Recent Official Figures Suggest That 32 Percent of Egyptians Live in Poverty. What Are the Likely Impacts of This?

Source: Carnegie Author(s): Michael Young, Osama Diab, Beesan Kassab, Amr Adly, Sherif Mohyeldeen Original Link: https://carnegie-mec.org/diwan/79687 A regular survey of experts on matters relating to Middle Eastern and North African politics and security. Read more at original link

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Osama Diab

Osama Diab is a Nonresident Fellow focusing on development and economic issues who is currently completing his Ph.D. in political science with the Middle East and North Africa Research Group at Ghent University in Belgium. Besides his academic research, Mr. Diab is also a researcher, advocate, and campaigner at the Egyptian Initiative for Personal Rights

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Failed recovery: How Switzerland released the funds of a famous Egyptian crony

Source: Egyptian Initiative For Personal Rights Author(s): Osama Diab, Olivier Longchamp Original Link: https://eipr.org/sites/default/files/reports/pdf/pe_agypten_10-17_def.pdf Executive Summary On February 11, 2011, Egyptian President Hosni Mubarak resigned. A key factor in the Egyptian revolution, which brought him down, was the huge volumes of money amassed by him, his entourage, and...

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Egypt’s Payroll Is Fine, but Its Revenues Are Too Low

Source: The Tahrir Institute For Middle East Policy Author(s): Osama Diab Original Link: https://timep.org/commentary/egypts-payroll-is-fine-but-its-revenues-are-too-low/ Throughout June, the Egyptian cabinet and parliament debated a budget for the 2017–18 fiscal year, which began on July 1. The budget has been referred to in Egypt as the “IMF budget” due to the number of restrictions in an...

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A Monetary Theory of Everything: “Printing” New Money and Egypt’s Economic Ills

Source: The Tahrir Institute For Middle East Policy Author(s): Osama Diab Original Link: https://timep.org/commentary/a-monetary-theory-of-everything-printing-new-money-and-egypts-economic-ills/ Last week, the Central Bank of Egypt (CBE) unexpectedly decided to raise interest rates by two percentage points to mitigate spiraling inflation. While academic economists and observers of financial...

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FDI Isn’t Enough for Egypt

Source: The Tahrir Institute For Middle East Policy Author(s): Osama Diab Original Link: https://timep.org/commentary/fdi-isnt-enough-for-egypt/ Today marks the two-year anniversary of the Egypt Economic Development Conference (EEDC), an event hyped by the Egyptian government and business community in an effort to restore trust in Egypt’s economy and bring in much-needed foreign cash. Since...

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