Egypt continues a process of political transition. Following President Hosni Mubarak’s ouster in February 2011, free parliamentary and presidential elections were held and Mohammed Morsi became president with almost 52% of the vote. A newly drafted constitution was confirmed in a referendum in December 2012. In June 2013, mass demonstrations against President Morsi erupted.
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More than 75 percent of Egyptian households rely on gas cylinders. The Egyptian government aims to reduce this by connecting more than million more households to the grid. The government stands to save about US$200 in subsidies a year for every household connected.Read More »
This paper quantifies the economic effects of the Syrian war and the advance of the Islamic State on six Levant economies. The conflict put a halt to the regional trade integration process considered essential for accelerating economic growth, diversification, and job creation. Egypt’s per capita welfare losses reached 1.5% while the total costs of war escalated to 10% if the costs of foregone regional trade integration are includedRead More »
The World Bank supports the economic reform measures of the government and prepares to take part in the economic summit in February 2015, Hartwig Schafer, the World Bank’s Country Director for Egypt says in an interview with Daily News EgyptRead More »