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Egypt's progress on structural reforms under an $8 billion International Monetary Fund loan agreement has been mixed, the ...
Sayigh brilliantly dissects the Egyptian military’s dominance of Egypt’s economy. The tentacular reach of the Ministry of Defense into the economy is almost seven decades old, but its growth ...
But ultimately, for the military to lose its commanding position in Egypt and for the civilians to be able to dominate, you have to break their hold over the economy. And that's really critical in ...
It owns companies that sell everything from fire extinguishers and medical equipment to laptops, televisions, sewing machines, refrigerators, pots and pans, butane gas bottles, bottled water and ...
Egypt's military tries to hang on to its economic empire. Amidst a proposed privitization plan from the Egyptian government, the generals are reluctant to give up shares in the companies they control.
READ MORE Coronavirus: How is Egypt navigating the economic fallout?. Military-owned companies are among those receiving disproportionate funding from the government as a result of COVID-19, says ...
CAIRO – Egypt's president has rejected criticism that the military is being distracted from its core duties by further involving itself in the economy. President Abdel-Fattah el-Sissi also ...
Until the 2013 takeover, the military’s economic activities functioned to keep the senior officer corps happy and loyal to the president, by allowing them perks. Sisi, however, has made a ...
CAIRO — The Egyptian military stamps itself as protector of the nation, but behind this carefully tended mythology the army controls a multibillion-dollar business empire that trades in products ...
International lenders have pumped tens of billions of dollars into Egypt’s faltering economy amid the war in the Gaza Strip, but experts say the country’s economic crisis is not yet resolved.
The new charter promises more personal freedoms, but a more politically powerful military. ... Egypt overhauls constitution, empowers military. AP.
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