The unprofessional coverage of the ‘coup’
A coup d’etat is, according to Oxford English Dictionary, “a sudden, violent, and illegal seizure of power from a government”. According to western media, this is what happened in Egypt…
Ousting Morsi: A Pyrrhic victory?
Analysts and pundits inside and outside Egypt are deliberating and wondering what exactly happened in the country. People are asking questions such as: “Was it a coup d’état? What do…
The winding path of Egypt’s revolution
By Dr Brecht De Smet There are many ways to interpret the 30 June protests and former president Mohamed Morsi’s exit. From a formal democratic perspective, the military intervention constituted…
Economic researchers express fear over the economic future
Bank of America Merrill Lynch Global Research described the transition in a report as having created a “concerning precedent, although the subsequent roadmap is broadly in line with demands from…
Investor optimism back in force
Retired investors return to stock market on optimism about the country’s economic future
Egyptian businessmen create economic rescue fund
Fund set up to commemorate Morsi’s ouster, help finance country’s ailing economy
Banks lower interest rates 1% on Treasury bills
Central Bank releases bids for new bills worth upwards of EGP 7bn, at a 14.1% interest rate
Goods transport running as normal: supply ministry
Families consisting of five or more individuals would obtain one and a half kilograms of beans and three bags of pasta.
Fitch cuts Egypt’s credit ratings from B to B-
The global rating firm could further downgrade Egypt’s credit rating, as outlook is already negative