Latest in Tag: Economy Highlight
Latest in Tag: Economy
Bakery owners cripple the Ministry of Supply
Bakers demand the cancellation of government’s new decision to provide them with flour at global market prices
In Egypt, it helps to have the ‘right’ parents
By Farah Halime, Rebel Economy Circumstances beyond our control, including our parents’ job titles, have become more important in deciding the fate of young Egyptians in the job market, World Bank data shows. The type of job a young person ends up with is heavily influenced by the occupations of their parents, underscoring the inequality …
The not-so-black market
Adel Heine’s weekly column
Islam’s enemy!
It goes without saying that the Egyptian crisis is now beyond repair. None of the parties involved, including the military, have the power to resolve the conflict that the country seems destined to engage in. At some point there was hope for such a solution, but it now all seems that we are heading to …
Rebel Economy Wrap
IMF has it wrong on Egypt
World Bank invests $250m, creates 250,000 jobs in Egypt
The project targets those who are incapable of finding a job, and labourers
Sudanese representatives in Cairo for meetings on Darfur
Morsi expresses support for Darfur reconstruction and strengthening of bilateral relations with Sudan
Rebel Economy Wrap
Egypt steel tycoon jailed, but company lives on
Tourism in the news: Giza signs tourist development protocols for Bahariya oasis
The governorate of Giza recently signed a cooperation protocol with the Public Authority for Tourist Development to study and review strategic plans for tourist development services in the Bahariya oasis region. The protocol aims to identify ways to promote the region as a promising development area to private sector investors. Ali Abd al-Rahman, the governor …
Tourism in the news: € 1.8m grant given to Egypt’s Hotels Chamber to support environmental management systems program
Egypt’s Hotels Chamber recently received a €1.8m grant from the European Union as part of the latter’s pledge to fund its Environmental Management Systems and Sustainable Tourism Program for hotel facilities and resorts in the Mediterranean Sea basin. Hala Khatib, general secretary of the Hotels Chamber, said the grant will be used to train workers …
Rebel economy wrap
Lost in translation: energy subsidies
“The Revolution continues”: No longer a slogan
When the crowds swelled in the Square of Liberation in January 2011, the chant of al-sha’ab yurid isqat al-nidham (‘the people demand the fall of the regime’) was a pithy slogan. By the time Hosni Mubarak was pushed out of power eighteen days later, Tahrir Square had become much more than simply a place where …
Rebel economy wrap
Egypt’s Catch 22
Kerry meets Morsi and intelligence chief
US secretary of state met Morsi, following meetings with opposition figures, businessmen and Minister of Defence
Egypt invites the IMF to reopen negotiations
Minster of Investment Ossama Saleh said that Egypt hopes to conclude the deal by the end of April
Interview: A conversation with the German embassy
Strong economy is crucial to Egypt’s transition to democracy: Michael Bock, German ambassador to Egypt
Choking up
By Philip Whitfield Notice the traffic? Given up going out? Carrying a doggy bag on the shopping run? Good news. Nobody will be able to afford to drive soon. Everyone’s money will be spent paying the gas bill and keeping cool in ice baths. Who dares flick on the air-con? Bit chilly? Snuggle up in …
Shura Council approves raising military pensions
Pensions for military personnel to be raised from 15% to 20% with no maximum limit
Electricity and energy ministry to hold bid for BOO power station in Dairut
Minister of electricity and energy: Dairut factory will be the first of its kind in Egypt to operate on a BOO scheme
Regus ‘optimistic’ on Egyptian exports
The most profitable areas for export are emerging markets and Europe
Rebel Economy wrap
Original sin: Where did Arab economies go wrong?
New Budget to be presented to Shura Council in March
The Ministry of Finance has consulted with a number of government agencies in order to discuss the budget
Sokhna crisis resolved
The Sokhna strike has ended after much negotiation, with workers finally returning to their jobs after a presidential proposal
Samsung factory gives priority to Beni Suef residents
The company’s factory in Beni Suef is its first in the MENA region
Mahmoud Al-Garf: A new road map for industrial investments is being implemented
Daily News Egypt interviews Dr Mahmoud Al-Garf, president of the Industrial Development Authority (IDA)
Rebel Economy Wrap
Egypt runs out of cash for diesel subsidies
CAPMAS: Trade deficit jumps 28.8% year-on-year in November
Exports fell by 1.5%, while imports jumped 14.4% during the same period
Unemployment hits 13%
Labour force survey for Q4 2012 reveals growing rate of unemployment
Egypt’s consumer confidence dips nine points in Q4
Optimism for local jobs prospects declined nine points
Rebel Economy Wrap
Then & Now: 11 February 2011/2013