economy Archives - Middle East Observer

Dubci, a new ride-hailing app to launch in Egypt competing UBER & Careem!

July 10, 2019 Ahmed Rashed

Media reports linked the company with the Egyptian armed forces, the company denied

Dubci, a new ride-hailing app to launch in Egypt competing UBER & Careem!

July 10, 2019 Noura Ali

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 … ]

As Egypt starves, Sisi stirs horror in Libya and Sudan

June 15, 2019 MEO Staff

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 … ]

Egyptian Economy: Declining Not Recovering

June 12, 2019 MEO Staff

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 … ]

Egyptians suffer under austerity as Sisi splashes cash on the military

November 26, 2018 MEO Staff

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 … ]

Behind Decline of Egypt Army’s Global Ranking-2018

October 5, 2018 MEO Staff

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 … ]

Egypt’s Sovereign Fund – Justifications and Implications

September 11, 2018 MEO Staff

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 economic empire of the Egyptian army

June 21, 2018 MEO Staff

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 … ]

Turkish Lira Strengthens Against Dollar, Euro Upon News of Central Bank Meeting

May 23, 2018 MEO Staff

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 … ]

Egypt: Between IMF warnings and debt expansion

May 23, 2018 MEO Staff

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 … ]

Sisi clamped down on political opposition – Now on economy

May 22, 2018 MEO Staff

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 … ]