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Egypt

Egypt

Population: 83.39 mn.
GDP: $284.9 bn.
Debt: $44.4 bn.

news from Egypt

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Found 133 articles.

Displaying 1-10 out of 133 results.

El Sisi marshals his allies

The President is calming the nerves of supporters in parliament who fear a new election is too risky

The approach of Egypt's presidential elections, which are scheduled for April 2018, revealed a split among supporters of President Abdel Fattah el Sisi in the House of Representati...


Hot-money boost for economy

The Egyptian pound rallied strongly last month, but relying on short-term capital inflows also carries risks

When the Central Bank of Egypt (CBE) decided to float the currency at the start of November in order to unlock US$12 billion of finance from the International Monetary Fund, it wou...


Elusive legitimacy

Currency devaluation will shape economic prospects this year but the President faces conflicts within and outside his country's borders 

Coping with the effects of the 50% devaluation of the Egyptian pound at the end of 2016 will be the main preoccupation of the government and the public in the coming year. The most...


Taking a pounding

The government's attempt to use the IMF to raise funds for a bail-out is unravelling

As the International Monetary Fund delays approval of a jumbo loan and Cairo quarrels with Saudi Arabia, a key source of cheap cash, the government's economic strategy is in tatter...


Red Sea wrangles

Anxious to repair the damage to relations with Riyadh, the government has launched an appeal against a surprise court ruling that two Red Sea islands may not be transferred to Saud...


Angry Sisi lashes judiciary

A ruling against the ceding of two Red Sea islands to Saudi Arabia has prompted the President to sack senior judges

The latest episode in the Red Sea islands saga has seen a judge make a ruling in open defiance of President Abdel Fatah el Sisi. When El Sisi announced he was ceding sovereignty ov...


Dam Provocations

Egypt has reacted with annoyance to further undiplomatic remarks from Ethiopia about the Grand Ethiopian Renaissance Dam (GERD) being a fait accompli that everyone else will have t...


Desperately seeking dollars

The promise of $22 billion from Saudi Arabia will do little to alleviate the chronic shortage of foreign exchange

King Salman bin Abdul Aziz al Saud's 7-12 April official visit to Egypt celebrated economic closeness and demonstrated how open the kingdom's wallet was for aid, trade and investme...


Old problems for Sisi’s new faces

There are ten new ministers in the cabinet but they face the same persistent difficulties as their predecessors

The government feels it needs to show a new face when it presents its programme – as required by the new constitution – to parliament on 27 March. President Abdel Fattah el Sisi re...


Rows in the echo chamber

The newly elected House of Representatives is meant to rubber stamp the actions of the presidency but is by no means united 

On 12 January 2015, in the run-up to Egypt's parliamentary elections, President Abdel Fatah el Sisi invited the heads of 15 of the newly formed political parties to the Presidentia...


Displaying 1-10 out of 133 results.