Source: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/egypts-fy2019-20-budget-govt-s-alleged-achievements/ On Tuesday 25 June 2019, immediately after the Egyptian parliament ratified the state’s Fiscal Year 2019-20 budget, Egypt’s Minister of Finance Dr. Mohamed Maait said in an interview with Bloomberg TV that Egypt is in talks with the IMF...
Learn MoreSource: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/egyptian-economy-declining-not-recovering/ The economic situation is undoubtedly a major factor for the stability of any society. However, the regime of General Abdel Fattah Al-Sisi mainly relies on tightening its security grip which is significantly supported by the army. Also, we cannot...
Learn MoreSource: Egyptian Institute for Studies Author: Abdelhafez Alsawy Original link: https://en.eipss-eg.org/whats-behind-egypts-sovereign-fund/ The Egyptian parliament has recently ratified legislation to establish a sovereign fund called the “Egypt Fund”. The fund comes after government promises since 2016. Dr. Ashraf Al-Arabi, Minister of Planning, was the first to announce Egypt’s intention to...
Learn MoreSource: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/egyptian-military-and-destruction-of-economy-full-text/ With this famous statement, “Tomorrow, you’ll see Egypt”, General-turned-president Abdel-Fattah Al-Sisi launched his promises of stability and achievement of economic welfare to the Egyptian people in 2013. The Egyptians thought...
Learn MoreSource: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/reduction-of-subsidy-and-egypts-financial-situation/ Subsidy in Egypt, a thorny issue, is usually addressed in light of government decisions to reduce it, which accordingly leads to raising the prices of goods and services. But subsidy is not new in many economies, even those of developed...
Learn MoreSource: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/egyptian-military-destruction-of-economy-6/ XXVI- Funding For Youth Projects Implicates the Egyptian Banks The Egyptian economic management has been witnessing false performance and undergoing weaknesses and lack of coordination between its components since the military coup in Egypt...
Learn MoreSource: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/egyptian-military-destruction-of-economy-5/ XXI- Petroleum Imbalance and Economy of the Rentier State in Egypt Although Egypt has been included among the Petroleum Exporting Companies, since the second half of the seventies of the twentieth century, yet it did not enjoy membership of the...
Learn MoreSource: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/egyptian-military-destruction-of-economy-4/ XVI- Foreign Funding and Egypt’s Losing Bets for Achieving Development There are many evidences on the decline in the Egyptian development situation during the past four years. According to a statement of Egyptian Planning Minister Ashraf...
Learn MoreSource: Egyptian Institute for Studies Author: Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/egyptian-military-destruction-of-economy-3/ XI- The Suffering of Agriculture in Egypt The agricultural GDP in Egypt amounted to about LE 276.7 billion in the financial year 2013/2014, by 14.3% of the total GDP of the same fiscal year, which amounted to about LE 1930.6 billion. The...
Learn MoreSource: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Link: https://en.eipss-eg.org/egyptian-military-destruction-of-economy-2/ VI- Aggravation of the Energy Crisis in Egypt Reuters News Agency published on Wednesday, December 23rd, 2015, reports stating that the energy crisis in Egypt is continuing indefinitely, which means a dramatic decline in economic activity and increasing...
Learn MoreSource: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/egyptian-military-destruction-of-economy-1/ I- Decline in Egyptian Exports The Egyptian Economy has suffered a consistent decline in all sectors during the last five years, especially after the military coup in July, 2013, in spite of the enormous support provided to the Egyptian regime...
Learn MoreSource: Egyptian Institute for Studies Author(s): Abdelhafez Alsawy Original Link: https://en.eipss-eg.org/situation-of-egypts-workers-on-labor-day-occasion/ Situation of Egypt’s Workers on Labor Day Occasion In light of the political tyranny that Egypt has experienced since the military coup of July 3, 2013, it is difficult to talk about a role for the labor movement, either in defending...
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