Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
New Egyptian President ‘Abd al-Fattah al-Sisi says he will address the main problems in his country’s sagging economy by developing industry and agriculture and attracting direct investment.
In his inaugural 8 June speech Mr Sisi outlined the main challenges facing his country: high internal and external debt; low fiscal revenue coupled with a huge budget deficit; high unemployment rates; depressed tourism arrivals; meagre foreign exchange reserves and an “energy crisis”.
He pledged to guarantee the rights of the poor and low-income people.
GCC LEADERS SALUTE SISI
Senior members of the ruling royal families from Saudi Arabia, Kuwait, the UAE, Oman and Bahrain – all the GCC states apart from renegade Qatar – attended the inauguration ceremony, in a gesture seen as a strong sign of support to Egypt and its new leader.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE