Before the gates of a fascinating building overlooking Lake Geneva stand sculptures depicting the struggles of workers against exploitation and glorifying those who labour. This is somewhat perplexing as the statues now decorate the building of the (...)
Minister of Finance Ahmed Galal is to pursue his original plan of boosting the economy. Galal doesn't see the need for any special measures to counteract the negative effects of the current political instability, he told Ahram Online in a telephone (...)
President Morsi promised Egyptians he will solve 5 main problems during his first 100 days in office. With little or no achievements so far, it could be the promises themselves are faulty. Here is an alternative perspective
I am about to put myself (...)
Economic ministers may not be FJP members but will be chosen by the Brotherhood, says FJP's Abdallah Shehata; unlikely Mubarak-era Minister Fayza Abul-Naga will be reappointed
The Muslim Brotherhood's Freedom and Justice Party(FJP) will select (...)
Outside the ballroom of the five-star hotel, bearded men in well-cut suits rush to line up for sunset prayers beside a banner announcing the day's event.
Piety and commerce side-by-side, this was the scene at the Saturday launch of the Muslim (...)
It's 2016. Ahmed Ezz, steel tycoon and former senior member of Hosni Mubarak's National Democratic Party (NDP), is head of a new party and running for president. What appears a nightmare for many Egyptians could become reality due to so-called (...)
Egypt's foreign reserves will plunge by a third to US$15 billion by the end of January and its budget deficit soar, an army official said on Thursday, in his latest grim and controversial pronouncement on the country's economy.
"By end of January of (...)
The IMF may yet ink a $3 billion loan deal with Egypt despite disagreements between the country's military and finance and planning ministries over foreign borrowing, an insider tells Ahram Online
The current visit of an IMF delegation to Cairo (...)
Egypt will increase its reliance on foreign borrowing to cover public spending needs and is reconsidering an IMF deal, minister of finance Hazem El-Beblawi said on Wednesday.
"In a short answer -- yes," was how Beblawi replied to a journalist's (...)
Recovering the Mubarak family's money will be a "very complex piece of work", Britain's ambassador to Egypt said on Wednesday.
Ambassador James Watt compared the tricky hunt for the ousted Egyptian ruling family's funds to the relative ease of (...)
A British business delegation has offered to be the Egyptian government's partner in building low-cost housing, hospitals, schools and general infrastructure projects.
"It's up to the Egyptian government to decide its priorities. These three (...)
Food inflation decreased for the fourth consecutive month, driving the overall annual inflation rate to fall to 8.5 per cent in August from 10.4 per cent in July. This records its lowest level in 2011, according to data posted on the website of the (...)
Social justice was one of three foremost demands of the Egyptian revolution, yet the new budget is glaringly biased to the rich, prompting protesters to demand a redraft that addresses the country's glaring inequities
The people may want a new (...)
In Tunisia's Bourguiba Square, the walls are still covered with revolutionary slogans: “Down with the dictator,” “Freedom to Tunisian people,” “Ali Baba and the 40 thieves.”
Over six months have passed since revolts against regimes were (...)
Tunisian interim President Fouad Mebazaa gives his views on the chaos of the moment and the bumpy road to a brighter future, six months after Mohamed Bouazizi set off revolution in over four Arab countries
On 15 January, Tunisia had a new president, (...)
In the days following Mubarak's departure, Egypt's new government sent a strong message that went almost unnoticed by the general public. The Ministry of Economic Development reverted to its old name: the Ministry of Planning.
Former Prime (...)
Changes to Egypt's taxation system will see higher taxes imposed on individuals and companies earning higher incomes.
"We are trying to avoid higher taxes on employees as the new wage structure will not permit soaring bonuses for senior civil (...)
An upswing in market activity fuelled a 0.48 rise in Egyptian stocks on Tuesday, with the benchmark index closing at 4,957.68 points in its second consecutive day of growth. This came after the EGX30 dropped to its lowest level in two years on (...)
"The White Taxi Drivers' League mourns Haj Eid Mahmoud, martyr, who was killed by minister of finance agents. He died while asking for our rights," tells a sign on more than a dozens cabs parked in front of Nasr City Hospital.
Haj Eid was one of (...)
Egypt's economy contracted 7 per cent in the first quarter of 2011, Finance Minister Samir Radwan told Egyptian television channel ONTV in an interview on Tuesday night.
"The economy posted negative growth of 7 per cent," said Radwan in an (...)
The Prosecutor-General has issued a travel ban on former prime minister Atef Ebeid and Citadel Capital chairman and founder Ahmed Heikel.
The two are accused of conspiring to embezzle public funds and profiteering, with the Prosecutor-General's (...)
The Egyptian General Petroleum Corporation raised its stake in Egyptian Refining Company, upping overall public stake to 49.5 per cent in a new oil refinery, says company's chairman
The Egyptian General Petroleum Corporation (EGPC) raised its stake (...)
Egyptian Prime Minister Essam Sharaf has dismissed former Prime Minister Atef Ebeid from his position as chairman of Arab InternationalBank on charges of corruption related to the Mubarak regime.
The former prime minister is accused of selling (...)