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Egyptian army controls secret funds, report finds

Informed Egyptian sources have revealed specific information and exclusive details about vast secret funds controlled by the Egyptian military institution as part of its financial assets, which are not subject to any sort of supervision. These funds are not included in the general budget of the state or even the …

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Egypt’s private sector is squeezed by the army’s hold over the economy

The Egyptian Minister of Finance, Dr Mohamed Maait, has confirmed that the country is set to witness a greater role for the private sector in economic development, as it is the engine of growth. The government has an increasing interest in opening new development opportunities that will enhance private sector …

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IMF Should Demand Transparency for Egypt Military’s Firms: HRW

The International Monetary Fund (IMF) should demand the Egyptian government disclose financial information about military-owned businesses as part of required reporting on state-owned enterprises, before releasing the next tranche of funding under an ongoing loan program, Human Rights Watch, Cairo Institute for Human Rights Studies, and the Freedom Initiative said …

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The Implications of Egypt’s Military Economy

The Carnegie report “Owners of the Republic: An Anatomy of Egypt’s Military Economy” details how the involvement of the Egyptian Armed Forces in the economy has undergone a transformation in scope and scale under President Abdel-Fattah el-Sisi, giving rise to a new version of Egyptian state capitalism.

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