An expanding network of enterprises owned by the armed forces blocks much-needed reforms, says Timothy Kaldas in a recent report published in Bloomberg. “As Egypt marks the third anniversary of its bailout by the International [ More … ]
India’s PM Narendra Modi announced the plans while at an investor summit in Riyadh. Indian Prime Minister Narendra Modi on Tuesday said Saudi Arabia will invest in downstream oil and gas projects in India as part of a strategic partnership between [ More … ]
The Central Bank of the Republic of Turkey (CBRT) on Thursday lowered its benchmark interest rate — the one week repo rate — by 325 basis points to 16.50% from 19.75%. Following the rate cut, [ More … ]
Media reports linked the company with the Egyptian armed forces, the company denied
The company’s social media account show buses, bikes, boats and even helicopters. Media reports linked the company with the Egyptian armed forces, the company denied Official sources told local media that Dubci’s head of human [ More … ]
In a recent Foreign Policy article former Minister of Investment Yehia Hamed forecast that Egypt will soon be bankrupt if it continues in the same vein. External debt has increased fivefold in the last half [ More … ]
The economic situation is undoubtedly a major factor in the stability of any society. However, the regime of General Abdel Fattah Al-Sisi mainly relies on tightening its security grip which is significantly supported by the [ More … ]
As the Egyptian president prepares for the country’s first arms expo, analysts say Egyptian citizens do not benefit from lavish state spending In early December, the world’s arms companies are set to descend on Egypt. [ More … ]
In the context of his keenness to have full control of the military institution, Egypt’s Abdel Fattah al-Sisi keeps harassing army officers and conducting frequent changes in the ranks of military commanders so that none [ More … ]
BY: Abdel-Hafez Al-Sawi* Introduction The Egyptian parliament has recently ratified legislation to establish a sovereign fund called the “Egypt Fund”. The fund comes after government promises since 2016. Dr. Ashraf Al-Arabi, Minister of Planning, was [ More … ]
The phenomenon of the Egyptian Army’s control over the country’s economy has become agreed upon by researchers and those interested in the military concern. Although the military institution maintains strict confidentiality of the information, data, [ More … ]
The Turkish lira swiftly recovered against the dollar and euro late Wednesday, after news of the Central Bank’s (CBRT) emergency meeting. The emergency meeting made crucial decisions to curb the value of the currencies against [ More … ]
BY: Abdel-Hafez Al-Sawi* The speech of David Lipton, the First Deputy Managing Director of the International Monetary Fund (IMF), during a recent conference on “Inclusive Growth and Job Creation” in Cairo on May 5, 2018, [ More … ]
The military has amassed a growing business empire under the former general-turned-president, leading to renewed popular resentment. Three years ago, Abdel Fattah Al Sisi’s government announced that a gleaming new capital city would rise in [ More … ]
Erdoğan receives a warm welcome during South Korea visit, according to Yenisafak the Turkish local newspaper. Erdogan will be in Seoul till May 3 on the invitation of his South Korean counterpart Moon Jae-in. At [ More … ]
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