Source: Carnegie Endowment Author(s): Yasser El-Shimy Original Link: http://carnegieendowment.org/sada/63178 Low oil prices are heaping added pressure on Egypt’s currency crisis. While common wisdom holds that the finances of fuel-importing nations, such as Egypt, stand to benefit from declining energy prices, the net impact for Cairo’s economy is surprisingly negative. At least in the short...
Learn MoreSource: Carnegie Endowment Author(s): Amr Adly Original Link: http://carnegie-mec.org/2016/03/27/civil-service-reform-in-egypt-between-efficiency-and-social-peace-pub-63442 Since its election in January, the Egyptian Parliament approved with no notable modification more than three hundred legislations that were passed between 2013 and 2015. The only exception made was the “civil service law”...
Learn MoreSource: Carnegie Endowment Author(s): Mostafa Hashem Original Link: http://carnegieendowment.org/sada/62942 Two factions within the Muslim Brotherhood are dueling for control, diminishing the group’s ability to address challenges from the regime and driving its supporters to other actors, among them the Islamic State. In February 2014, the youth—who were increasingly calling for revolutionary...
Learn MoreSource: Carnegie Endowment Author(s): Nancy Okail Original Link: http://carnegieeurope.eu/strategiceurope/62891 Strategic Europe continues its Capitals Series exploring how EU foreign policy is viewed by ten countries in Europe’s Southern neighborhood. We have asked our contributors from each capital to give a candid assessment of the EU’s approach toward their country, with a ranking on a...
Learn MoreSource: Carnegie Endowment Author(s): Amy Austin Holmes, Hussein Baoumi Original Link: http://carnegieendowment.org/sada/62627 On the five-year anniversary of the January 25 revolution, empty streets and the absence of people, protests, or even official commemorations have been commentators’ dominant themes. A regime that allowed, instigated, and exaggerated the size of protests to legitimize...
Learn MoreSource: Carnegie Endowment Author(s): Nathan J. Brown, Yasser El-Shimy Original Link: http://carnegieendowment.org/2016/01/25/did-sisi-save-egypt-pub-62587 Five years ago, the leaders of Egypt’s protest movement shocked themselves by successfully bringing down President Hosni Mubarak, who had been in power since before many of them were born. In those days, it was not unusual to hear talk of...
Learn MoreSource: Carnegie Endowment Author(s): Yezid Sayigh Original Link: http://carnegie-mec.org/2016/01/21/chasing-egypt-s-economic-tail-pub-62546 A little-noticed decree issued by Egyptian President Abdel Fattah el-Sisi at the end of November 2015 empowered the agency responsible for managing real estate no longer used by the Egyptian Armed Forces to engage in profit-making enterprises and form...
Learn MoreSource: Carnegie Endowment Author(s): Brendan Meighan Original Link: http://carnegieendowment.org/sada/62534 One of the most pressing crises facing the Egyptian economy has been the severe shortage of natural gas. The crisis itself—which involves supply cuts to factories and frequent electrical outages—has received copious coverage in the domestic and international press and has tested the...
Learn MoreSource: Carnegie Endowment Author(s): Yezid Sayigh Original Link: http://carnegie-mec.org/diwan/62337 On November 29, 2015, Egyptian President Abdel Fattah el-Sisi amended the powers of the Armed Forces Land Projects Agency, which was set up by presidential decree in 1981 to manage the sale of real estate no longer in use by the armed forces. The latest amendment
Learn MoreSource: Carnegie Endowment Author(s): Mustansir Barma Original Link: http://carnegieendowment.org/sada/62307 The October 31 downing of Russian Metrojet Flight 9268 over Sinai claimed all 224 lives on board, dealing another blow to Egyptian officials who have been trying to convince the world that Egypt is safe and open for both business and tourism. Most of the victims
Learn MoreSource: Carnegie Endowment Author(s): Nik Nevin, Michele Dunne Original Link: http://carnegieendowment.org/2015/12/16/egypt-now-looks-lot-like-it-did-in-2010-just-before-2011-unrest-pub-62297 Egypt of December 2015 is looking a lot like Egypt of late 2010 and the final months of Hosni Mubarak‘s three-decade rule. The country’s longtime military president had little political sophistication...
Learn MoreSource: Carnegie Endowment Author(s): Amr Adly Original Link: http://carnegie-mec.org/2015/12/10/analysis-egypt-economy-entered-vicious-circle-pub-62252 The Egyptian economy has suffered from a general slowdown since the revolution of January 2011. Political uncertainty, macroeconomic instability and global economic turmoil since the 2008 crisis have all contributed to Egypt’s prolonged...
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