Carnegie Endowment for International Peace
President Kais Saied needs more carrots than sticks.
Paul Haenle will moderate a discussion with Chinese, Middle Eastern, and Singaporean scholars on the key issues in China-Middle East relations and the geopolitical implications.
IMF proposals and Egyptian government initiatives offer an opportunity to bring the country's powerful military-owned companies under consolidated ownership and regulatory frameworks, mitigating their adverse impacts on economic output, public finances, and private sector development.
The only major takeaway is the United States’ diminishing role in the region.
It’s about managing oil prices, bread prices, and strategic partnerships.
Hollowed out by corruption and mismanagement and buffeted by adverse economic conditions, authoritarian governments in the Middle East are struggling to deliver the socioeconomic benefits that once pacified their publics.
For Egypt to deliver on its economic projects, the tentacles of military retirees in the state bureaucracy must be cut.
Three targeted recommendations would help transform the military economy in Egypt.
Egyptian military agencies and companies provide significant economic benefits, but both their achievements and their shortcomings point to the need to reconsider their business model and role in the civilian economy.
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