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Egypt’s Islamist Groupies

There are few Egypt’s president can rely on more in these economic hard times than his band of Islamist brothers. Key financial supporters from Islamist-led governments have come through with cash injections at times of extreme economic hardship, when Mohammed Morsi faced a spike in inflation and subsequent social unrest. Egypt’s Islamist groupies, including Qatar, Turkey, …

Daily News Egypt

Egypt’s Economic Crisis Growing

By Sherif Elhelwa Egypt’s political and civil unrest is combining with economic decline to threaten the country’s future. President Mohamed Morsi’s decision to remove government subsidies from some forms of energy and to establish ration cards for gasoline has sparked popular anger. Dozens of Egyptians were injured when thousands of supporters and opponents of Morsi’s …

Daily News Egypt

Egypt’s untold diesel story

By Farah Halime The people at Cairo-based brokerage firm Pharos Holding have sent investors a thorough breakdown of the reasons behind Egypt’s diesel crisis. Titled “Diesel Crisis: Unquoted Figures and Untold Stories. The Secret behind Diesel Shortages in Egypt”, the document sheds light on the country’s fuel crisis. Pharos Research sourced diesel import data from the main government …

Daily News Egypt

Pity Sawiris

At a time when many Egyptian workers are protesting against the chief executives of companies demanding better rights, employees at Orascom Construction Industries demonstrated an unusual display of loyalty against accusations from the government that the company owes EGP 14bn ($2.1bn) in back taxes relating to the 2007 sale of its cement arm to France’s Lafarge. Hundreds of …

Daily News Egypt

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 …

Daily News Egypt

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 …

Mahmoud Salem

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 …

Daily News Egypt

Dr H.A. Hellyer

“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 …

Dr H.A. Hellyer

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 …

Daily News Egypt