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MENA

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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MEI: Egypt’s Economy, Citizens, and the Pandemic

MEI: Egypt’s Economy, Citizens, and the Pandemic

MEI: Egypt’s Economy, Citizens, and the Pandemic

MEI: Egypt’s Economy, Citizens, and the Pandemic

By

Middle East Institute

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April 16, 2020

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On April 14th, Basilinna'sr Senior Advisor, Ambassador Yasser Elnaggar, joined a panel hosted by the Washington DC based Middle East Institute, where he serves as a non-resident fellow, that focused on Egypt’s Economy, Citizens, and the Pandemic. There was an excellent exchange, moderated by Mirette F. Mabrouk, Director, Egypt Program, MEI and other panelists Angus Blair, Professor, School of Business, The American University in Cairo and Laila Iskandar, Former Minister for Urban Renewal and Informal Settlements, Egypt.

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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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Green financing in Egypt

Green financing in Egypt

Green financing in Egypt

Green financing in Egypt

By

Deborah Lehr

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February 11, 2020

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The green movement has been slow to catch on in Egypt, but the January announcement by the Egyptian government that it is finalizing plans to launch the country’s first green bonds could provide the financial incentives to further promote sustainable development.

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China’s State Councilor Kicks Off Africa Tour with Egypt

China’s State Councilor Kicks Off Africa Tour with Egypt

China’s State Councilor Kicks Off Africa Tour with Egypt

China’s State Councilor Kicks Off Africa Tour with Egypt

By

Basilinna

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January 14, 2020

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This past week, China’s State Councilor and Foreign Minister, Wang Yi, started his annual trip to Africa with his first stop in Egypt. The tradition of making the first foreign trip of the year to Egypt demonstrates the importance China has made relations with the country. Egypt is an essential part of its strategic plan for the Middle East and North Africa as well as a hub for the Belt and Road Initiative (BRI).

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Faithful Five: Expanding Into the MENA Market

Faithful Five: Expanding Into the MENA Market

Faithful Five: Expanding Into the MENA Market

Faithful Five: Expanding Into the MENA Market

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Yousra Abdelhameed

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May 22, 2019

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Our Faithful Five series lays out the pillars of success for foreign firms in the varied and complex MENA market.

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ACAMS Today: Think Big, Why not? You Never Know What You Might Achieve

ACAMS Today: Think Big, Why not? You Never Know What You Might Achieve

ACAMS Today: Think Big, Why not? You Never Know What You Might Achieve

ACAMS Today: Think Big, Why not? You Never Know What You Might Achieve

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ACAMS Today

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March 22, 2019

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ACAMS Today sat down with Deborah M. Lehr, to speak about her background, professional experience and her passion to protect human heritage. Lehr is chairman and founder of the Antiquities Coalition. Lehr is an accomplished global business strategist who has supported leading global firms and organizations to grow their presence in the world’s most complex markets.

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Egyptian drivers hold the key to cleaner air

Egyptian drivers hold the key to cleaner air

Egyptian drivers hold the key to cleaner air

Egyptian drivers hold the key to cleaner air

As the slow wheels of government inch toward policies that lead to cleaner air, Egyptian drivers could hold the key to a faster result, with the answer provided by an unlikely partner – Chinese auto companies. The steadily growing demand for ground transportation has Egypt facing fast growing levels of greenhouse gas emissions, with 50 percent stemming just from vehicles.

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China-Arab political and economic ties strengthen, thanks to B&R

China-Arab political and economic ties strengthen, thanks to B&R

China-Arab political and economic ties strengthen, thanks to B&R

China-Arab political and economic ties strengthen, thanks to B&R

By

Basilinna

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September 8, 2017

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The China-Arab States Expo is a four-day event that has assembled executives from the countries along the Belt and Road. This year, more than 1,000 companies are being represented by executives at the conference, and nearly 5,000 exhibitors from 31 different industries, ranging from tech to transportation, are present as well.

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Opportunities abound along the modern silk road

Opportunities abound along the modern silk road

Opportunities abound along the modern silk road

Opportunities abound along the modern silk road

By

Deborah Lehr

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August 28, 2017

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While China has announced it will restrict investments overseas to control capital outflows, it is encouraging investment projects that are linked to President Xi Jinping's One Belt One Road (OBOR) initiative. Chinese investments in the OBOR countries totaled $33 billion in the first seven months of 2017, already $2 billion higher than all of 2016.

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Egypt's new investment law

Egypt's new investment law

Egypt's new investment law

Egypt's new investment law

By

Morgan Routman

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August 16, 2017

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Egypt’s New Investment Lawbreaks down years of bureaucracy to open the market to foreign investors. The law will streamline the investment process, and aims to promote investments in under-developed areas and industries by offering some serious incentivesfor potential investors.

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The Middle East is the hub for China’s modern silk road

The Middle East is the hub for China’s modern silk road

The Middle East is the hub for China’s modern silk road

The Middle East is the hub for China’s modern silk road

By

Deborah Lehr

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August 15, 2017

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For nearly 600 years, under the imperial tributary system of the Ming and Qing dynasties, foreign “barbarians” travelled to Beijing to kowtow to the emperor in order to trade with China.

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"Arab Fall: How the Muslim Brotherhood Won and Lost Egypt in 891 Days" by Eric Trager

"Arab Fall: How the Muslim Brotherhood Won and Lost Egypt in 891 Days" by Eric Trager

"Arab Fall: How the Muslim Brotherhood Won and Lost Egypt in 891 Days" by Eric Trager

"Arab Fall: How the Muslim Brotherhood Won and Lost Egypt in 891 Days" by Eric Trager

By

Deborah Lehr

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August 9, 2017

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In his detailed and well-researched book, Arab Fall: How the Muslim Brotherhood Won and Lost Egypt in 891 Days, Eric Trager tells the engaging true story of the Muslim Brotherhood’s rise and fall in the aftermath of the Egyptian January 2011 Revolution.

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From the middle kingdom to the Middle East: Six reasons why Chinese travelers are exploring MENA

From the middle kingdom to the Middle East: Six reasons why Chinese travelers are exploring MENA

From the middle kingdom to the Middle East: Six reasons why Chinese travelers are exploring MENA

From the middle kingdom to the Middle East: Six reasons why Chinese travelers are exploring MENA

By

Basilinna

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May 15, 2017

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International travel to the Middle East took a major hit after the Arab Spring, falling by as much as one-third in Egypt, but Chinese tourists have proved to be the exception to the trend. Inbound travel to the region from China is sharply up, despite security risks and political uncertainty: more than half a million Chinese tourists visited Dubai last year, and the number of Chinese travelers to Egypt tripled to 200,000 over the past three years.

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Egypt's new ministers, governors sworn in before President Sisi

Egypt's new ministers, governors sworn in before President Sisi

Egypt's new ministers, governors sworn in before President Sisi

Egypt's new ministers, governors sworn in before President Sisi

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Basilinna

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February 16, 2017

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Nine newly-appointed Egyptian ministers and five governors, including Egypt’s first female governor, were sworn in on Thursday before President Abdel-Fattah El-Sisi in Cairo as part of a cabinet reshuffle. The reshuffle, which mainly involves ministries related to public services and the economy, was approved by parliament on Tuesday.

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Landmark agreement protects Egypt’s #CultureUnderThreat

Landmark agreement protects Egypt’s #CultureUnderThreat

Landmark agreement protects Egypt’s #CultureUnderThreat

Landmark agreement protects Egypt’s #CultureUnderThreat

By

Deborah Lehr

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December 1, 2016

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Secretary John Kerry and Egyptian Foreign Minister Sameh Shoukry signed the first bilateral agreement between the U.S. and an Arab country to protect cultural heritage at a ceremony in the historic Treaty Room of the U.S. State Department this week.

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China in the Middle East: The Silk Road ahead

China in the Middle East: The Silk Road ahead

China in the Middle East: The Silk Road ahead

China in the Middle East: The Silk Road ahead

By

Yousra Abdelhameed

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November 11, 2016

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Basilinna was a part of MEI's roundtable that gathered experts on China and the Middle East and Northern Africa (MENA) region to focus on the growing political and economic ties between the countries as well as the implications of these growing ties on U.S.-China/U.S.-MENA relations.

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Egypt's economic situation still manageable, China key supporter: Experts

Egypt's economic situation still manageable, China key supporter: Experts

Egypt's economic situation still manageable, China key supporter: Experts

Egypt's economic situation still manageable, China key supporter: Experts

By

China Daily

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November 3, 2016

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The economic situation in Egypt is difficult yet manageable and China is a major economic supporter to the Arab country, said lawmakers and economic experts in a press conference held Wednesday at the State Information Service (SIS) headquarters in Cairo.

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Gov't should "invest" in Sisi's foreign tours to boost economy- principal Deputy Minister for Planning

Gov't should "invest" in Sisi's foreign tours to boost economy- principal Deputy Minister for Planning

Gov't should "invest" in Sisi's foreign tours to boost economy- principal Deputy Minister for Planning

Gov't should "invest" in Sisi's foreign tours to boost economy- principal Deputy Minister for Planning

By

Basilinna

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September 20, 2016

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Principal Deputy Minister for Planning, Ambassador Yasser Elnaggar, interviews with Youm7 newspaper for their Euromoney issue

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Looted art helps fund jihadists in Europe

Looted art helps fund jihadists in Europe

Looted art helps fund jihadists in Europe

Looted art helps fund jihadists in Europe

By

Deborah Lehr

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August 25, 2016

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Brussels has long been a destination of choice for those illegally trafficking antiquities—a category that potentially includes the funders of terrorism that has taken lives throughout the West in recent months.

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Sisi Follows the New Silk Road to Riches

Sisi Follows the New Silk Road to Riches

Sisi Follows the New Silk Road to Riches

Sisi Follows the New Silk Road to Riches

By

Huffington Post

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January 5, 2015

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When Egypt recognized the People’s Republic of China in 1956 — the first Middle Eastern and African country to do so — it ushered the fledgling communist country into the broader international community beyond the Soviet bloc

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