Sisi needs to shrink the role of the state and military-owned companies, suggests an opinion by the Financial Times’ editorial board. “For almost a decade, Egypt’s Abdel Fattah al-Sisi has promised his people that he [ More … ]
Due to a sharp drop in donations, the administration of Egypt’s Children’s Cancer Hospital estimates the facility can only survive for eight months without intervention. Egypt’s economic problems have become more acute in the past [ More … ]
Egyptians wonder whether their country has officially fallen under international and regional mandate after its most recent deal with the International Monetary Fund, which was announced on 27 October 2022. The International Monetary Fund (IMF) [ More … ]
The Egypt Economic Conference, a three-day, government-organized forum about the future of Egypt’s economy, kicked off in Cairo Sunday with self-congratulatory speeches from Abdel Fattah al-Sisi and other state leaders. After decades of poor economic [ More … ]
Egypt, a country of more than 103 million people, is running low on foreign currency needed to buy essentials like grain and fuel, a recent report states. According to a recent report published by ABC [ More … ]
While Egypt’s Sisi spends on almost futile mega projects, the Egyptians people are suffering the consequences of his wrong economic policies, notably the escalating external debt catastrophe. Sisi spends loans lavishly on useless mega projects, [ More … ]
While Egypt is seeking ‘exceptional’ treatment by the IMF, the ‘governance issues should be addressed In any coming bailout’ scheme to help government overcome the current economic impasse, states HRW in a report. Egypt is currently [ More … ]
Egypt is considering raising $2.5 billion soon as the country’s economic pressures are escalating, states a report by Bloomberg. Besides corruption and dire economic policy, a drop in tourists and high oil prices have hit [ More … ]
Egypt urgently needs a lifesaving plan which radically breaks away from the destructive strategies of the regime and its international backers, says former Egyptian investment minister. Yehia Hamed, Egypt’s former investment minister who served in [ More … ]
Ethiopian Embassy in Cairo will close starting in October, says Ethiopian ambassador to Cairo. Does the decision have anything to do with the Renaissance Dam crisis? The Ethiopian Ambassador to Egypt Markos Tekle Rike told [ More … ]
The Coronavirus pandemic has exposed the shortfalls of a government that has neglected the health sector for too long. said the Foreign Policy in a report BY NAEL M. SHAMA On March 16, Egypt had 126 [ More … ]
Egypt’s decision to scrap a monthly fixed customs exchange rate could lead to higher inflation in the coming months if the Egyptian pound declines significantly against the dollar, analysts said. Egypt last Sunday cancelled the [ More … ]
All Egyptians must be more tolerant and patient until Egypt’s economy improves under the national reform program, General Abdel Fattah Al-Sisi, said yesterday. “The government had no choice but to implement a severe economic reform [ More … ]
The Egyptian economy has all the economic fundamentals necessary to embark on the path of development; and the efficient management of these resources is the real key to economic advancement, as well as the political [ More … ]
Egypt’s Abdel-Fattah Al-Sisi urged citizens on Saturday to further endure economic reforms and austerity measures, including a recent wave of steep price hikes on fuel, electricity and drinking water His televised address comes on the [ More … ]
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