Tagged with Economy

Friday Prayers for Egypt: Starts and Fits

Friday Prayers for Egypt: Starts and Fits

God, It can be difficult to begin again. Promising signs give way to more trouble. Egypt is looking to rebuild after several hard years of revolution. Be with her. The president has launched a new administrative capital city to house government by the end of the decade. But will it end as previous efforts, Cairo … Continue reading

Friday Prayers for Egypt: More Reform

Friday Prayers for Egypt: More Reform

God, Two more price categories are now set for increase: Water, by up to 50%, and bus tickets, the same. Subsidies are being slashed across the board, and inflation is rising. The government has implemented procedures to help the poor, who are many. The economy is struggling, and has been imbalanced for a long time. … Continue reading

Friday Prayers for Egypt: Fuel Subsidy

Friday Prayers for Egypt: Fuel Subsidy

God, It was approved earlier, but implemented now. It was expected before, but now felt in pocket. It was to come, and more is coming. The fuel subsidy was slashed, with some products doubling in price. It hits the middle class and their fleet of automobiles. It hits the lower class with microbuses and gas … Continue reading

Friday Prayers for Egypt: Internal Organs

Friday Prayers for Egypt: Internal Organs

God, Inflation hit a high of 20 percent this month. Egyptians are suffering as the state seeks to stop years of internal bleeding. But the response of some only does more damage – to themselves and the country. Egypt this week arrested a ring of doctors involved in the illegal trafficking of organs, attached even … Continue reading

Friday Prayers for Egypt: November Float

Friday Prayers for Egypt: November Float

God, Egypt finally took the plunge. After years of spending hard currency to support the pound, the Central Bank decided to float it against the dollar. Economists rejoiced, IMF authorities nodded, and an already inflationary local market braced for another blow. Society, meanwhile, braces for planned protests on November 11. No one is certain if … Continue reading

Friday Prayers for Egypt: Church and Loan

Friday Prayers for Egypt: Church and Loan

God, Long awaited items seem almost there. But almost to arrival is still a distance. Give wisdom in the final days of discussion. Egypt’s Christians have long complained of difficulty in securing authorization to build churches. The new constitution mandated a law be passed by parliament in its first term to govern a better process. … Continue reading

Misguided Ideas on the Egyptian Economy

Misguided Ideas on the Egyptian Economy

Writing in the UAE-based National, Patrick Werr outlines six common motifs that Egypt tends to rely on for the promotion of its economy. They are dead wrong, he explains, and actually harmful. Here is the list: A strong currency means a strong Egypt Egypt has vast desert areas. With only a bit of resolve they … Continue reading

Friday Prayers for Egypt: Corruption and Economy

Friday Prayers for Egypt: Corruption and Economy

God, Will Egypt be serious? Can it be? Is tackling corruption really part of the agenda? Cries of corruption are a time-tested way to taint an opponent. Given its assumed pervasiveness they may even be true. But as the minister of agriculture falls, as does – ironically – an anti-corruption activist, help the government tackle … Continue reading

Friday Prayers for Egypt: Economic Execution

Friday Prayers for Egypt: Economic Execution

God, So much of a nation’s economic strength depends on perception. Egypt is poised to receive a boost this weekend, as it hosts a massive investment conference attracting business leaders and heads-of-state the world over. But let it be real, God, and let it be good. To be real, let it address infrastructure and corruption. … Continue reading