Research & Commentary Results

Mirette Mabrouk and Dr. Sherif Kamel join host Alistair Taylor to discuss Egypt’s economy and the role of entrepreneurship. Like countries across the Middle East and North Africa, Egypt has been hit hard by the coronavirus pandemic and the economic fallout is likely to be severe.

A possible influx of returnees from the Gulf swelling the ranks of the unemployed is bad enough, but it also comes with a serious complication — the possible loss of remittances.

Despite an unprecedented global slump, this is hardly an ideal time to cut into social spending.

It’s difficult to overstate the importance of the Canal to the international shipping trade, but it’s importance to Egypt economy is even greater still.

Last week Libya witnessed one of the oldest tricks in the book: unilaterally declare a cease-fire at exactly the moment when your opponents are poised to gain territory.

Climbing unemployment is a major specter for Egypt.

The April 20 Netanyahu-Gantz agreement legitimized the possibility of an Israeli law that will act as a unilateral annexation of parts of the West Bank to start as early as July 1, based on the controversial Trump Middle East plan. Articles 28 and 29 of the deal condition such annexation on the “consent of the Trump administration” and note that such a move would only be possible if the annexation preserves “the security and strategic interests of the state of Israel including the need to keep regional stability, keep existing peace agreements, and pursue future peace agreements.”

The amendments have been designed to provide relief on both the individual and corporate levels.

This is not the time to hang out the “Mission Accomplished” banner for the MFO. At a nominal cost to the U.S. in money and manpower, for nearly 40 years, the mission has been a phenomenal success. At a time when the U.S. commitment to the region is being viewed with increasing skepticism, the MFO is a prime example of U.S. capacity to organize and lead a multinational effort to support regional security and stability.

Egypt’s three top sources of foreign revenue — tourism, remittances, and the Suez Canal — are likely to be hard hit by the crisis.

Last Sunday, the pandemic claimed the life of the most internationally prominent face of the Arab Spring in Libya. The tragic death of former Libyan Prime Minister Mahmoud Jibril in a Cairo hospital, at just 68 years of age, is in fact a fitting metaphor for the many stillborn aspects of Libya’s attempted political rebirth.

The Sinai-based Multinational Force & Observers (MFO) will soon celebrate its 41st anniversary. Like most of what the MFO does, recognition will be low key and understated. The MFO has always operated under the radar, but this may soon be changing. 

Governments and citizens throughout North Africa are gearing up for a huge increase in coronavirus infections expected in late March, April, and May. Just next door, Italy and Spain are two of the five worst afflicted countries on the planet.

COVID-19 has disrupted both supply and demand around the world. Egypt is not immune to the recessionary trends caused by the sudden halt in supply chains and the sharp decline in demand, domestically and globally, resulting from the rapid spread of the virus.

No part of the world will emerge unscathed from the fallout of the coronavirus pandemic of 2020. Just because China and Italy were the first to be severely hit, does not imply, that when all is said and done, that they will have sustained the brunt of the damage. North Africa is a region dependent on global commodities prices, tourism, and political and monetary support from Europe and the Gulf, where regime brittleness, youth unemployment, and Islamic radicalism all intersect.