Category: Egypt

Overview. Egypt’s economy is staggering. Prices in all sectors continue to surge, putting inflation at its highest rate since 2017. The search is still on to find a sustainable economic system that can support Egypt in the long term. Stabilising the economy is now imperative. If it were to fail, the ensuing political turmoil and…

Overview. As 2022 ended in Egypt it was all about the money. Who has it, who doesn’t and where the next cash windfall will come from. As the New Year dawns, Sisi and his government will have to make some major moves to steady the economy and get it back to some semblance of normal.………

Overview. As the world debates Qatar’s right to host the World Cup Finals, the corruption allegations behind the tournament have taken at least a bit of the spotlight away from Egypt and its hosting of the COP27 summit. As the world talks about the lack of beers in stadiums they ignore the lack of justice…

Overview. As cooler autumn breezes begin to blow, Egypt is slowly getting back to work. The long summer parliamentary break has ended and finally Ministers will be able to start dealing with all the problems felt by their citizens as inflation bites hard and prices of even the most basic items soar.…… Read the rest

Overview. Inflation, flotation, financing and climate change are the only topics of discussion in Egypt at the moment. Some major economic changes have seen exchange rates swing wildly south against the US Dollar and people are feeling the pinch. The government has made some major commitments to lock in prices of fuel and electricity, but…

Overview. Like many countries right now, Egypt’s financial position is not a strong one. It desperately needs a bail out from the IMF to keep afloat. It also needs to save money while earning more. It appears a way to achieve that and generate some good publicity has been found making it even better.…… Read…

Overview. President Sisi was busy in July. He attended a summit in Saudi Arabia and visited his counterparts in both France and Germany. He received the Russian Foreign Minister and made numerous phone calls with other foreign leaders. He continues to walk the fine line of strategic foreign partnerships that sees him both court Russia…

Overview. Sisi was the ‘host with the most’ in June as he met with several international leaders. Observers watched him position himself as the top dog during the lead up to US President Joe Biden’s visit to the Middle East. Away from the region he is walking a political tightrope as he faces the challenges…

Overview. The month of May has mainly been all about the money. Who earns it, who spends it and where it comes from. We are seeing a gradual tightening of monetary policy as the government and central bank seek to contain inflation and sustain economic growth. We are hearing whispers that the government may halt…

Overview. Ramadan approaches. Traditionally this is a time of reflection and celebration, marked with huge family meals celebrating the end of each day’s fast - this year it is shaping up to be a little different. As the world looks to Ukraine, Egyptians look to their dinner tables and the cost of bread they consume.………