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 …

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.

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 …

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 …

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 …

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.

Egyptian business tycoon and the country’s second richest man, Naguib Sawiris, said that the army’s economic activities have impacted entrepreneurs negatively.

The proposal to list military businesses on the Egyptian Stock Exchange may founder due to issues of transparency, profitability, unfair competition, and legal ambiguity.

Amid the novel coronavirus outbreak in Egypt, the military took the lead in disinfecting state institutions to contain the spread of COVID-19. In addition, the Ministry of Military Production announced on March 24 that the military would begin manufacturing and selling medical masks across the country. Announcement of the army’s decision to sell medical supplies came at a time when retail …

Egypt wants to attract foreign investors for military-owned companies following complaints by private sector companies that they are being “crowded out of lucrative sectors by the military,” the Financial Times reported Feb. 27.