Economy

Egypt’s unbalance of payments

Egypt’s unbalance of payments

It’s no secret that Egypt’s current government is having trouble financing its spending. But the government’s troubles reflect a greater…
Officials tout big plans for development in the Suez Canal

Officials tout big plans for development in the Suez Canal

As Egypt struggles to emerge from a period of deep financial uncertainty, government officials are looking towards the country’s vital…
A new loaf: Will Egypt tighten bread subsidies?

A new loaf: Will Egypt tighten bread subsidies?

At the dead end of a winding side street in the central Cairo neighborhood of Sayeda Zeinab, Ashraf al-Husseini sat…
In call center industry, obstacles and potential

In call center industry, obstacles and potential

The call center industry was one of the trademarks of Egypt's development strategy throughout the 2000s. Experts pointed to it…
Government pursues ways to increase tax revenue

Government pursues ways to increase tax revenue

The government will not raise taxes but will instead rely on foreign investment to remedy the country’s cash flow problem,…
In sukkuk, govt sees a solution to economic crisis

In sukkuk, govt sees a solution to economic crisis

  Prime Minister Hashem Qandil announced last month his government’s intention to issue one or two rounds of sukuk, a…
Antiquated rental law distorts housing market

Antiquated rental law distorts housing market

In the upscale neighborhood of Abbas al-Akkad in Nasr City, Amr Hegazy owns a five-story building surrounded by prominent restaurants. Passing…
Up against a fiscal wall, government courts foreign investment

Up against a fiscal wall, government courts foreign investment

Officials are making a concerted effort to assure foreign and domestic investors that the climate for business is safe and…
With loans, a flood of Turkish business

With loans, a flood of Turkish business

After receiving some substantial financial aid from the Turkish government, Egypt is increasingly turning to its Anatolian neighbor for much-sought…
Through special office, government to protect Saudi investors

Through special office, government to protect Saudi investors

In what appears to be a last-ditch effort for the government to settle several high-dollar deals domestically instead of paying…
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