Source: Madamasr Author(s): Beesan Kassab Original Link: https://madamasr.com/en/2019/07/09/feature/economy/mp-new-fuel-pricing-mechanism-rushed-through-to-appease-imf-on-subsidy-cuts/ The government raised fuel prices on Friday, the latest in a round of subsidy cuts tied to an economic program backed by the International Monetary Fund. This is the fifth hike in fuel prices since the process...
Learn MoreSource: Middle East Institute Author(s): Mirette F. Mabrouk Original Link: https://www.mei.edu/publications/monday-briefing-strengthening-egypts-ties-africa Egypt’s days of woefully neglecting its relations with Africa are over. After more than three decades of perfunctory engagement with its African neighbors — which cost it dearly in terms of economic and cultural advantages and regional...
Learn MoreSource: Atlantic Council Author(s): Alessia Melcangi and Giuseppe Dentice Original Link: https://www.atlanticcouncil.org/blogs/menasource/challenges-for-egypt-s-fragile-stability The death of Mohamed Morsi on June 17, the only president ever instated through democratic elections, arrived as a reckoning in post-revolutionary Egypt. It can be easy to read this dramatic event as the ideal...
Learn MoreSource: The Tahrir Institute for Middle East Policy Author(s): Timothy E. Kaldas Original Link: https://timep.org/commentary/analysis/short-term-stability-in-exchange-for-long-term-fragility/ It’s no secret that European Union leaders have increasingly focused their attention on the Middle East on one priority: stemming if not stopping migration from the region. Following the surge in asylum...
Learn MoreSource: Arab Center for Research and Policy Studies Author(s): The Unit for Policy Studies Original Link: https://www.dohainstitute.org/en/PoliticalStudies/Pages/The-Manama-Workshop-Trumps-Middle-East-Peace-Plan-Fails-before-Launching.aspx The United States held a workshop in Manama, Bahrain called “Peace to Prosperity, The Economic Plan: A New Vision for The Palestinian People” on 25-26 June...
Learn MoreSource: 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...
Learn MoreSource: 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...
Learn MoreSource: 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...
Learn MoreSource: 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...
Learn MoreSource: 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...
Learn MoreSource: 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...
Learn MoreSource: 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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