Vol 54 No 7 | EGYPT No cash to count on 29th March 2013 The failure of successive governments to get a grip on economic policy has left Egypt’s finances in a perilous state In November, President Mohamed Mursi decided to give priority to consolidating his power base. The economic consequences are now becoming starkly apparent. Foreign exchange reserve...
Vol 54 No 1 | EGYPT Navigating the rapids 10th January 2013 Egypt is set for another turbulent year as the political conflicts following the 2011 revolution play out and the economy struggles to recover Elections for the lower house of parliament, the Maglis el Nuwab, are scheduled during the next two months but could be delayed if disputes over the constitution persist. The polls...
Vol 53 No 25 | EGYPT A country polarised 14th December 2012 The President’s enforcement of his power over the judiciary paves the way for a new constitution and a dangerously divided country If the referendum on Egypt’s new constitution goes ahead as planned on 15 December and wins a majority, it will mark a political victory for President Mohamed Mursi and the Muslim ...
Vol 53 No 25 | EGYPT Tax threat to IMF deal 14th December 2012 The uproar caused by President Mohamed Mursi’s declaration of full powers on 22 November threatens Egypt’s efforts to mobilise funds from the International Monetary Fund and other ...
Vol 53 No 24 | EGYPTSUDAN Egyptians return in search of gold 30th November 2012 Last August, Egyptian billionaire Naguib Onsi Sawiris, 58, bought La Mancha Resources, owner of 40% of Sudan’s Ariab Mining Company. Naguib is a Coptic Christian and telecommunicat...
Vol 53 No 21 | EGYPTINTERNATIONAL MONETARY FUND IMF finance for Mursi's new order 19th October 2012 The planned US$4.8 billion International Monetary Fund loan for Egypt could be concluded within the next two month. And other foreign financing is on its way, say officials at the...
Vol 53 No 20 | EGYPT Courting foreign business 5th October 2012 The new government wants to win back the confidence of foreign investors but all it has to offer is warmed-up policies from Mubarak’s era At the end of September, an Egyptian investment bank, the Beltone Financial, held a conference in Cairo for its international clients, heralding a ‘New Dawn’ for the Egyptian econo...
Vol 53 No 17 | EGYPT President Mursi's soft coup 24th August 2012 The Muslim Brothers consolidate power and find some military support, while the media suffers a crackdown When President Mohamed Mursi retired the two most powerful military officers on 12 August, he strengthened the Muslim Brotherhood’s grip on power but the move also seems to have wo...
Vol 53 No 17 | EGYPT Let them wear cotton 24th August 2012 One of the first challenges for Egypt’s new Prime Minister, Hisham Kandil, was to explain the collapse of large swathes of the electricity grid in early August. In a late-night tel...
Vol 53 No 15 | EGYPT The ball is in the court 19th July 2012 Judicial battles are as crucial to the political future as the clashes between Mursi and the military President Mohamed Mursi’s challenge to the validity of a constituent assembly dictated by the military has been postponed amid brawling in court, on the street and in politics in g...