Author:

Ambassador Yasser Elnaggar

Egypt: COVID-19 and the Economic Impact

Egypt: COVID-19 and the Economic Impact

Egypt: COVID-19 and the Economic Impact

Egypt: COVID-19 and the Economic Impact

As COVID-19 spreads across the Middle East and North Africa, governments have taken steps to try to stem the health and economic impact of the virus including requiring social distancing, establishing curfews, introducing policy, monetary and fiscal relief measures. While anticipating tough times ahead, Egypt is better positioned to handle the ramifications of the virus than most other countries in the region

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What does COVID-19 mean for Egypt’s economy?

What does COVID-19 mean for Egypt’s economy?

What does COVID-19 mean for Egypt’s economy?

What does COVID-19 mean for Egypt’s economy?

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. The drop in economic activity is even more evident in a country that has adopted fiscal consolidation measures and increased public spending on major infrastructure projects that are now underway. These policies worked while the economy was strong, but it is time to consider new strategies to promote the private sector as the government faces some tough decisions ahead.

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Egypt and the African Union

Egypt and the African Union

Egypt and the African Union

Egypt and the African Union

By

Ambassador Yasser Elnaggar

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February 10, 2020

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Egypt’s assumption of the presidency of the African Union (AU) last February was an important step for the country after the suspension of its membership in 2013. It was Egypt’s first time to hold this position since the AU transformed from its old structure as the Organization of African Unity (OAU) in July 2002. While this position is largely a ceremonial one that rotates between the continent’s five sub-regions, member states use the opportunity to advance the profile of their country, both regionally and globally.

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China’s growing role in the Middle East

China’s growing role in the Middle East

China’s growing role in the Middle East

China’s growing role in the Middle East

By

Ambassador Yasser Elnaggar

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January 9, 2020

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While the world is engaged in an ongoing discussion about the ramifications of the trade war between Washington and Beijing, the economies of the Middle East are shifting away from their longstanding ties with the U.S. toward economically powerful China — a move that may have long-term implications for the economic and political dynamics of the region.

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A Chinese helping hand

A Chinese helping hand

A Chinese helping hand

A Chinese helping hand

By

Ambassador Yasser Elnaggar

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October 24, 2017

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China is aggressively expanding in key regions and commercial sectors as the country seeks to become a global economic leader. Chinese President Xi Jinping has launched his signature foreign policy programme, the Belt and Road Initiative (B&R), to finance projects and programmes along a modern Silk Road and solidify ties with governments from Asia and Africa to the Middle East and Europe.

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Opportunities abound for investors in Egypt

Opportunities abound for investors in Egypt

Opportunities abound for investors in Egypt

Opportunities abound for investors in Egypt

By

Ambassador Yasser Elnaggar

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August 16, 2017

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With new government policies and regulations in place to support entrupreneurship and investment, there has never been a better time for Chinese investors in Egypt. The country’s economy is on the mend, but requires the unleashing of entrepreneurs’ potential to fully flourish.

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Five tips for successful diplomats

Five tips for successful diplomats

Five tips for successful diplomats

Five tips for successful diplomats

In this EDA Reflection, Ambassador Yasser Elnaggar (former Deputy Minister of Investment, and former Deputy Minister of Planning and Administrative Reform of Egypt), highlights some key lessons from his experience in the diplomatic field, from taking calculated risks to staying true to yourself.

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