By Farah Halime – Rebel Economy 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 since Mubarak stepped down in early 2011, said: “one of the important …
By Farah Halime, Rebel Economy Egypt’s deputy finance minister, Hany Kadry Dimian, has left his post after six years in the ministry, a source at the finance ministry told Rebel Economy, delivering a blow to the country’s chances of concluding a loan agreement with the International Monetary Fund. Mr Dimian, who has served as the deputy …
By Farah Halime 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 capitalism, now we’re trying Islam,” cried supporters of Mohamed Morsi, when he was …
IMF has it wrong on Egypt
Egypt steel tycoon jailed, but company lives on
Lost in translation: energy subsidies
Egypt’s Catch 22
EGYPT’S BUDGET DEFICIT: WHY NO ONE WANTS CUTS By Farah Halime, Rebel Economy While many people generally agree that governments faced with deficits must cut spending, most do not like cuts to specific programmes. It’s the same everywhere, not least in the US where a national survey found that for 18 of 19 programs tested, the majority wanted either …
Original sin: Where did Arab economies go wrong?
Port Said: Egypt’s Statue of Liberty By Farah Halime, Rebel Economy After yesterday’s deadly clashes with as many as 30 killed, it’s hard to imagine how the Port Said of today was once the object of a sculptor’s fascination. In the 1850s, French sculptor Frederic Auguste Bartholdi planned to build what is now known as the Statue of …
By: Farah Halime Billions of dollars of financing earmarked for Egypt is mounting up behind an International Monetary Fund (IMF) dam. Until Egypt agrees a final deal with the IMF for a $4.8 bn loan package, none of the estimated $14.5 bn in additional financial support and aid will be released. The effects of the …
Egypt’s weak water fight
Two former central bank governors on Egypt currency woes
Will Egypt’s new finance minister be open to discussion?
Why Morsy is Behind Egypt’s Dollarisation Crisis
Egypt Central Bank Battle, Budget Deficit Under Morsy, Retail Always Wins
Egypt’s constitution and why the wheel won’t turn
The Flaws of Egypt’s Anti-IMF Loan Movement
The government’s “fix-all” economic proposal, DP World is old and new Dubai
IMF “Deal or No Deal.” we won’t produce a Salafi Ahmed Ezz, say Salafis
US victory shines light on Egypt’s inexperience, energy problems
Gulf arms sales, James Bond’s villain, fire EFG CEOs?
Human vs machine, IMF in Cairo, interest payments on Egypt debt
Central bank meeting, interest rates explained as Egypt cuts corners
