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  • Egyptian economy

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
Axel Rangel Garcia

Egyptians cut back on expenses, but not on their coffee

Despite a fumbling economy, the quaint Egyptian café has never been busier. Their success is part of a much wider story.

Marcelle Nasr 15 September 2025
Egyptian Foreign Minister Badr Abdel Aty (R) receives Iranian Foreign Minister Abbas Araghchi in Cairo, Egypt, on 2 June 2025. Reuters

No matter who wins the Israel-Iran war, Egypt stands to lose

If Israel wins, it will likely move ahead with implementing its plan to push Palestinians out of Gaza, which could lead to a war with Egypt. If Iran wins, its proxies could further divide the region.

Amr Emam 17 June 2025
Eduardo Ramon

Moving from crisis to hope: Egypt’s economy in 2025

After dramatic action from the central bank, an $8bn IMF loan and a $35bn development deal, Cairo aims to bounce back in the new year, but faces both familiar and new problems first

Marcelle Nasr 04 January 2025
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
Egypt's president wants the country to become a shipbuilding power once again. That will be easier said than done. Eduardo Ramon

Watertight? Doubts over Egypt’s shipbuilding expansion plans

Cairo wants to regenerate its shipbuilding capabilities to boost its maritime fleet, but experts say this is a long-term plan requiring lots of investment. Can Egypt hope to compete?

Marcelle Nasr 21 August 2024
Egypt has successfully leveraged its role as a key player in resolving the Gaza conflict to get the foreign assistance it needs to rescue its economy. Ewan White

Egypt’s long road to recovery: Who wins and who must wait?

Many regional and international stakeholders believe that the cost of rescuing Egypt's economy pales in comparison to the steep price everyone might pay if it were to descend into chaos

Alaa Shahine Salha 12 April 2024
Director General of the International Monetary Fund, Kristalina Georgieva, while attending the World Government Summit session in Dubai on February 12, 2024. EPA

International efforts to rescue Egypt's economy intensify

A bigger IMF loan agreement and more support from the EU is expected as Cairo gets help from its allies to offset the impact of the Gaza war, amid hope among experts for fewer conditions

Marcelle Nasr 15 February 2024
After a major governmental push to develop the country's pharmaceutical industry, the sector is now a major contributor to the national economy. Barbara Gibson

Treating Egypt to a bright future: How a push to localise drug production has paid off

After a major governmental push to develop the country's pharmaceutical industry, the sector is now a major contributor to the national economy

Marcelle Nasr 08 February 2024
A supporter of Egyptian President Abdel Fattah el-Sisi reacts after the presidential election results in Cairo, Egypt, on December 18, 2023. Reuters

A look at Egypt's pressing priorities as el-Sisi secures third presidential term

El-Sisi faces a number of challenges on the road. These include the current war in Gaza, threats to Egypt's share in the water of the Nile River, rising inflation and high birth rates.

Amr Emam 20 December 2023
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US President Donald Trump addresses members of the Navy aboard the aircraft carrier USS George Washington at Yokosuka Naval Base on 28 October 2025. 
AFP
Politics

Mission creep: Trump's goal in Iran remains unclear

11 March 2026

Without a stable objective, military action risks becoming an open-ended process, rather than a strategy with a clear end goal

Ramzy Ezzeldin Ramzy
Lina Jaradat
Business & Economy

Choke point: how the Iran war is stifling global energy markets

13 March 2026

A US-Israeli attack on Iran has turned into a regional war, sending Brent crude prices over $100 a barrel, and throwing shipping, inflation, and monetary policy into turmoil

Abdulfattah Khattab
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
Sara Padovan
Business & Economy

There are few good alternatives to the Hormuz Strait

13 March 2026

Riyadh and Cairo are trying to ease the acute oil shortfall through alternative pipelines, but these are just band-aid solutions, as the world's most vital energy corridor remains closed by Iran

Marcelle Nasr
A girl shows a peace sign, as Syrians gather to mark the anniversary of the 2011 uprising against the ousted President Bashar al-Assad in Damascus, Syria, on 15 March 2026. REUTERS / Yamam Al Shaar
Politics

One year on, Syria's National Dialogue promises fall flat

16 March 2026

The rushed 2025 rollout raised questions about the government's seriousness. Since then, no meaningful record has been published, fuelling fears that it was just a show.

Haid Haid

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OPINIONS

Kharg Island: Iran’s oil-rich economic gateway

Al Majalla - London
Al Majalla - London

Could the US-Iran war spark World War III?

Christopher Phillips
Christopher Phillips

Pakistan turns to austerity as US-Iran war drags on

Kaswar Klasra
Kaswar Klasra

One year on, Syria's National Dialogue promises fall flat

Haid Haid
Haid Haid
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