Source: Middle East Institute Author(s): Mirette F. Mabrouk Original Link: http://www.mei.edu/publications/monday-briefing-russians-launch-air-strikes-after-alleged-gas-attack The discovery of the Zohr offshore gas field in the Mediterranean in 2015, by the Italian energy company Eni, heralded some very good, and much needed, news for Egypt. At an estimated 30 trillion cubic feet, it is the...
Learn MoreSource: Madamasr Author(s): Beesan Kassab Original Link: https://madamasr.com/en/2018/11/22/feature/economy/2-years-after-the-loan-agreement-what-the-imf-failed-to-anticipate/ On November 11, 2016, the International Monetary Fund (IMF) and the Egyptian government finalized a US$12 billion loan agreement tied to an economic reform plan that included a series of austerity measures and the...
Learn MoreSource: Madamasr Author(s): Hadeer El-Mahdawy and Nada Arafat Original Link: https://madamasr.com/en/2018/11/22/feature/economy/looking-for-the-root-causes-of-the-potato-crisis/ Approach a vegetable vendor in Cairo in recent months looking for potatoes, and you’ll likely be in for a surprise. For one kilogram of potatoes, a staple food item for many Egyptians, you might pay as much as LE14...
Learn MoreSource: Madamasr Author(s): Sharif Abdel Kouddous Original Link: https://madamasr.com/en/2018/11/15/feature/politics/us-midterm-elections-bad-news-for-sisi/ The Democratic Party chalked up victories across the United States in the midterm elections on November 6, gaining control of the House of Representatives for the first time in eight years. The Democrats needed to gain 23 seats to seize...
Learn MoreSource: Atlantic Council Author(s): Hafsa Halawa Original Link: http://www.atlanticcouncil.org/blogs/menasource/egypt-s-options-in-the-development-of-the-ethiopian-dam For decades, Egypt focused primarily on its foreign policy in the Middle East and North Africa, and in the process neglected its Horn of Africa policy. Meanwhile, Ethiopia began construction on the Grand Ethiopian Renaissance...
Learn MoreSource: German Development Institute Author(s): Markus Loewe / Lars Westemeier Original Link: https://www.die-gdi.de/en/others-publications/article/social-insurance-reforms-in-egypt-needed-belated-flopped/ Most governments in the Middle East and North Africa spend considerable shares of GDP on their social insurance and transfer schemes but these perform poorly in terms of efficiency, equity...
Learn MoreSource: Madamasr Author(s): Hossam Bahgat Original Link: https://madamasr.com/en/2018/10/23/feature/politics/whos-buying-israeli-gas-a-company-owned-by-the-general-intelligence-service/ When news broke in February that an Egyptian firm named Dolphinus Holdingshad signed a US$15 billion deal to purchase Israeli natural gas for supply to Egypt, the Egyptian government refused to comment...
Learn MoreSource: Economic Research Forum Author(s): Rim Mouelhi and Monia Ghazali Original Link: https://theforum.erf.org.eg/2018/10/22/structural-transformation-egypt-morocco-tunisia/ Despite considerable economic progress before 1990, Egypt, Morocco and Tunisia all experienced ‘premature deindustrialisation’ and unfinished structural transformation. This column looks back at structural change in...
Learn MoreSource: Egyptian Initiative for Personal Rights Author(s): Original Link: https://eipr.org/en/publications/%E2%80%9Ceye-debt-iii%E2%80%9D-third-series-shadow-reports-imf-experts%E2%80%99-visit This is the third report in the series “Eye on Debt.” It assesses the measures specified by the Inter- national Monetary Fund during the third review covering the period from November 2017 to May 2018...
Learn MoreSource: World Economic Forum Author(s): Original Link: http://reports.weforum.org/global-competitiveness-report-2018/country-economy-profiles/#economy=EGY Read more at Original Link.
Learn MoreSource: Madamasr Author(s): Original Link: https://madamasr.com/en/2018/10/09/news/economy/world-economic-outlook-projects-egypt-inflation-rates-to-rise-slightly-higher-than-expected/ Projections for the rate of inflation in Egypt in the current and coming year increased slightly in the World Economic Outlook (WEO) report, which was released on Tuesday by the International Monetary Fund and...
Learn MoreSource: Carnegie Endowment Author(s): Wael Gamal Original Link: https://carnegie-mec.org/diwan/77391 In fiscal year 2017–2018, ending in June, Egypt’s GDP grew by 5.3 percent. This was the highest growth rate since 2007–2008, when the economy grew by 7.2 percent, just before it was hit by the global economic crisis and political instability starting in early 2011. However, despite such
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