Middle-east Arab News Opinion | Asharq Al-awsat

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A man walks past a bread stand at a street corner in central Cairo, on April 11, 2013. (Reuters/Asmaa Waguih)

Egyptian cabinet cuts deficit in revised budget plan—spokesman

by Asharq Al-Awsat | Jun 30, 2014 | Business

Cairo, Reuters—Egypt’s cabinet has submitted a revised budget for the new fiscal year which starts on Tuesday, proposing a narrower deficit after President Abdel-Fattah El-Sisi rejected a previous draft because spending was too high, Finance Ministry spokesman...

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Mounir Fakhry Abdel Nour (Asharq Al-Awsat)

Egypt’s Trade and Industry Minister: Debt now above 100 percent of GDP

by Abdul Sattar Hatita | May 8, 2014 | Business

Cairo, Asharq Al-Awsat—Mounir Fakhry Abdel Nour is one the 20 ministers who survived Egypt’s cabinet reshuffle in March, which saw Hazem El-Beblawi replaced by Ibrahim Mahlab as premier. As Egypt’s Minister for Trade, Industry and Investment, he has a tough job on his...

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On this Wednesday, April 30, 2014 photo, tourists visit Luxor Temple, a large ancient Egyptian temple complex on the east bank of the Nile River in Luxor, Egypt. (AP Photo/Khalil Hamra)

Egypt announces plans to revive flagging tourism sector

by Asharq Al-Awsat | May 4, 2014 | Business

Dubai, Reuters—Egypt’s tourism minister on Sunday announced ambitious plans to try to revive the country’s tourism sector, in distress after years of political turbulence. Government data showed last month that tourism revenue dropped 43 percent to 1.3...

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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...

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In this undated photo, traffic moves along Cairo’s October 6th Bridge. (AFP/Khaled Desouki/AFP)

Opinion: Options for Egypt

by Ali Ibrahim | Jan 22, 2014 | Opinion

The traffic flow in Cairo could not be smoother in the early hours of the morning. During that time, a journey from Cairo International Airport to the heart of the capital can take less than 30 minutes, while during the day or the evening it may take two hours or...