Economy

Economists fear impact of Egypt pound’s slide against dollar

Economists fear impact of Egypt pound’s slide against dollar

After declining sharply since mid-July, the Egyptian pound fell to 5.69 against the US dollar on Wednesday, representing its lowest…
Solving the electricity crisis

Solving the electricity crisis

It’s the brightest time of the year for Muslims worldwide, but in Egypt, residents are celebrating Ramadan amidst nationwide government-implemented…
Egypt’s wheat dilemma

Egypt’s wheat dilemma

Egypt, the world’s second biggest importer of wheat, is seeking alternative suppliers, while agriculture experts say it’s about time to…
Labor unrest persists among private sector workers

Labor unrest persists among private sector workers

A wave of industrial unrest has swept through the private sector this week.A delegation of some 150 employees from the…
Ministry of Finance budget does not prioritize the nation’s poor

Ministry of Finance budget does not prioritize the nation’s poor

A recent Ministry of Finance report revealed positive GDP indicators for the financial year 2009/10, but critics maintain that these…
Traditional coffee threatened by capuccino

Traditional coffee threatened by capuccino

Traditional coffee millers are calling on the Ministry of Trade and Industry to help them modernize to be able to…
Migrants’ remittances: Between expenditure and investment

Migrants’ remittances: Between expenditure and investment

A study on remittances and investment opportunities for Egyptian migrants was released in mid-July by the International Organization for Migration…
Egypt’s recurring food price crisis

Egypt’s recurring food price crisis

In the summer of 2008, the so-called “food price crisis” took Egypt by storm. Drastically rising food prices made headlines…
New pensions law: The hollow promise of a ‘happy retirement’

New pensions law: The hollow promise of a ‘happy retirement’

On 13 June, one year after the government introduced a new insurance and pension law, parliament ratified the final draft.The…
Q&A: Investment Minister talks privatization, protests

Q&A: Investment Minister talks privatization, protests

Mahmoud Mohieldin, Egypt’s first-ever investment minister, appears to know how to take a joke--and a bit of criticism. Visitors to…
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