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  1. Politics And Prices Stifling East Mediterranean Gas Hopes

    ...rdan to a lesser extent), but history shows that any deal to send Israeli gas to Egypt or vice versa is at best risky. Egypt’s former oil minister Sameh Fahmi was sentenced to 15 years in jail in 2012 for his role in the 2005 deal to send Egyptian gas to Israel, which was terminated following the 2011 ou...

    Volume: 59
    Issue: 33
    Published at Fri, 19 Aug 2016

  2. IMF Loan To Egypt Will Need To Be Supplemented With Serious Reforms

    ...ciety.” After the 2011 revolution, the government bowed to popular pressure and hired some 900,000 people in civil servant jobs, which were not needed, raising the wage bill by an annual E£150bn ($16mn at current rates). There is therefore a need to reduce this “over employment” in the civil service to cu...

    Volume: 59
    Issue: 33
    Published at Fri, 19 Aug 2016