Egypt launched a long-awaited economic reform programme last November as part of its deal with the International Monetary Fund (IMF) that has provided funds critical to preventing the pound's meltdown as well as opening the door for foreign funds to (...)
Egypt embarked on an economic reform programme last November as part of its deal with the International Monetary Fund (IMF) to fix its chronic economic problems. With the package of reforms planned, it was expected that the country's high inflation (...)
After a tough struggle to get the foreign exchange market under control with its huge gap between the official rate and the black market rate for the Egyptian pound, the Central Bank of Egypt (CBE) threw in the towel late last year and resorted to (...)
Economic developments overshadowed all other news in the last few weeks, whether in the form of the high dollar exchange rate, the Central Bank of Egypt's attempts to suppress the black market, rises in prices and the formal announcement of the (...)
In the wake of the 25 January Revolution in 2011, the Egyptian economy witnessed significant deterioration because of the security and political turbulence that followed. This led to a reduction in various sources of foreign currency, particularly (...)
The Suez Canal is one of the most important global waterways, with a tenth of the world's trade passing through it. For Egyptians, the importance of the Suez Canal extends far beyond the thousands of Egyptians who died while digging it 150 years (...)
Iran has been in trouble with the West since the Islamic Revolution in 1979. Following the American hostage crisis, the first sanctions were levied at an early stage of the then newly formed Islamic Republic of Iran, and then more sanctions were (...)
No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to its knees, and now faces stagnation. Growth has stopped at 2% since the revolution, and the government budget deficit scored record (...)
No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to its knees, and now faces stagnation. Growth has stopped at 2% since the revolution, and the government budget deficit scored record (...)
Political change comes with a cost. The economic and social burdens that follow are usually not shared equally. Particular groups may incur a relatively higher burden than the rest of the society. Egypt is an interesting case to consider in this (...)
With a new president elected and a new government appointed after three-and-a-half years of transition, now is the time to tackle Egypt's accumulated problems.
On the one hand, the political situation needs a deeper look to allow us to reach a (...)