Egypt’s potential perfect storm: Pandemic, recession, returnees, and remittance losses

Source: Middle East Institute Author(s): Mirette F. Mabrouk Original Link: https://www.mei.edu/blog/egypts-potential-perfect-storm-pandemic-recession-returnees-and-remittance-losses Last December looked particularly rosy for Egypt’s minister of manpower, Mohamed Saafan. Egypt’s unemployment rate, which had been steadily falling since 2016, was at 7.8 percent, the lowest level in 30 years...

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New austerity measures could hit Egypt’s most vulnerable hard

Source: Middle East Institute Author(s): Mirette F. Mabrouk Original Link:  https://www.mei.edu/blog/new-austerity-measures-could-hit-egypts-most-vulnerable-hard Amid socially and economically frustrating conditions due to the pandemic, Egyptians may soon have another trial to weather: more austerity measures. For a people who are already struggling with the effects of the last round of...

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Egypt’s Suez Canal: A ray of light amid the economic gloom

Source: Middle East Institute Author(s): Mirette F. Mabrouk Original Link: https://www.mei.edu/blog/egypts-suez-canal-ray-light-amid-economic-gloom-0 As the full impact of the COVID-19 pandemic began to seep in, it was clear that Egypt’s economy, like that of much of the world, would take one serious hit after another Read more at original link

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Egypt’s Parliament meets to discuss emergency legislation and economic relief

Source: Middle East Institute Author(s): Mirette F. Mabrouk Original Link:  https://www.mei.edu/blog/egypts-parliament-meets-discuss-emergency-legislation-and-economic-relief Egypt’s parliamentarians are going to be trying something new; they’re going to have to sit at least six feet apart, something that doesn’t come naturally to them. The government isn’t taking any chances — MPs’ access to...

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As the coronavirus crisis in Egypt worsens, pressure is building

Source: Middle East Institute Author(s): Mirette F. Mabrouk Original Link: https://www.mei.edu/blog/coronavirus-crisis-egypt-worsens-pressure-building COVID-19 may be the ultimate unwelcome visitor. Its arrival was bad news but its stay is even worse and the longer that stay the more pressure it places on its hosts. Read more at original link

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Yasser Elnaggar

Ambassador Elnaggar is a MEI non-resident scholar and CEO of EN Investment. Previously, he served as CEO of the Chemical Industries Holding Company (HIHC) and prior to that as Egypt’s Principal Deputy Minister of Planning, Monitoring, and Administrative Reform and Principal Deputy Minister of Investment.  Ambassador Yasser Elnaggar has more than 25 years of experience as a...

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Whither the MFO? The US presence in Sinai has seen its best days

Source: Middle East Institute Author(s): Geoffrey Aronson Original Link: https://www.mei.edu/publications/whither-mfo-us-presence-sinai-has-seen-its-best-days The Sinai-based Multinational Force & Observers (MFO) will soon celebrate its 41st anniversary. Like most of what the MFO does, recognition will be low key and understated. The MFO has always operated under the radar, but this may...

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What does COVID-19 mean for Egypt’s economy?

Source: Middle East Institute Author(s): Yasser Elnaggar Original Link: https://www.mei.edu/publications/what-does-covid-19-mean-egypts-economy COVID-19 has disrupted both supply and demand around the world. Egypt is not immune to the recessionary trends caused by the sudden halt in supply chains and the sharp decline in demand, domestically and globally, resulting from the rapid spread of the...

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MENA coronavirus update: The region faces an unprecedented crisis

Source: Middle East Institute Author(s): Mirette F. Mabrouk Original Link: https://www.mei.edu/blog/mena-coronavirus-update-region-faces-unprecedented-crisis#egypt Egyptian governments have always been sensitive to what might be called the “religion factor.” This has generally meant a certain deference to any matter seen as touching on the religious beliefs or practices of a generally devout...

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How can Egypt capitalize on its start-up boom?

Source: Middle East Institute Author(s): Benedikt Barthelmess, Jean Langlois Original Link: https://www.mei.edu/publications/how-can-egypt-capitalize-its-start-boom There has been a largely overlooked yet significant trend in entrepreneurship in Egypt, the Arab world’s most populous country. Much of this has been concentrated in the country’s two main economic centers, Cairo and Alexandria...

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Green financing in Egypt

Source: Middle East Institute Author(s): Deborah Lehr Original Link:  https://www.mei.edu/publications/green-financing-egypt The green movement has been slow to catch on in Egypt, but the January announcement by the Egyptian government that it is finalizing plans to launch the country’s first green bonds could provide the financial incentives to further promote sustainable...

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Sarah El Battouty

Sarah El Battouty is a non-resident scholar at MEI. She is an award-winning architect with 18 years’ experience in the field of green and environmental building. Sarah is the founder of one of Egypt’s leading environmental design and auditing companies, ECOnsult, which has carried out the most certified energy-saving projects in Egypt. Her design work spans from

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