Tag: devaluation

Sisi’s fridge and Egypt’s frosty economy

By Khaled Diab A gaffe by Egypt’s president about his refrigerator reveals just how much Egyptians have cooled towards Sisi and his chilling economics. Monday 7 November 2016 You could say that Egypt has had its very own Watergate. But…

Egypt’s pharaoh illusion

The idea that Egyptians are docile sheeple who need a pharaoh to shepherd them is a myth that dates back to the not-so-ancient times of the Nasser era.

Egypt’s dollar woes

Hopes are devaluation will resolve Egypt’s dollar crisis, but the situation could spin out of control without a global currency for international trade