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Why Egypt’s pound is not strengthening

By Farah Halime, Rebel Economy Take a look at this chart, which the Central Bank of Egypt  has been proudly parading this month: It shows how the pound’s official price, controlled by the central bank, has been appreciating slowly since the overthrow of Islamist president Mohammed Morsi. If we were to take this graph at face value, …

Daily News Egypt

Trade deficit shrinks 25% in March

Meanwhile, imports fell 7.8% year on year to EGP 35.8bn due to the decreasing prices of some goods like wheat, corn, chemical products and wood. In March of last year, imports registered EGP38.8bn.

Nada Badawi

Op-ed review: Adjusting the tax law…a new cycle of economic confusion

Ziad Bahaa El-Din Al-Shorouk Newspaper Columnist Ziad Bahaa El-Din tackles the issue of the new tax law issued by the Shura Council. “While Egyptians are busy pondering the fate of the kidnapped soldiers, the economic crisis, the blackouts, and preparing for the exams season, the Shura Council is issuing a new tax law. Its purpose …

Thoraia Abou Bakr