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  • Egypt’s army expands economic power

    05/04/2014 5:37:02 PM PDT · by Olog-hai · 5 replies
    Deutsche Welle ^ | 05/04/2014 | Markus Symnak
    While the people of Egypt suffer from growing poverty and unemployment rates, the country’s generals are well off. They have managed to strengthen their economic power in the aftermath of the revolution. […] While privately owned companies struggle under the burden of overall chaos and political insecurity, the army appears to have been unaffected. According to some observers, the army is indeed profiting from the crisis. Over the past months, the government in Cairo has commissioned construction companies operated by the military to carry out several large infrastructure projects. In November, Interim President Adly Mansour had issued a decree allowing...