A private equity fund launched by Gamal Mubarak managed to reel in millions of dollars of investment from Egypt's elite, revealing the depths to which political and business connections ran as he began rising in stature in the late 1990s.
According (...)
Questions were already being raised about Egypt's new liberals and whether they really were as democratic as they claimed to be.
But, as Sharif Abdel Kouddous wrote in the Nation recently, “the turning point came on August 14, when the military and (...)
Words, Rudyard Kipling once said, are the most powerful drug used by mankind.
Individuals, companies, political parties and governments will work tirelessly to ensure the right words are transmitted to as many people as possible. Public relations (...)
Egypt's army has put the country on a path to economic destruction.
Not only will foreign investors stay away from Egypt for at least a year, but the cabinet is going to fall apart and aid will be hard to come by.
The nation, now more vulnerable (...)
The government's tactic to avoid major austerity measures and instead try to stimulate the economy by pumping in new funds may be popular among Egyptians, but risks delaying the country's economic recovery.
The new minister of finance, the sixth (...)
With the rise of political Islam across North Africa in the wake of the Arab Spring uprisings of 2011, Islamic finance is being touted as the solution to decades of unemployment and economic inequality.
“We've tried socialism, we've tried (...)
How fitting that on April Fool's Day, the Egyptian government attempts to deceive us all by claiming that its plans to raise the price of state-subsidised cooking gas for the first time in two decades will actually make any difference to the (...)
In a desperate move to save power, Egypt's international airport will close most of its runways for four hours each day from early June, Reuters has reported.
The airport is the latest casualty of Egypt's struggle to pay for fuel imports.
As if to (...)
“Late one night in November 2010, a plane carrying dozens of Colombian men touched down in this glittering seaside capital [Abu Dhabi]. Whisked through customs by an Emirati intelligence officer, the group boarded an unmarked bus and drove roughly (...)