Egypt’s economy

Analysis: New Egypt government may promote welfare, not economic reform
Egypt

Analysis: New Egypt government may promote welfare, not economic reform

Egypt's new military-backed government faces intense pressure to repair the state's chaotic finances but is likely instead to spend billions,…
The opposition’s lost bet on the economic crisis
Opinion

The opposition’s lost bet on the economic crisis

Egypt faces a severe economic crisis that has not been seen since the late 1980s, when the country was on…
Why the pound devaluation now?
Opinion

Why the pound devaluation now?

The long-expected devaluation of the Egyptian pound is finally taking place. The pound has undergone its greatest devaluation against the…
Tourism recovery likely to remain turbulent this year
Business

Tourism recovery likely to remain turbulent this year

Mohamed, 24, studied tourism and graduated two years ago. The timing was unfortunate. By February 2011 — during and immediately…
The Cabinet’s lost bet on foreign capital
Opinion

The Cabinet’s lost bet on foreign capital

The Cabinet’s plans for economic recovery seem to revolve solely around one theme: the attraction of foreign capital inflows. The…
One night and two days in a military hotel
Egypt

One night and two days in a military hotel

A harp with no player, a piano and no pianist, opulent seats but no people, a Garden of Eden without…
Egypt to increase commodity support to LE115 billion
Egypt

Egypt to increase commodity support to LE115 billion

The Egyptian prime minister's media advisor Ahmed al-Samman said that the cabinet decided to increase commodity support during the year…
Conferences, weddings save hotels from closing
Business

Conferences, weddings save hotels from closing

An Egyptian tourism committee said on Sunday that Egypt's hotels are depending on non-tourist activities such as conferences and wedding…
Alexandria seeks to revive tourism with postcards from Egypt
Egypt

Alexandria seeks to revive tourism with postcards from Egypt

An initiative was launched in Alexandria to revitalize Egypt's tourism industry following the recent decline in tourist activity.
Minister: Egypt needs direct investments not grants
Business

Minister: Egypt needs direct investments not grants

Egypt does not need foreign aid or grants but direct investments to overcome the current economic conditions, said Finance Minister…
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