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Russian President Vladimir Putin (R), shakes hands with Egypt’s Abdel-Fattah El-Sisi during their meeting at the Novo-Ogaryovo state residence outside Moscow on February 13, 2014. (Reuters/Mihail Metzel/RIA Novosti/Kremlin)
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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
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...Caption:
A general view of the Nile River and the Cairo skyline is seen from the Cairo Tower in Cairo Tower in the Zamalek district on Tuesday, August 27, 2013. (AP Photo/Manu Brabo)
Egypt: Strike action takes center stage
Cairo, Asharq Al-Awsat—Thousands of Egyptian textile workers demonstrated on Monday, as doctors and pharmacists called for partial strikes to demand better pay and conditions in the first major industrial action since the downfall of former President Mohamed Mursi....Caption:
A man walks past graffiti depicting poverty and homelessness in downtown Cairo on December 5, 2013. (REUTERS/Amr Abdallah Dalsh)
Egyptian urban inflation soars, adds to risk of social unrest
Cairo, Reuters—Egyptian urban consumer inflation soared in November to its highest annual rate in nearly four years, increasing the risk of social unrest and potentially setting up a policy dilemma for the central bank. Crippled by political turmoil since a popular...Caption:
An Egyptian supporter of Egypt’s Islamist President Mohammed Morsi holds his poster during a rally outside the Rabia el-Adawiya mosque near the presidential palace in Cairo, Saturday, June 29, 2013 (AP Photo/ Amr Nabil)