EGYPT
 
Egypt: Fraying At The Seams
 
Egypt is facing a whole string of massive and interlinked energy-related problems. Cairo has managed, so far, to put off the day of reckoning – with this week’s receipt of $5bn from Libya and Qatar the latest emergency lifeline. But only wide-ranging subsidy reform can address the root cause.
 
Cairo’s attempts to manage the problems in its energy sector resemble papering over the cracks on a sinking...