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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.
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.
There are three major reasons why Egypt should review the large role its military plays in the economy.
In an interview, Ruslan Trad describes how private military companies advance the Kremlin’s agenda in the Arab world.
Egypt’s and Turkey’s economic ties have survived the two countries’ political rift because a cutoff in relations would have harmed too many people on both sides.
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