulf ‘gifts’ fill budget gap but raise suspicions

After turning down loans from the International Monetary Fund and the World Bank, Egypt is now turning to oil-rich Arab…
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