Middle-east Arab News Opinion | Asharq Al-awsat

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People wait to buy fuel at a petrol station in Cairo, on July 6, 2014. (REUTERS/Amr Abdallah Dalsh)

Egypt plans cash benefits in early 2015 to offset subsidy cuts: minister

by Asharq Al-Awsat | Oct 21, 2014 | Business

Cairo, Reuters—Egypt will introduce two new cash benefits early next year as part of government efforts to minimize the impact of subsidy cuts on the poor, a government minister said. President Abdel-Fattah El-Sisi’s government raised fuel prices by up to 78...

Media ID: 55334080
Caption:

People wait to buy fuel at a petrol station in Cairo, on July 6, 2014. (REUTERS/Amr Abdallah Dalsh)

Opinion: Slashing Subsidies in Egypt

by Ali Ibrahim | Jul 9, 2014 | Opinion

The recent decision by the Egyptian government to cut fuel subsidies is a bitter medicine to swallow for the Egyptian people. Patients hoping for a quick recovery often have no choice but take the medicine prescribed, despite any concomitant unpleasant side effects...

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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...