Middle-east Arab News Opinion | Asharq Al-awsat

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File photo showing a power plant at the Saudi Electricity Company’s Central Operation Area, south of Riyadh, on April 27, 2012. (Reuters/Fahad Shadeed)

Bids for joint Saudi–Egyptian electricity grid project to be tendered in December—source

by Fatima El-Haj | Apr 2, 2014 | Business

Cairo, Asharq Al-Awsat—Tenders for subcontractors involved in the Saudi–Egyptian electricity grid project will be held later than initially planned, but the project is progressing on schedule, according to Gaber El-Desouky, the president of Egypt’s state-owned...

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File photo of Hani Kadry Dimian taken on March 12, 2014. (REUTERS/Mohamed Abd El Ghany)

Egypt: Experts decry 5 percent “rich tax”

by Fatima El-Haj | Mar 24, 2014 | Business

Cairo, Asharq Al-Awsat—A proposed additional 5 percent annual tax on higher income earners in Egypt has drawn criticism from a number of economic experts speaking to Asharq Al-Awsat. The plan, announced by newly appointed Minister of Finance Hani Kadry Dimian, imposes...

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File photo of traders working at the Egyptian stock market in Cairo on February 2, 2014. (REUTERS/ Mohamed Abd El Ghany/Files)

Egyptian economy faces major challenges, say economists

by Fatima El-Haj | Mar 23, 2014 | Business

Cairo, Asharq Al-Awsat—The Egyptian economy faces three main stumbling blocks on the road to a recovery, according to a number of economic experts who spoke to Asharq Al-Awsat. The experts agreed the country’s low productivity—particularly the decline in tourism after...

Media ID: 55330291
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File photo of Hani Kadry Dimian taken on March 12, 2014. (REUTERS/Mohamed Abd El Ghany)

Egypt’s Finance Minister on Taxes, Subsidies

by Fatima El-Haj | Mar 21, 2014 | Business

Cairo, Asharq Al-Awsat—Egypt is a country known for civil disobedience based on economic troubles, and particularly the day-to-day difficulty ordinary people have affording the necessities of life: there were the bread riots of the 1970s, and during the 2011...