egypt political situation 2020

In Egypt, the Coronavirus Poses a Political Threat The pandemic has exposed the shortfalls of a government that has neglected the health sector for too long. To find out about the latest status of the COVID-19 pandemic evolution and the most up-to-date statistics on the COVID-19 disease in Egypt, consult the daily statistics published by the WHO.For the international outlook you can consult the latest situation reports published by the World Health Organisation. To find out about the latest public health situation in the Egypt and the current sanitary measures in vigour, please consult the dedicated page on the website of the US embassy in Egypt. And because the threads of those issues did not touch its end after the finish line, it seems that the year 2020 will be full of repercussions and consequences that will affect the political and economic scenes. The legislative power is bicameral since the constitutional referendum of 2019 was approved by the House of Representatives in June 2020. Finally, the services sector represents 50.5% of the Egyptian GDP and employs nearly half of the population (49%). The latter is forecast to pick up to 5% in 2022, subject to the post-pandemic global economic recovery. Political and economic experts talked about Al-Jazeera Net about the most important issues that will witness an escalation during the new year, expecting the effects that it will have on the general scene, negatively and positively. Leading political figures, including Zyad el-Elaimy, Hisham Fouad and Hossam Moanis, were arrested to stop them founding a coalition to contest the 2020 parliamentary elections.In September and October, police arrested several members from five political … In this, Al-Houfi mentioned Qatar Petroleum Company's announcement last November to operate a refinery project in Mostorod, north of Cairo. Despite this slowdown, Egypt was one of the few countries with positive growth rate in 2020. According to IMF estimates, GDP growth fell from 5.6% in 2019 to 3.5% in 2020, and is expected to further drop to 2.8% in 2021. The Central Bank of Egypt slashed policy rates by a cumulative 350 basis-points since March 2020 to ease liquidity. Latest travel advice for Egypt, including how to stay safe during the coronavirus (COVID-19) pandemic and information on returning to the UK. President Abdel Fattah el-Sisi ordered parliament to freeze its activities on 1 October 2019 and placed the National Security Agency (NSA) in charge of creating lists of candidates as the General Intelligence Directorate (GID) had not satisfactorily selected candidates in the previous election. In Egypt, there are 8 different active political alliances based on their religious and political orientation. To find out about the latest status of the COVID-19 pandemic evolution and the most up-to-date statistics on the COVID-19 disease in Egypt, consult the. With automotive manufacturing, steel manufacturing, cotton cultivation, textile production and the construction industry, the secondary sector accounts for 35.6% of the GDP and employs 28% of the workforce. He expected that the new formation of the government would achieve the missing cooperation between its members, as this would be reflected in the increase in growth and development rates. Source: 2019 World Press Freedom Index, Reporters Without Borders. It is at the top of the files that occupied Egyptians during the past year, and it is natural for this concern to continue to develop during 2020. The House of Representatives is composed of 596 members elected for a period of 5 years by universal suffrage. International Trade Centre's COVID-19 Temporary Trade Measures webpage. In 2020, the budget deficit increased slightly to -7.5% of GDP (from -7.2%), and is expected to widen to -8.5% in 2021 before decreasing again in 2022 (-5.7%) thanks to economic recovery. Egypt will lead growth in the MENA region in 2020. Inflation, which had risen to near record highs against a backdrop of a political turmoil and loss in the value of Egyptian pound, fell to 13.9% in 2019, from 20.9% the previous year. Egypt’s economic freedom score is 54.0, making its economy the 142nd freest in the 2020 Index. It examines ten separate criteria or categories, covering the political environment, the macroeconomic environment, market opportunities, policy towards free enterprise and competition, policy towards foreign investment, foreign trade and exchange controls, taxes, financing, the labour market and infrastructure. For 2021, the priority is to support the economic recovery as the external environment remains fragile and risks include a second wave of COVID-19, less favorable financing conditions for emerging markets, and a drop in remittances (IMF). Santander, Santander Trade and the Flame logo are registered trademarks. The latest breaking news, comment and features from The Independent. The main challenger was arrested, prompting other challengers to withdraw their campaign on possible grounds of intimidation. IMF – World Economic Outlook Database, President: Abdel fattah El-Sisi (since June 2014 ; re-elected for a second term in March 2018), Prime Minister: Mostafa Madbouli (since June 2018). Therefore, any incident related to the contents or services must be resolved between the user and Export Entreprises S.A.; with no involvement or responsibility from Banco Santander, S.A. or any of its subsidiaries. At the same time, the dam expert expected that Ethiopia would agree to pass 35 billion cubic meters to Egypt instead of 31 billion, and the last is the percentage that Addis Ababa sees as sufficient as Cairo’s share of the Nile waters. Public debt-to-GDP ratio increased to 86.6% in 2020 (from 83.8%) and is expected to reach 90.6% in 2021 before declining again in 2022 (to 87.8%). Over the course of 2019, Egypt witnessed many political and economic issues and files, whether those that appeared on the scene suddenly, or that have ancient roots under the dust of previous years. The total score awarded to the political rights and civil liberties checklist determines the political rights and civil liberties rating. Inflation rate should decrease to 5.9% in 2020 and increase to 8.2% in 2021, according to the latest World Economic Outlook of the IMF (April 2020). Egypt Economic Outlook. Toxic growth .. Hafiz suggested that the government would deal if Ethiopia agreed to the 35 billion cubic meters and extend the storage period of the dam to seven years as it had achieved an important victory, and would try to persuade the citizens to stop farming for most of the local products and expand the water desalination projects. The economist Abdel Nabi Abdel Muttalib believes that the Egyptians have suffered a lot from the suffering and hardship in recent years, but he finds indicators of economic relief during the new year. It started improving again during Q1 2020 and was recorded at 7.7%. The Demographic Situation. Elections for both chambers were scheduled for 2020. Political Outline Source: On the level of domestic political issues and related to international parties, they are likely to escalate rapidly and sometimes to ignite. Likewise, Ethiopia’s acquisition of $ 9 billion from the World Bank and the International Monetary Fund - alongside the UAE and Saudi Arabia - will be a major reason for Addis Ababa's announcement that construction of the second upper dam over the Renaissance Dam will begin. • The unemployment rate declined to a decade low of 7.5% in June 2019, compared to 11.1% in 2018, before slightly rising to 7.9% at 2019’s end. They featured low turnout, intimidation, and abuse of state resources. Does the IMF carry deceptive messages to the Egyptians? The business rankings model measures the quality or attractiveness of the business environment in the 82 countries covered by The Economist Intelligence Unit’s Country Forecast reports. Tools and resources to help your company expand globally, In this page: Political parties faced arbitrary restrictions on their work, such as organizing public events, and increasing arrests of their members. Introductory Offer - expires 11:59 pm 9/9/2020 Egypt’s public prosecutor has cleared five policemen of responsibility in the 2016 murder of Italian student Giulio Regeni and said he will not pursue the case because the perpetrator is unknown. Egypt has been a republic since King Farouk was overthrown by the Free Officers Movement in 1952. In the past two decades, employment growth in Egypt has failed to keep up with the growth of the working age population. Alibaba: Economic portal on the Middle East. or against the media (censorship, confiscation, searches and harassment etc.). The economic files that the government faces and the citizens suffer from are many, varied and have repercussions during the new year, and analysts see them in an optimistic framework, while others refuted the risks that await them. Appropriate monetary policy allowed the inflation rate to further decrease in 2020, reaching 5.7%. On the monetary side, Abdel-Muttalib suggested reducing the interest rate and stabilizing the pound exchange rate against the dollar, ruling that the price would decrease below 15 pounds against the dollar. Travel receipts fell by 54.9% between January and June 2020 (Central Bank of Egypt). Macroeconomic performance and outlook Economic growth in Egypt, estimated at 5.6% for 2019, is forecast to strengthen to 5.8% in 2020 and 6% in 2021, supported by broad-based economic reform programs since 2016. The country also became the 13th gas producer in the world (Le360Afrique), its production increasing by 12.4% during financial year 2019-2020 (Africa Oil & Power). Economic freedom in the world (interactive map) The future situation will get worse, as the dam expert expects that Egypt will not get 35 billion cubic meters, explaining that the formula for Nile water users has entered new partners and they are Arab Gulf countries who have invested huge funds in purchasing seven million acres located near the course of the Blue Nile. Female youth unemployment remains very high (48% in 2018 according to IMF). For the latest economic outlook due to the Covid-19 pandemic, please consult the OECD Economic Outlook Interim Report Coronavirus (Covid-19): Living with uncertainty and the IMF's policy tracking platform Policy Responses to COVID-19 for the key economic responses from governments. That seemingly optimistic vision of the future of the economy is reversed by Mustafa Shaheen, professor of economics at American University of Oakland, who found several indications of economic suffering that Egyptians will experience during the year 2020. Only Stratfor tells you what's going on, why it matters & what's happening next Take The Offer - Subscribe Today. Egypt reopened its airspace to Qatari flights on Tuesday and will allow the resumption of air traffic between the two countries as part of a thaw in relations with the Gulf state, officials said. Learn more about Market Analyses about Egypt on Globaltrade.net, the Directory for International Trade Service Providers. For the information on the local business support scheme established by the Egyptian government, consult the dedicated page on KPMG’s website.For a general overview of international SME support policy responses to the COVID-19 outbreak refer to the OECD's SME Covid-19 Policy Responses document.You can also consult the World Bank's Map of SME-Support Measures in Response to COVID-19. Source: The IMF expects the unemployment rate to be affected by the negative economic impact of the COVID-19 pandemic, the rate being currently estimated to increase to 9.7% in 2021 and 2022. Finally, a note and a position are assigned to each country. In particular, demographic changes and economic trends continue to evolve in ways that have the potential to increase unrest. Deserts occupy most of the country. On the issue of reconciliation with Qatar, Ahmed Rami al-Hofy, a leader in the Freedom and Justice Party that is affiliated with the Muslim Brotherhood, predicted a slow and gradual reconciliation between Doha and Riyadh only without the rest of the countries including Egypt. But government support for the pound will, in turn, require continued borrowing, which means increased internal and external debt. It established an upper chamber called the Senate, composed of 300 seats. | COVID-19 Country Response. Egypt’s presidential elections of March 2018 posed little challenge to incumbent Abdel-Fattah el-Sissi being re-elected with 97% of votes, after all serious opposition contenders halted their campaign two months before the election. This questionnaire was sent to partner organisations,150 RWB correspondents, journalists, researchers, jurists and human rights activists. The world rankings, published annually, measures violations of press freedom worldwide. It reflects the degree of freedom enjoyed by journalists, the media and digital citizens of each country and the means used by states to respect and uphold this freedom. Due to the COVID-19 pandemic, the services surplus declined by 31.2% to USD 9.0 billion (from USD 13.0 billion), mainly as a result of the decrease in tourism revenues. The last elections for the House of Representatives took place in two stages in 2015. Economic policy will focus initially on mitigating the fallout of the coronavirus (Covid-19) pandemic, with fiscal consolidation delayed, but reforms will continue as part of an IMF programme. He expected that the local council elections that are supposed to take place this year will not differ from the parliamentarian, in terms of security domination over it and the victory of the hypocrites for power. Reform and Development Party [Mohamad Anwar al-SADAT], Socialist Popular Alliance Party, Constitution Party, Justice Party, Egyptian Social Democratic Party [Farid ZAHRAN] , Dignity Party , Freedom Egypt Party , Bread and Freedom Party, Arab Democratic Nasserist Party [Dr. Mohamed ABDUL ELLA], Arab Party for Justice and Equality, Democratic Generation Party, Democratic Peace Party [Ahmed FADALY], Egyptian Arab Socialist Party, Egyptian National Movement Party [Gen. Raouf EL SAYED] , My Homeland Egypt Party [Gen. Seif El Islam ABDEL BARY] ,Social Construction Party , Tomorrow Party , Victory Party, Voice of Egypt Party, Egyptian Democratic, Nasserist Party, Future of Egypt Party, Dignity Party, Tagammu Party, Free Egyptians Party [Essam KHALIL]: centre/centre-right , Wafd Party [Bahaa ABU SHOKA]: national-liberal ,Nation's Future Party (Mostaqbal Watan) [Mohamed Ashraf RASHAD]: centre-left , Congress Party [Omar Al-Mokhtar SEMIDA]: centre-right, big tent, liberalism, Conservative Party [Akmal KOURTAM] , Tamarrod , Tommorow Party, Sadat Democratic Party, Modern Egypt Party [Nabil DEIBIS] , Reform and Renaissance Party, Human Rights and Citizenship Party, We Are The People Party, New Independent Party, Arab Party for Justice and Equality, Homeland Defenders Party, Democratic Peace Party, Egyptian Arab Socialist Party, Modern Egypt Party, Republican People’s Party [Hazim AMR] : liberal and populist , National Party of Egypt, Egyptian Liberation Party, Tomorrow Party, Egyptian National Movement Party [Gen. Raouf EL SAYED], My Homeland Egypt Party, Democratic Generation Party, Building and Development Party , Freedom and Justice Party , New Labour Party , Virtue Party, Egyptian Reform Party , Authencity Party , People Party, Al-Nour [Yunis MAKHYUN]: far-right, conservative-salafistEl Ghad Party [Moussa Mostafa MOUSSA]El Serh El Masry el Hor [Tarek Ahmed Abbas NADIM]Freedom Party [Salah HASSABALAH]Homeland’s Protector Party [Lt. Gen. (retired) Galal AL-HARIDI]: populistNational Progressive Unionist (Tagammu) Party [Sayed Abdel AAL]Revolutionary Guards Party [Magdy EL-SHARIF]. Economic Outline | Inflation has been declining since end-2019 and has remained rather contained, registering an average of 5.7% in the fiscal year 2020 (from an average 19.6% in the previous three), reflecting subdued demand and the general decline of global commodity prices, including oil. For the information on the economic recovery scheme put in place by the local government to address the impact of the COVID-19 pandemic on the Egyptian economy, please visit the, For the information on the local business support scheme established by the Egyptian government, consult the, For the up-to-date information on possible support plans for exporters in Egypt, if applicable, please consult the website of the, OECD Economic Outlook Interim Report Coronavirus (Covid-19): Living with uncertainty, IMF's policy tracking platform Policy Responses to COVID-19, Economic freedom in the world (interactive map), 2019 Index of Economic Freedom, Heritage Foundation, The Economist - Business Environment Rankings 2014-2018, Central Agency for Public Mobilization and Statistics, Website containing official information from the government. In an interview with the French paper Le Figaro , Sisi responded to a question on a potential military faceoff between Egypt and Turkey in Libya, saying, “Egypt will never initiate an attack . Agriculture contributes 11% of the GDP (World Bank, 2019) and employs 23% of the active population (World Bank, 2020). Each of the freedoms within these four broad categories is individually scored on a scale of 0 to 100. In 2020, the Suez Canal Authority generated USD 5.61 billion revenues (Egypt Oil&Gas). Parliamentary: 2020 Current Political Context Egypt’s presidential elections of March 2018 posed little challenge to incumbent Abdel-Fattah el-Sissi being re-elected with 97% of votes, after all serious opposition contenders halted their campaign two months before the election. Your business sector on our service Market Reports Egypt are based on republicanism with. % for FY 2020/21 some 10 parties, won all 120 bloc-vote seats water for. 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