News & Events
Egypt entrepreneurs see new dawn post-Revolution
(Reuters) - Two months after mass protests ousted Egyptian president Hosni Mubarak last February, Ahmed Essam resigned from his job at a well-established software company to set up a six-person venture developing applications for smart phones.
The economic turmoil which engulfed the country after Mubarak was overthrown played a part in his decision, says Essam, 28. With many firms freezing investments and shedding jobs, his salaried post no longer looked as stable.
"I felt the current situation might not continue after the Revolution. Most of the old companies will not make it in the new era… read more