The Economic freedom index measure ten components of economic freedom, grouped into four broad categories or pillars of economic freedom: Rule of Law (property rights, freedom from corruption); Limited Government (fiscal freedom, government spending); Regulatory Efficiency (business freedom, labour freedom, monetary freedom); and Open Markets (trade freedom, investment freedom, financial freedom). In 2020, the Suez Canal Authority generated USD 5.61 billion revenues (Egypt Oil&Gas). The warm climate and the abundant Nile water allow for several annual harvests. Political parties faced arbitrary restrictions on their work, such as organizing public events, and increasing arrests of their members. 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. The politics of Egypt are based on republicanism, with a semi-presidential system of government. Source: 2019 World Press Freedom Index, Reporters Without Borders. By Anonymous | April 30, 2020… November 3, 2020. International Trade Centre's COVID-19 Temporary Trade Measures webpage. 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. The same with the projects of the new administrative capital and the new city of El Alamein, as they are an attempt to absorb excess liquidity among citizens by purchasing housing units and lands. In particular, demographic changes and economic trends continue to evolve in ways that have the potential to increase unrest. 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. Latest travel advice for Egypt, including how to stay safe during the coronavirus (COVID-19) pandemic and information on returning to the UK. In 2020, Egypt's economy was impacted by the COVID-19 pandemic, but proactive measures taken to address health and social needs and support the most directly affected sectors helped mitigate the economic and human impact of the crisis (IMF). In addition, before the pandemic, the country was already in a strong position as it had implemented an economic reform program comprising fiscal consolidation measures, the introduction of a floating exchange rate and large cuts in subsidies. 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%). They featured low turnout, intimidation, and abuse of state resources. The last elections for the House of Representatives took place in two stages in 2015. The total score awarded to the political rights and civil liberties checklist determines the political rights and civil liberties rating. 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 daily statistics published by the WHO.For the international outlook you can consult the latest situation reports published by the World Health Organisation. 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 . 2019 World Press Freedom Index, Reporters Without Borders, Political freedom in the world (interactive map), World Bank's Map of SME-Support Measures in Response to COVID-19, Ministry of International Trade and Industry. It is largely dominated by revenues from telecommunications and tourism sectors. In spite of economic diversification efforts, the country continues to depend on the Suez Canal for a large part of its foreign income. 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. For information on the travel restrictions undertaken by the Egyptian government, please refer to the website of the US embassy in Egypt and to EgyptOnlineVisa.For the international outlook you can consult the latest travel updates available on the IATA website. or against the media (censorship, confiscation, searches and harassment etc.). 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. published by the World Health Organisation. 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 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. World Bank, Latest available data. 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, For information on the travel restrictions undertaken by the Egyptian government, please refer to the website of the, For the up-to-date information on all the measures applicable to movement of goods during the period of sanitary emergency due to the COVID-19 outbreak (including eventual restrictions on imports and exports, if applicable), please consult the website of the. Latest Update: January 2021. Finally, a note and a position are assigned to each country. Egypt Economic Outlook. Strengthen entry restrictions. In turn, Dr. Jamal Heshmat, the former Undersecretary of the Foreign Relations Committee in Parliament, said that the political files witnessed a catastrophic failure and great deterioration due to the absence of real change, and the continued survival of what he described as the ruling gang exercising repression on citizens. To compile this index, Reporters Without Borders (RWB) prepared a questionnaire incorporating the main criteria (44 in total) to assess the situation of press freedom in a given country. But government support for the pound will, in turn, require continued borrowing, which means increased internal and external debt. Official turnout was also much lower than the previous election, around 41%. Republic based on the Constitution adopted by referendum in January 2014 (amended in 2019). 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. Political freedom in the world (interactive map) 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. 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). Political news headlines, in-depth politics coverage and political opinion, plus breaking news on Egypt, Africa, MENA region, and world affairs. Deserts occupy most of the country. Economic Outline | restored some competition in the political arena, through introducting a new Constitution in 1971. The Egyptian economy was supported by the allocation of EGP 100 billion, representing 2% of the GDP (Egypt Oil & Gas). Zawya: website containing economic information on the Middle East. The sector has historically been important for Egypt, and it accounts for about 20% of total exports and foreign exchange earnings. Source: The Economist - Business Environment Rankings 2014-2018. Heshmat expected to expose the aims of what he called the axis of evil in the Islamic world and to expose his affairs to the people. Published Feb. 11, 2020 Updated Feb. 25, 2020 CAIRO — Somewhere in Egypt, around lunchtime Tuesday, the country reached a major milestone: its 100 millionth citizen was born. Professor of Dams Engineering in Malaysia Mohamed Hafez says it is expected that the Renaissance Dam will be opened informally during the annual celebrations of the ninth anniversary of its founding in April. 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. The House of Representatives is composed of 596 members elected for a period of 5 years by universal suffrage. Al-Koumi went on to talk about the repercussions of events in Libya, expecting that Turkey's intervention would change all the balance of the equation in the Eastern Mediterranean Region. 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. This program was designed to support the country in the context of the COVID-19 crisis. It appears as the most resilient sector in the context of the COVID-19 pandemic. | COVID-19 Country Response. 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