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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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An Iranian holds a picture of Supreme Leader Ali Khamenei; Hezbollah leader Hassan Nasrallah, killed by an Israeli air strike on September 27, 2024; and Iran Quds Force Commander Qasem Soleimani, killed by the US in January 2020. ATTA KENARE / AFP
Politics

Israel sharpens its focus amid growing unrest in Iran

11 January 2026

Last year's 12-day war with Iran was ostensibly aimed at its nuclear programme. This time, the regime is significantly weakened, presenting an opportunity Israel may feel it can't miss.

Michael Horowitz
Al Majalla
Politics

The Donroe Doctrine and the new hemispheric order

12 January 2026

Pressure builds on Venezuela after Trump appoints himself 'acting president'. With Colombia, Mexico and Cuba seemingly also in the line of fire, they will be closely watching what happens in Caracas.

Stefanie Butendieck Hijerra
Government forces patrol the Sheikh Maqsoud neighbourhood after taking control of the area, following the collapse of an agreement between the Syrian government and the SDF, in Aleppo, Syria, on 10 January 2026. REUTERS/Khalil Ashawi
Politics

What next for Syria after tenuous Aleppo ceasefire?

10 January 2026

It remains unclear if Damascus's move to kick the Kurds out of Aleppo will pressure the SDF to implement the 10 March deal to integrate its forces into the Syrian army or harden its resolve to resist

Haid Haid
Saudi Arabia's Foreign Minister Faisal bin Farhan (L) gives a joint press conference with his Egyptian counterpart Badr Abdelatty (R) at Tahrir Palace in the centre of Cairo on September 10, 2024. Khaled DESOUKI / AFP
Politics

Egypt steps up its balancing act amid Yemen rift

08 January 2026

The UAE backs southern Yemenis who want secession, while Saudi Arabia wants a unified Yemen. Egypt also favours unity, but is close to both Gulf states, putting it in a difficult position.

Amr Emam
Al Majalla
Documents & Memoirs

Putin foreshadowed the Ukraine war in 2008 meeting with Bush

06 January 2026

Recently declassified meeting minutes between the two leaders show how Washington was well aware of Moscow's grievances over NATO expansion, but went ahead anyway

Samer Elias

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OPINIONS

Venezuela tops global oil reserve rankings

Al Majalla - London
Al Majalla - London

The Donroe Doctrine and the new hemispheric order

Stefanie Butendieck Hijerra
Stefanie Butendieck Hijerra

Habib Abdulrab Sarori: the imperative of progress mirrors religious duty

Ali Almuqri
Ali Almuqri

The ‘Donroe Doctrine’ makes no sense

Stephen M. Walt
Stephen M. Walt
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