The Egyptian military and its top brass reigned supreme over Egypt in the months after their historic decision to force longtime Egyptian President Hosni Mubarak to step down on February 11, 2011.
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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 …
Read More »The Danger of Egypt’s Military Economy
A new essay collection highlights the negative consequences of the Egyptian military’s heavy involvement in the economy: stunted economic growth, a new ruling class of military officers, and little incentive to enact much-needed reforms.
Read More »Egypt to offer as much as full ownership in firms held by army
Egypt will offer up to 100 percent stakes in a mineral water company and an oil firm currently owned by the army, says minister.
Read More »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 …
Read More »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.
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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