Dissent in Egypt has long been quashed by President Abdel Fattah el-Sisi, who did not hesitate to unleash a bloodbath after his 2013 military coup, conduct mass arrests, and build mega prison complexes.
Egypt’s increasing reliance on debt is raising growing concern both at home and abroad about the impending repayment schedule and Cairo’s struggle to secure external funds.
More than thirty years after the launch in 1991 of the Economic Reform and Structural Transformation Program that was supposed to privatize much of Egypt’s state-owned economy, government interventions through laws and regulations remain so widespread that they virtually determine the level and composition of output in many economic sectors, …
Egyptian Prime Minister Mostafa Madbouli has announced on Saturday that more than 10 army-affiliated companies will be listed soon for investors as part of its ongoing initial public offering (IPO) programme.
In Egypt, state-owned companies bottle water, make dry pasta and cement, and run gas stations and fish farms.
Egyptian President Sisi is showing few signs of dismantling the military’s business interests, despite pressure from the IMF and Persian Gulf backers
The Egyptian government announced that two military-affiliated companies operating in the local market will be listed on Wednesday, while an initial public offering (IPO) advisor had been contracted to facilitate the necessary data for potential investors.
The new US$3 billion loan agreement between Egypt and the International Monetary Fund (IMF) has left the economic rights of millions of Egyptians unprotected, Human Rights Watch (HRW) and Democracy in the Arab World (DAWN) said in a joint report on Tuesday.
Egyptian President Abdel Fattah al-Sisi has issued a decree to allocate desert lands with a depth of two kilometers on both sides of 31 new roads for the benefit of the Armed Forces.
The International Monetary Fund (IMF) released a Staff Report on January 10, 2023, detailing the commitments made by the Egyptian government in return for the award of about $3 billion in new lending, Egypt’s fourth loan since 2016. Although the initial agreement was announced on October 27, 2022, it has …