Economy
In anti-IMF march, austerity fears and economic disillusion
November 13, 2012
In anti-IMF march, austerity fears and economic disillusion
Several hundred protesters gathered on Monday evening outside the stock exchange building in downtown Cairo and marched to the headquarters…
Salafis to back Sharia-friendly business
November 8, 2012
Salafis to back Sharia-friendly business
Egypt’s Salafis are branching out into business, bringing their ultraconservative teaching of Islam into the world of modern finance. …
IMF loan does not mean return of foreign investment, experts say
November 7, 2012
IMF loan does not mean return of foreign investment, experts say
Egypt's leaders continued negotiations with an IMF delegation for a US$4.8 billion loan this week, sorting out the details of…
Recent graduates hit hardest by persistent unemployment
November 3, 2012
Recent graduates hit hardest by persistent unemployment
For the thousands of young men and women who filled Tahrir Square nearly two years ago, youth unemployment was a…
Economists see folly in postponed shop closing law
November 2, 2012
Economists see folly in postponed shop closing law
The Wednesday decision by Local Development Minister Ahmed Zaki Abdeen to postpone indefinitely the law that would close shops at…
In going after corruption, Morsy breeds market anxiety
October 31, 2012
In going after corruption, Morsy breeds market anxiety
It began with a remark in a speech by President Mohamed Morsy at a celebration commemorating the October War. In…
In Egypt’s gas industry, foreign investors rule
October 29, 2012
In Egypt’s gas industry, foreign investors rule
Since explorers first found natural gas beneath Egypt’s sand and water, the government has struggled to manage its relationship with…
Demand grows and inequalities widen in Egypt’s gas industry
October 29, 2012
Demand grows and inequalities widen in Egypt’s gas industry
The simple act of turning on a stove can mean two very different things for Egyptian families. In one case,…
In economic flux, Islamic banking and finance are gaining ground
October 26, 2012
In economic flux, Islamic banking and finance are gaining ground
The economic stagnation of the past year and a half has taken a toll on many businesses, but a fleet…