Middle-east Arab News Opinion | Asharq Al-awsat

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File photo of people and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt’s headquarters in downtown Cairo. (Reuters/Amr Abdallah Dalsh)

Egypt central bank eases control on foreign transfers

by Sharif Yamani | Jan 8, 2014 | Business

Cairo, Asharq Al-Awsat—The Central Bank of Egypt has eased restrictions on foreign currency transfers abroad, allowing individuals to make a one-time transfer of up to 100,000 US dollars this calendar year. In a letter circulated to Egyptian banks on Monday and posted...

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Egyptian army armoured personnel carriers (APC) are stationed outside the Kingdom of Saudi Arabia embasy on August 19, 2013 in Cairo. (AFP PHOTO/GIANLUIGI GUERCIA)

With Gulf aid, Egypt economy can limp through crisis

by Asharq Al-Awsat | Aug 20, 2013 | Business

Cairo, Reuters—Egypt’s political crisis has dealt a blow to any hopes for a quick economic recovery, but aid from its Gulf allies is likely to prevent a financial collapse. Clashes between followers of deposed Islamist President Mohamed Mursi and security forces...

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A souvenir shop in the Khan El-Khalili market, at Al-Hussein and Al-Azhar districts in old Cairo April 5, 2013. Source: REUTERS/Amr Abdallah Dalsh

Egypt Can Learn from Post-Revolutionary Mistakes

by Hideki Matsunaga | Apr 10, 2013 | Opinion

An authoritarian regime that had ruled for thirty years finally collapsed. Demonstrators had taken to the streets and toppled the oppressive government, but the country still had to go through a transformation period. The economy was stagnant, Islamists were gaining...