Monday 12 August 2013

Some Egypt businesses thrive in crush of economic downturn | Reuters

Some Egypt businesses thrive in crush of economic downturn | Reuters:

"Egypt's smaller companies have struggled since the uprising that pushed aside Hosni Mubarak in 2011. But in a few corners of the economy, businesses are doing just fine.

Against a background of unrest, access to credit and foreign currency has dried up. Government officials have stopped taking decisions and security has all but disappeared from the streets.

Factories and workshops have been hit by interruptions in subsidized diesel and gasoline and by regular power outages as the government runs low on the dollars it needs to import petroleum products from abroad."

'via Blog this'

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