Economy
Egypt’s unbalance of payments
October 22, 2012
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
October 19, 2012
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?
October 17, 2012
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
October 16, 2012
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
October 15, 2012
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
October 12, 2012
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
October 11, 2012
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
October 11, 2012
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
October 8, 2012
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
October 4, 2012
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…