Latest in Highlight

Advertising Area




Latest in


Slovenia seeks economic relations with Egypt, condemns church attack: ambassador 

Relations between Egypt and Slovenia have been on a steady path in the last year. On 5 December, President Abdel Fattah Al-Sisi received his Slovenian counterpart Borut Pahor. The visit was considered the first of the Slovenian president to Egypt. The Egypt-Slovenia Business Forum was held on 6 December, where three Egyptian companies signed cooperation …

Maya Nawar

The illusion of subsidising—Part II

I have many friends who once belonged to the middle class. They did not need state subsidies because they were able to live and afford education, healthcare, transportation, etc. for their children. However, the government’s decisions came against the wish of the people. Those friends turned from belonging to a “saving” class into classes that …

Emad El-Sayed

How should the government pace its reforms after the IMF loan approval?

On 11 November, the executive board of the International Monetary Fund (IMF) approved a $12bn three-year extended fund facility for Egypt, in support of the government’s economic reform programme. Ever since negotiations with the IMF started, the government has implemented a number of economic reforms, including passing the civil service and value-added tax laws, floating …

Hisham Salah

Social safety nets can be a lifeline for victims of pound flotation

I decided to swim against the tide that accompanied the flotation of the Egyptian pound, the rumbling flood of comments on social media networks and opinion articles that filled newspapers and websites. Everyone is talking about the flotation and cuts to fuel subsidies, some people understand what they are talking about while others are driven …

Hany Aboul Fotouh

Will Egypt follow the example of Brazil or Argentina in dealing with the IMF?

Following the implementation of all of the International Monetary Fund’s (IMF) preconditions for the three-year, $12bn loan Egypt is bent on receiving, the government submitted a letter of intent to the IMF executive board two days ago. A letter of intent outlines one or more agreements between the two parties before the conclusive agreement is …

Shaimaa Al-Aees

Egypt’s unpaved road to austerity

“Just as we should never balance the budget on the backs of the poor, it’s an economic delusion to think you can balance it only on the wallets of the rich.” This seemed to be the beautified confession that the then UK chancellor of the exchequer and austerity guru George Osborne made to the Conservative …

Hussein Keshk

A survey of western opinion on Egypt’s plans for reform

Egypt’s current economic troubles and reform efforts have been the main topic of discussion in a slew of articles recently, many of which pin the blame on the country’s ruling regime, such as Bloomberg’s “Egypt’s Failing Economy is Sisi’s Fault”. The government, however, is not only battling against the challenges of the present, but also …

Nicholas Mehling