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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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Politics

Trump’s 2026 Iran deal differs from Obama’s 2015 JCPOA

18 June 2026

Although an MOU will be officially signed on 19 June, there are already significant differences a decade later, despite the US aim being largely similar. Could Trump open Iran like Nixon opened China?

Robert Ford
Sara Gironi Carnevale
Science & Technology

A smarter ball, or a safer one? The header dilemma facing world football

11 June 2026

The official World Cup ball showcases the latest advances in football technology, but new research questions whether future designs should prioritise brain safety as well as performance

Marco Mossad
Iran's President Masoud Pezeshkian holding a memorandum of understanding he and US President Donald Trump signed to end the US-Iran war on 17 June, 2026. IRINN Iranian state television/AFP
Politics

How a US-Iran deal will impact Gulf relations with Tehran

17 June 2026

As a costly war draws to a close, Tehran has the chance to chart a new course in relation to its neighbours, but that requires a change of mindset

Zaid bin Ali al-Fadhil
Stefano Summo
Culture & Social Affairs

World Cup songs: from local themes to global industry

11 June 2026

Football's biggest tournament has come to adopt a single soundtrack every four years to give each offering a distinct identity. Is this genuine culture, or a mass marketing technique?

Najeeb Mubarak
A roadside billboard displaying portraits of Pakistan's Chief of Army Staff Field Marshal Asim Munir and Prime Minister Shehbaz Sharif, following a deal between the US and Iran, in Islamabad, Pakistan, on 16 June 2026. REUTERS/Akhtar Soomro
Politics

How Pakistan quietly brokered the historic US-Iran deal

16 June 2026

Islamabad kept both sides talking even as missiles were being launched. That tenacity looks to have paid dividends in a way that could yet reshape the Middle East's power dynamics.

Kaswar Klasra

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OPINIONS

Trump’s deal: repercussions in the Gulf, Iran, and Israel

Al Majalla - London
Al Majalla - London

Trump’s 2026 Iran deal differs from Obama’s 2015 JCPOA

Robert Ford
Robert Ford

How Pakistan quietly brokered the historic US-Iran deal

Kaswar Klasra
Kaswar Klasra

How a US-Iran deal will impact Gulf relations with Tehran

Zaid bin Ali al-Fadhil
Zaid bin Ali al-Fadhil
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