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Egypt

Egypt

Population: 95.68 mn.
GDP: $332.79 bn.
Debt: $67.2 bn.

news from Egypt

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Found 135 articles.

Displaying 1-10 out of 135 results.

El Sisi's shrinking circle

The President sacked his spy chief a day before announcing his re-election bid. The narrowing of his inner circle betrays jitters

President Abdel Fattah el Sisi's office announced the departure of Khaled Fawzy as head of the General Intelligence Service (GIS) on 18 January, the day before the President formal...


Bombs, votes and petrodollars

Buoyed by Gulf money, the President is certain to be re-elected. But Islamic insurgents pose a growing threat

The presidential election, to be held on 26-28 March, and all but certainly resulting in a second term for Abdel Fattah el Sisi, will be the major event of 2018. El Sisi and his ba...


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...


Displaying 1-10 out of 135 results.