Economy

Egypt’s debt burden spurs Muslim Brotherhood call for austerity

Egypt’s debt burden spurs Muslim Brotherhood call for austerity

Egypt’s Muslim Brotherhood is campaigning for September’s parliamentary elections on a platform to trim the country’s budget deficit. The group,…
Ethiopia plans power exports to Egypt

Ethiopia plans power exports to Egypt

ADDIS ABABA--Ethiopia plans to sell power to Sudan, Yemen, Kenya and even Egypt, with whom it is at odds over…
Egypt rejection of IMF cash may slow recovery

Egypt rejection of IMF cash may slow recovery

Egypt's decision to scrap plans to borrow from the International Monetary Fund may slow an economic recovery, delay a solution…
World Bank, IMF offers to Egypt spur debt fears

World Bank, IMF offers to Egypt spur debt fears

If Egypt accepts the US$20 billion potentially on offer from international sources, it will be setting itself for up for…
Analysts, business leaders critical of tax revisions

Analysts, business leaders critical of tax revisions

Caught between a capitalist logic to encourage investments in a slowing economy, and a revolutionary reality that demands immediate attention…
Irrigation minister: Allocation of LE450 million to solve summer planting problems

Irrigation minister: Allocation of LE450 million to solve summer planting problems

Minister of Water Resources and Irrigation Hussein al-Atfy announced the allocation of LE200 million to improve drainage networks and LE250…
Egypt’s new budget falls short of hopes

Egypt’s new budget falls short of hopes

When Finance Minister Samir Radwan announced earlier this week the interim government’s budget proposals for the coming fiscal year, he…
Revolution leaves Egypt without dictator, but also without tourists

Revolution leaves Egypt without dictator, but also without tourists

As political turmoil and sectarian strife continue to afflict post-uprising Egypt, the tourism industry is struggling to get its high…
Egypt’s budget targets poor, introduces capital gains tax

Egypt’s budget targets poor, introduces capital gains tax

Egypt's cabinet approved on Wednesday a budget for the 2011/12 financial year that increases spending by a quarter as the…
Egypt gets short-term relief, investors still wary

Egypt gets short-term relief, investors still wary

Billions of dollars in aid for Egypt will offer short-term relief to its battered economy but will not be enough…
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