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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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Egypt’s Emerging Ruling Class

Egypt’s military commercial enterprises are no longer a black box, opening new possibilities for understanding the extent of waste and corruption in the Arab world’s most populous country. The dramatic transformation of the military economy under President Abdel Fattah el-Sisi is less a function of an increasingly militarized political economy …

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The Chronic Underperformance of Egypt’s Military Economy

The historical pattern of Egypt’s development model puts the military at the center as economic savior. Egyptian President Abdel Fattah el-Sisi did not invent the military’s fixation on controlling the economy for political ends, but after decades of military involvement in the economy, Egypt continues to slide lower on all …

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Would Biden really put a stop to blank cheques for Egypt’s Sisi?

It was on January 27, 2011 that then US vice president Joe Biden said on PBS NewsHour that he would not refer to Hosni Mubarak as a dictator. This was of course during the eventually successful January 25 revolution that toppled Mubarak – a time when Egyptian protesters were being murdered …

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Two Paths to Dominance: Military Businesses in Turkey and Egypt

Egyptian and Turkish military businesses have used their institutional privileges to dominate their respective economies, but they have key differences. Turkey’s military businesses are centrally managed while Egypt’s use multiple complex conglomerates.

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