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Economy

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Economy

Economy in a week: Taxing the rich

Egypt's Minister of Finance announced ongoing negotiations on a five percent exceptional taxation for wealthy individuals over three years, in a bid to increase state revenues. Running out of options…

Sherif Zaazaa 8 دقيقة قراءة
#heliopolis

The final stop

Medhat and his friend have been sitting on a broken-down bench across from the decrepit train tracks in Heliopolis for about 15 minutes, waiting to take the tram home. “It’s…

Passant Rabie 6 دقيقة قراءة
#Kamal Abu Eita

From Mahalla

  A horse-drawn cart sends ripples down a flooded street in one of Mahalla's many working-class neighborhoods. Around the corner, a group of men stand quietly chatting at the gates…

Tom Rollins 8 دقيقة قراءة
#economy

Economy in a week: Egypt reclassified as frontier market

After a three-year review, Russell's Annual Index reclassified Egypt's status from an emerging to a frontier market. And yet Sherif Sami, chairman of the Financial Supervisory Authority (EFSA), refuted the downgrade,…

Sherif Zaazaa 6 دقيقة قراءة
#Gharbiya

New PM pledges little to calm labor unrest

Seeking to quell months of labor protests over pay and corruption allegations, newly appointed Prime Minister Ibrahim Mehleb visited the country's largest textile company in the city…

3 دقيقة قراءة
#Ibrahim Mehleb

New govt announces aim to limit labor unrest

New Prime Minister Ibrahim Mehleb’s appointment of the controversial figure Nahed al-Ashry as Minister of Manpower has caused a great deal of concern among labor activists and independent trade union…

Jano Charbel 7 دقيقة قراءة
رأي
Shanta Devarajan

Is higher minimum wage the solution?

«The recent article in Mada Masr on Egypt’s new public-sector minimum wage “falling short” makes the right point — that it will exacerbate inequality — but…»

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#economy

The ABCs of VAT

Since the 1990s, Egypt’s government, international financial institutions such as the International Monetary Fund and many independent economists have pushed for Egypt to adopt a value-added tax, or VAT for…

Isabel Esterman 10 دقيقة قراءة
#Ezbet al-Nakhl

Evicted and nowhere to go

Four days after security forces came in with bulldozers and demolished Nadia Abdel Kader’s house and the small kiosk where she sold merchandise for a living, the sight of a…

Heba Afify 10 دقيقة قراءة

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