The effort to secure international funding in the wake of the 2011 uprising has become one of the more salient economic issues for Egypt over the past year. The nation first turned to the IMF in May 2011, with Samir Radwan, then-finance minister, citing the social justice demands of the people in the wake of the revolution as the primary...
The last 18 months have carried Egypt through a radical political transformation. President Hosni Mubarak, who had ruled Egypt for three decades, stepped down amid nationwide protests. Mubarak’s former ruling party, the National Democratic Party, has been dissolved, and for the first time in history, Egyptians participated in fair and free...
One of the most frequent observations made of the Arab Spring throughout the Middle East, particularly in Egypt, has been the performance of religious movements. For many in the West, the triumphs of Al Nahda in Tunisia or that of the Egyptian Muslim Brotherhood and its Freedom and Justice Party (FJP) are symbolic of a broader narrative sweeping...
The local labour market has long been viewed with a degree of equivocation by observers, who frequently describe it as both an asset and a potential liability. With 45% of the population between the ages of 15 and 39 and around 200,000 graduates entering the workforce each year, the advantages for domestic and international firms dependent on an...
The possibility of a major devaluation of the Egyptian pound has been a feature of any economic debate regarding Egypt’s currency position for some time. While the president has shown a determination to defend the currency, the toll this has taken on foreign reserves has made devaluation an inevitability in the eyes of many, even amidst renewed...
From the affairs of the ancient Mediterranean world through Ottoman times to today’s modern Middle East, Egypt has long been a dominant player in the politics and economics of the region. Egypt’s role in the Arab Spring, which began in 2011 and led to the ouster of octogenarian President Hosni Mubarak, proves that the country today is just as...
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