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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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A plume of smoke rises following a reported explosion in Tehran on 28 February 2026 as US and Israeli attacks on the country commence. ATTA KENARE / AFP
Politics

US-Israel attack Iran but end goal remains unclear

27 February 2026

Military strategists have long warned that war should be waged only if those waging it know what they want to achieve. Herein lies a problem: Washington's war aims in Iran are incoherent.

Futoshi Matsumoto
Al Majalla
Politics

Iran’s strategy for war with the US

25 February 2026

Tehran isn't likely to easily fold if/when Trump attacks. This means that the longer a military confrontation drags out, the more untenable Washington's position becomes.

Bilal Saab
Pete Reynolds
Politics

Ukraine: the war that shook the world

23 February 2026

The conflict has forced Russia to scale back its global footprint and NATO to boost its defence spending. Meanwhile, China and Middle powers have emerged as key beneficiaries.

Christopher Phillips
AFP / Al Majalla
Science & Technology

Renewables on track to redefine global energy

23 February 2026

Natural resources like solar, wind, and water are set to provide 36% of global electricity production this year. Even for sceptics like Donald Trump, the trends are unmistakable.

Mohammed Mansour
Gregori Saavedra
Politics

Was Jeffrey Epstein a spy?

24 February 2026

Some point to his possible links to Mossad through his associate Ghislaine Maxwell, whose father was a known Israeli spy, and assert that he blackmailed powerful figures to exert influence

Al Majalla - London

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OPINIONS

US-Israel attack Iran but end goal remains unclear

Futoshi Matsumoto
Futoshi Matsumoto

Sharaa’s amnesty decree tests Syria’s constitutional order

Haid Haid
Haid Haid

Cuba's new battle for survival

Stefanie Butendieck Hijerra
Stefanie Butendieck Hijerra

Why Ethiopia's presence on the Red Sea is a red line for Egypt

Amr Emam
Amr Emam
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