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Al Majalla

Egypt’s economy: 2025 tests and 2026 bets

Debt is colossal but there are promising indicators, not least in inflation, legal reforms, the sale of government assets, and monetary stability. Will these green shoots be allowed to grow and bloom?

Marcelle Nasr 10 January 2026
Egyptian Prime Minister Mostafa Madbouly and Director of the International Monetary Fund, Kristalina Georgieva, during a joint press conference, in the New Administrative Capital, east of Cairo, November 3, 2024. Reuters

New IMF review points to Egypt's progress—with some caveats

There are positives within the latest review of Cairo's progress toward a further $1.3bn financial lifeline, but they come amid deepening economic problems at home, where the cost of living is rising

Marcelle Nasr 29 November 2024
Ships are steering clear of the Suez Canal for fear of Houthi attacks in the Red Sea, which is hitting Egypt's currency. Shutterstock

Taking a pounding: Egypt's economy hit by regional tension

The Egyptian Pound is weak, and the country is losing income from Houthi missiles, causing ships to avoid the Suez Canal. The timing is bad, as Cairo asks the IMF for $750mn in loans.

Marcelle Nasr 02 February 2024
Balancing the dual challenges of poverty and unemployment in Tunisia is President Kais Saied's top priority. Nathalie Lees

Tunisia and IMF deal: Which way will the pendulum swing?

Looming elections and populist politics seem to be behind the impasse over talks to agree reforms to unlock much-needed funds. Tunisia's credibility is being hurt by divisions within the government.

Kawthar Zantour 13 October 2023
The IMF's failure to forewarn of Lebanon's crisis highlights its controversial history and inherent shortcomings as a lender of last resort. Dave Murray

Lebanon shows why the lack of transparency at the IMF is a huge problem

The IMF's stark failure to warn of a looming crisis in Lebanon reveals why it has long been controversial, alongside the characteristic shortcomings as the lender of last resort

Toufic Chanbour 11 October 2023
Egypt, the world's second-largest IMF borrower, has dug itself a hole. Meanwhile, Egyptian citizens are the ones trying to scramble out of it. Aliaa Aboukhaddour

‘International Misery Fund’: Egypt struggles not to fall into IMF debt hole

Egypt, the world's second-largest IMF borrower, has managed to reach several agreements, yet failed to achieve reform goals in the process. Now, Egyptians are bearing the brunt.

Marcelle Nasr 10 October 2023
Marrakech is hosting the annual meetings of the Bretton Woods institutions in October. This is after being unable to convene in Morocco in 2021 due to the COVID-19 pandemic. Alex William

The IMF and Morocco: A 65-year-old story

Marrakech is hosting the annual meetings of the Bretton Woods institutions in October. This is after being unable to convene in Morocco in 2021 due to the COVID-19 pandemic.

Mohamed Sharki 09 October 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a news conference following a meeting at the Federal Chancellery in Berlin, Germany November 29, 2022. REUTERS/Michele Tantussi/File Photo

IMF Chief Expects To Keep 2023 Global Growth Forecast Steady At 2.7%

The International Monetary Fund is not expected to downgrade its forecast for 2.7% growth in 2023, the head of the global lender said on Thursday, noting that concerns about an oil price spike had…

12 January 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a news conference following a meeting at the Federal Chancellery in Berlin, Germany November 29, 2022. REUTERS/Michele Tantussi

Global Economy Faces Tougher year in 2023, IMF's Georgieva Warns

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe, and China - all experience weakening activity, the head of the…

02 January 2023
An Egyptian street vendor carries bread and sweets during the celebration of "Moulid", the birth of Al-Sayyida Nafisa, in old Cairo, Egypt December 28, 2022. REUTERS/Amr Abdallah Dalsh

Egypt Lifts Import Curbs, Backs Bigger Private Sector Role To Meet IMF Demands

Egypt on Thursday lifted a key restriction on imports and approved a list of economic activities the government would leave to the private sector, in an effort to meet two key conditions attached to…

30 December 2022
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Pete Reynolds
Business & Economy

Energy infrastructure attacks and the new security imperative

17 March 2026

By attacking Gulf energy infrastructure, Iran aims to apply economic and geopolitical pressure as a way to avoid large-scale conflict

Jessica Obeid
A member of the security forces, holding a picture of Iran's new Supreme Leader Mojtaba Khamenei, observes protesters as they gather for a rally in support of the new Supreme Leader in Enghelab Square in Tehran, on 9 March 2026. Getty/ Al Majalla
Politics

Decapitation strikes unlikely to topple Iran's regime

18 March 2026

Instead of taking down the Islamic Republic, what the assassinations have done is harden public support and accelerate the regime's militarisation

Alex Vatanka
Lina Jaradat
Business & Economy

Strait of Hormuz: the waterway critical to global trade 

18 March 2026

Any disruption in the Hormuz has cascading knock-on effects that extend far beyond energy markets, impacting international trade. Al Majalla explores all this and more.

Al Majalla - London
US Republican presidential hopeful Donald Trump speaks during the American Israel Public Affairs Committee (AIPAC) 2016 Policy Conference at the Verizon Centre in Washington, DC, on 21 March 2016. SAUL LOEB / AFP
Politics

The Israel lobby’s responsibility for the Iran war

17 March 2026

Advocates for the US-Israeli special relationship have played a special role

Stephen M. Walt
US Navy sailors send signals to an E-2D Hawkeye aircraft, 124th Airborne Command and Control Squadron, as it walks on the deck of the aircraft carrier USS Gerald R. Ford, on 28 February 2026.
 Reuters
Documents & Memoirs

Could the US-Iran war spark World War III?

16 March 2026

The current conflict is unlikely to go global for now, but the speed at which it has spread regionally is alarming. A look at history shows the geopolitical factors that led to world wars.

Christopher Phillips

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OPINIONS

Why modern-day wars can easily go regional

Amgad Fareid Eltayeb
Amgad Fareid Eltayeb

The US and Israel have different goals in the Iran war

Con Coughlin
Con Coughlin

The Hormuz Strait: a vital oil lifeline to the world

Abdel-Rahman Ayas
Abdel-Rahman Ayas

Decapitation strikes unlikely to topple Iran's regime

Alex Vatanka
Alex Vatanka
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