Latest in Tag: Economics Highlight

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Latest in Tag: Economics


Year End 2014: What has the president accomplished so far?

President Abdel Fattah Al-Sisi made several economic promises to Egyptians prior to his election. Daily News Egypt reviews the goals set and analyses how far along they are from realisation. Prior to election, then-political candidate Al-Sisi cited “national security” concerns for not sharing his detailed vision. Al-Sisi stated that only the broad lines of his …

Sara Aggour

How to deal with emerging markets volatility

By John Wasik Since the beginning of the year, emerging markets have been like cats on a hot tin roof. Hot money is skittering out of foreign markets as countries from Argentina to Turkey have been clawed by economic and political turmoil. But even with heightened concerns about the prospects of developing countries, emerging markets …

Daily News Egypt

The Sahel: One region, many crises

By André-Michel Essoungou Africa’s Sahel region faces many complex and interconnected challenges. Here are some of the major ones, and how the United Nations is assisting the region in finding solutions.   The food crisis When the Sahel is in the news, it is often because millions of people are at risk of going hungry. …

Daily News Egypt

Op-ed Review: Adly Mansour and social justice

The interim president’s future Abdallah Al-Sinawy Al-Shorouk Newspaper Al-Sinawy begins his article by explaining that Adly Mansour did not expect his current position as interim president. “He had not even officially accepted his position as head of the constitutional court when he was assigned [to be] the new president for Egypt, according to the 3 …

Daily News Egypt

Englishman in New York

Would you like this delivered? It was a normal question in Cairo. But in Brooklyn, New York, my friend was a little surprised. New York City residents do boast about being able to have anything delivered. But, if McDonald’s doesn’t have 24-hour delivery, how much can they really boast? After a trip to the other place he calls home, an Egyptian-American friend was talking about the conveniences he enjoyed while being back in New York and how they compare to Cairo. …

Iris Boutros

Red herrings

A few weeks ago, in his regular New York Times column, Thomas Friedman applauded the “radical evolutions” taking place across the Arab Gulf, dubbing them “The Other Arab Awakening“. Friedman makes the sweeping claim that, “in the wake of the Arab Spring, [Gulf leaders] are deeply concerned with their legitimacy, which they are discovering can …

Rasheed Hammouda

Editor’s Letter: Egyptians between the two Gamals (5 of 5): Sisi in Nasser’s suit, Sadat’s tongue and Mubarak’s fist

Since the ouster of President Mohamed Morsi on 3 July this year by the military with support of the masses, Egypt is witnessing a unique example of governance models: all-in-one leadership style. Officially, we have Mr Adly Mansour as the interim president of the country until the so-called roadmap is accomplished sometime hopefully this coming …

Maher Hamoud

Inclusive entrepreneurship

  Gedety was too good to be true. Yasser El Zahhar, its founder, had the idea to start a social business that would employ non-working Egyptian women to make products that working Egyptian women could use to make quick, but healthy meals for their families. All he would need to do is buy his agricultural …

Iris Boutros

The new world of export controls

By Dr. Paul Freedenberg and Dr. Michael R. Czinkota In the summer of 2009, President Obama announced a plan for a complete US export control reform (ECR).  Then Secretary of Defence Gates argued that the system was “overly complicated, contains too many redundancies, and in trying to protect too much, diminishes our ability to focus” …

Daily News Egypt

Egypt’s veil of ignorance and the social contract

“[A]pply the following test. Recall the face of the poorest and the weakest man whom you may have seen, and ask yourself, if the step you contemplate is going to be of any use to him. Will he gain anything by it? Will it restore him to a control over his own life and destiny? …

Iris Boutros

Powering economic equality: GE, Ashoka Changemakers and social entrepreneurs

Three social entrepreneurs will receive cash prizes from GE and Ashoka Changemakers in the Women Powering Work competition for innovations that will advance economic opportunities for women in the MENA region. Better integrating women in the labour market is good for all. When women have more cash, they better invest in nutrition, health and education. …

Iris Boutros

Egyptian female youth and their labour market

Recently, I was stunned. I had quite a surprising experience while interviewing a young, Egyptian woman for a basic entry-level analyst-type position. From my perspective, the interview was going well. The young woman was bright and seemed to have many of the qualities I was looking for in a candidate. As we were wrapping up, …

Iris Boutros

Editor’s letter: Egyptians between the two Gamals (2 of 5): The Mubarakonomics of dismantling Nasser’s state

Ousted president Hosni Mubarak had his own economic model that can be described as an incoherent blend combining the disadvantages of both capitalism and socialism in one entity. We can easily call it Mubarakonomics. A pro-rich neoliberal model in a fat nonfunctioning extremely centralised state. Under such a model, the middle and lower income groups …

Maher Hamoud

Bartered bride

Philip Whitfield Brave reporting by Hamza Hendawi. His Associated Press copy from Dalga makes your blood boil. Morsi supporters are ethnically cleansing Christians in a town a hop skip and a jump from Tahrir Square. The police stand idly by while 20,000 Christian homes and businesses are torched. An Orthodox priest’s house is burned down. …

Daily News Egypt