Economy

Lifting subsidies, without impoverishing the people

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

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…
Market movers: 10 projections on the global economy

Market movers: 10 projections on the global economy

When trying to predict what the coming year has in store in the context of an increasingly intertwined global economy,…
Turning to gas imports will weigh on Egypt’s budget

Turning to gas imports will weigh on Egypt’s budget

Egypt will start importing natural gas for the first time due to rising local demand that is now outstripping supply,…
Egypt’s economy will face tougher hurdles in 2013

Egypt’s economy will face tougher hurdles in 2013

Talk of economic recovery has all but gone silent in Egypt, replaced by doomsday predictions about the depths to which…
Is the Central Bank’s independence on the line?

Is the Central Bank’s independence on the line?

The Central Bank of Egypt has been making headlines recently, not least of which due to the dire state of…
Draft constitution fails to protect economic rights, experts say

Draft constitution fails to protect economic rights, experts say

In voting for or against the draft constitution this week, Egyptians are determining what principles will guide their leaders in…
Electricity price hikes a necessity, says official; but will hit poor the hardest

Electricity price hikes a necessity, says official; but will hit poor the hardest

A recent government hike in electricity prices means Egyptians will soon be paying more to switch on a lamp or…
Fiscal fumbling: Tax law, IMF turmoil knocks economy off course

Fiscal fumbling: Tax law, IMF turmoil knocks economy off course

Egyptian officials have asked to postpone a request for a US$4.8 loan from the International Monetary Fund, loan officials said…
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