Gas heats up the Eastern Mediterranean

Source: Middle East Institute Author(s): Geoffrey Aronson Original Link: https://www.mei.edu/publications/gas-heats-eastern-mediterranean Competition for security and energy is at the center of recent developments in the Eastern Mediterranean. Countries from Egypt to Turkey are moving to secure, exploit, and market their (not always fair) share of the game-changing offshore natural gas...

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TIMEP Brief: Bankruptcy Law

Source: The Tahrir Institute for Middle East Policy Author(s): TIMEP Original Link: https://timep.org/reports-briefings/egypts-bankruptcy-law/ The Bankruptcy Law eliminates prison sentences for individuals who declare bankruptcy, except in cases of fraudulent behavior, though it increases the penalties for those individuals convicted of bankruptcy fraud. The law also creates mechanisms that...

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The government wants to reduce its debt. Will its new strategy work?

Source: Madamasr Author(s): Osman El Sharnoubi Original Link: https://madamasr.com/en/2019/06/17/feature/economy/the-government-wants-to-reduce-its-debt-will-its-new-strategy-work/ On May 5th, the Ministry of Finance released the government’s long-awaited debt management strategy. The government plan, which had originally been scheduled for release in March, comes at a crucial period in...

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Egyptian Economy: Declining Not Recovering

Source: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/egyptian-economy-declining-not-recovering/ The economic situation is undoubtedly a major factor for the stability of any society. However, the regime of General Abdel Fattah Al-Sisi mainly relies on tightening its security grip which is significantly supported by the army. Also, we cannot...

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TIMEP Brief: Industrial Licensing Law

Source: The Tahrir Institute for Middle East Policy Author(s): TIMEP Original Link: https://timep.org/reports-briefings/timep-brief-industrial-licensing-law/ Summary: The Industrial Licensing Law mandates that the Industrial Development Authority (IDA) respond to a request by a business for licensing within 30 days of the request being filed or the request will be considered granted. Licenses...

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The new administrative capital: Outside the state budget or outside public accountability?

Source: Madamasr Author(s): Beesan Kassab Original Link: https://madamasr.com/en/2019/05/25/feature/economy/the-new-administrative-capital-outside-the-state-budget-or-outside-public-accountability/ The government project to build a new administrative capital in the desert east of Cairo is well underway, with plans to construct ministries, residential neighborhoods, artificial lakes, conference...

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Is the government building a parallel bureaucracy?

Source: Madamasr Author(s): Mohamed Hamama and Osama El Sharnoubi Original Link: https://madamasr.com/en/2019/05/16/feature/economy/is-the-government-building-a-parallel-bureaucracy/ In March, the Egyptian government issued an official framework for a planned sovereign wealth fund that is fully owned by the state and will operate as an independent body — legally, administratively and...

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The IMF and the Egyptian Debt Risks

Source: Egyptian Institute for Studies Author(s): Mohamed Ahmed Abbas Original Link: https://en.eipss-eg.org/the-imf-and-the-egyptian-debt-risks/ On 6 April 2019, the International Monetary Fund (IMF) issued its fourth review of the Egyptian economy under the extended arrangement regarding Egypt’s $12 billion loan agreement with the Fund. The IMF stated some expectations for the performance of...

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The UAE’s War on the Muslim Brotherhood

Source: Egyptian Institute for Studies Author(s): Muhammad Abdalsattar Original Link: https://en.eipss-eg.org/the-uaes-war-on-the-muslim-brotherhood/ In November 2014, the United Arab Emirates (UAE) declared the Muslim Brotherhood (MB) – including its local affiliate- as a terrorist group (El-Gamal, 2014). The relationship between the UAE and MB (or its Emirati branch: al-Islah) dates...

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Why Sisi’s Amendments Avoided Health Policy

Source: Egyptian Institute for Studies Author(s): Mostafa Gawish Original Link: https://en.eipss-eg.org/why-sisis-amendments-avoided-health-policy/ Egypt and Iraq ranked amongst the 20 worst performing countries in the field of health according to the new World Classification of 2019. The Indigo Wellness Index – which collects data for this classification – is one of the most comprehensive...

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TIMEP Brief: VAT Law

Source: The Tahrir Institute for Middle East Policy Author(s): TIMEP Original Link: https://timep.org/reports-briefings/timep-brief-vat-law/ The VAT Law replaced the existing 10 percent sales tax with a new VAT. The rate was initially set at 13 percent, and increased to 14 percent in July 2017, the start of the fiscal year following the law’s ratification. Although the VAT Law

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Recession of New Stock Exchange Mechanisms in Egypt

Source: Egyptian Institute for Studies Author(s): Ahmed Zikrallah Original Link: https://en.eipss-eg.org/recession-of-new-stock-exchange-mechanisms-in-egypt/ After a long period of calls by experts for the issuance of two stock exchange mechanisms: ‘market maker’ and ‘short selling’, and due to a significant decline in performance of the market compared to the previous year, the government...

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