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Egypt
Stringent IMF loan terms put Sisi in the hot seat

Egyptian President Abdelfattah al-Sisi.
Egyptian President Abdelfattah al-Sisi. © Florian Gaertner / DPA Picture-Alliance via AFP
The demands made by the International Monetary Fund in exchange for a $3bn loan have put the Egyptian leader in a tight spot. The reforms he has to carry out in return for the money will hurt the general population, the business community and the military. [...]
Published on 25.01.2023 at 05:00 GMT Reading time 3 minutes
Finance

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Further reading

In Focus | Egypt
Sisi's generals enjoy suite success from their moneymaking luxury hotels

With the Egyptian economy in crisis and the military apparatus tightening its grip, the country's generals are staking their claims on the lucrative high-end hotel sector. From building lavish establishments to signing international partnerships, the top brass fancy themselves as luxury and business tourism tycoons - and there appears little to stop them continuing.

LogoSubscribers only Politics, Business 10.04.2023
Colonel Walid Sami Salama (left), General Sherif Salah el-Dine (center) and General Mohamed Amin (right).

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