Economy
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…
Market movers: 10 projections on the global economy
December 28, 2012
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
December 27, 2012
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
December 27, 2012
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?
December 23, 2012
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
December 22, 2012
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
December 21, 2012
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
December 12, 2012
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…