{"id":644820,"date":"2017-07-04T04:03:13","date_gmt":"2017-07-04T04:03:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/egypts-austerity-measures-are-good-for-investors-bad-for-the-people\/"},"modified":"2017-07-04T04:03:13","modified_gmt":"2017-07-04T04:03:13","slug":"egypts-austerity-measures-are-good-for-investors-bad-for-the-people","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/egypts-austerity-measures-are-good-for-investors-bad-for-the-people\/","title":{"rendered":"Egypt\u2019s austerity measures are good for investors, bad for the people"},"content":{"rendered":"

Austerity measures in Egypt have been good for investments but no so much for the people, <\/strong>Farid Y. Farid writes for QZ<\/a>. While reform measures, including the recent hike in fuel prices, have \u201cpaid off handsomely with the EGP ranking as one of the best performing currencies this year,\u201d he says, \u201cthe painful belt tightening measures are hitting the middle class hard in a country where nearly 28% of the population lives below the poverty line.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Austerity measures in Egypt have been good for investments but no so much for the people, Farid Y. Farid writes for QZ. While reform measures, including the recent hike in fuel prices, have \u201cpaid off handsomely with the EGP ranking as one of the best performing currencies this year,\u201d he says, \u201cthe painful belt tightening […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[2386,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-644820","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6b972f38-f532-44b0-95ff-0c80c05109da","order":"0","is_powered_by":true,"section_story_id":"cea5fc8f-dfc6-48bb-aa9e-88bd3c722fc6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[644796],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s austerity measures are good for investors, bad for the people - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/egypts-austerity-measures-are-good-for-investors-bad-for-the-people\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s austerity measures are good for investors, bad for the people\" \/>\n<meta property=\"og:description\" content=\"Austerity measures in Egypt have been good for investments but no so much for the people, Farid Y. Farid writes for QZ. While reform measures, including the recent hike in fuel prices, have \u201cpaid off handsomely with the EGP ranking as one of the best performing currencies this year,\u201d he says, \u201cthe painful belt tightening […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/egypts-austerity-measures-are-good-for-investors-bad-for-the-people\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-04T04:03:13+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/egypts-austerity-measures-are-good-for-investors-bad-for-the-people\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/egypts-austerity-measures-are-good-for-investors-bad-for-the-people\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s austerity measures are good for investors, bad for the people\",\"datePublished\":\"2017-07-04T04:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/egypts-austerity-measures-are-good-for-investors-bad-for-the-people\/\"},\"wordCount\":87,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt in the News\",\"EnterpriseAM\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/egypts-austerity-measures-are-good-for-investors-bad-for-the-people\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/egypts-austerity-measures-are-good-for-investors-bad-for-the-people\/\",\"name\":\"Egypt\u2019s austerity measures are good for investors, bad for the people - 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Following the standard pattern of stories on the economy immediately following\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/1430.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652300,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/austerity-measures-are-not-the-way-to-go-so-lets-tax-the-rich\/","url_meta":{"origin":644820,"position":1},"title":"Austerity measures are not the way to go, so let\u2019s tax the rich","author":"enterpriseam admin","date":"5 January 2017","format":false,"excerpt":"Take your blood pressure meds before reading this one: Austerity measures have never worked and will not save the economy, self-styled economic expert Medhat Nafe\u2019 writes for Al Shorouk, arguing that the austerity measures often prescribed by the \u201ceconomic elite\u201d only work to further the crisis for the general public\u2026","rel":"","context":"In "On Deadline"","block_context":{"text":"On Deadline","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-deadline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649168,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/24\/salman-rolls-back-austerity-measures-qatar-shifts-to-passive-investing-macron-to-face-le-pen-in-french-presidential-runoff\/","url_meta":{"origin":644820,"position":2},"title":"Salman rolls back austerity measures, Qatar shifts to passive investing, Macron to face Le Pen in French presidential runoff","author":"enterpriseam admin","date":"24 April 2017","format":false,"excerpt":"A handful of international stories worth your time this morning: If we did this\u2026 Saudi Arabia\u2019s King Salman rolled back unpopular austerity measures on Saturday at the same time as he appointed two of his children to key positions; one, Abdulaziz bin Salman, will head the ministry of energy affairs,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644767,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/03\/fuel-price-hikes-will-hurt-ordinary-people-the-worst\/","url_meta":{"origin":644820,"position":3},"title":"Fuel price hikes will hurt ordinary people the worst","author":"enterpriseam admin","date":"3 July 2017","format":false,"excerpt":"Inflation resulting from the fuel hikes is expected to have a severe negative impact on \u201cordinary Egyptians,\u201d says Hossam Abougabal in a piece for MEED, despite the government\u2019s social safety measures, which he says are not enough to combat current austerity. \u201cCairo has been quick to implement reforms that affect\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556268,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/continued-austerity-measures-and-mandatory-vaccination-for-govt-employees-on-the-airwaves\/","url_meta":{"origin":644820,"position":4},"title":"Continued austerity measures and mandatory vaccination for gov\u2019t employees on the airwaves","author":"enterpriseam admin","date":"18 October 2021","format":false,"excerpt":"Recent government decisions dominated the airwaves last night, with the talking heads each taking turns phoning government officials for their two cents. 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The story\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642125,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/can-the-president-cure-egypts-economic-ailments-before-voters-decide-they-have-had-enough-of-austerity\/","url_meta":{"origin":644820,"position":5},"title":"Can the president cure Egypt\u2019s economic ailments before voters decide they have had enough of austerity?","author":"enterpriseam admin","date":"7 August 2017","format":false,"excerpt":"Can the president cure Egypt\u2019s economic ailments before voters decide they have hadenough of austerity? By adopting economic measures that \u201cthat none of his predecessors dared execute,\u201d President Abdel Fattah El Sisi is making \u201ca risky bet on the healing power of economic pain,\u201d writes The Wall Street Journal\u2019s Yaroslav\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=644820"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644820\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/644796"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=644820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=644820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=644820"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=644820"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=644820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}