Daily News Egypt

Has Al-Sisi put Egypt’s economy on the right track? - Daily News Egypt

Advertising Area



Advertising Area




Has Al-Sisi put Egypt’s economy on the right track?

On the occasion of Al-Sisi’s two-year anniversary as president, Daily News Egypt looks at the circumstances of different economic sectors two years after Al Sisi’s rule, what has been accomplished, and the obstacles that threaten the stability of his rule


 

Wednesday marked the middle point of President Abdel Fattah Al-Sisi’s four-year presidential term. At the start of his term, which began on 8 June 2014, Al-Sisi made great promises regarding Egypt’s economic future, ensuring the public that he would put the country back on track towards a future of prosperity.

However, the economy’s recovery, both in speed and in substance, has been weak. With tourism at an all-time low, a scant amount of foreign direct investment due to concerns over political stability and the lack of security, Egypt’s problems have multiplied while its economy has declined.

On the occasion of Al-Sisi’s two-year anniversary as president, Daily News Egypt looks at the circumstances of different economic sectors two years after Al Sisi’s rule, what has been accomplished, and the obstacles that threaten the stability of his rule.

 

Al-Sisi’s regime is still shackled with a number of economic challenges that threaten the hoped for economic growth needed to improve the lives of many Egyptians.

The most prominent obstacles include the lack of foreign currencies, the devaluation of the Egyptian pound value against the US dollar, a tourism sector that is slowly dying, the increase of prices on the majority of the basic goods, and bureaucracy and corruption, which Al-Sisi himself admitted was the main obstacle to achieving growth during his interview a week ago.

Al-Sisi, however, managed to bring about significant improvements in sectors like electricity, which no longer see regular black outs, due to an increase in the flow of gas and electricity to plants and the country’s petroleum explorations. He also moved towards enhancing investments in the communications sector by paying more attention to locally manufacturing mobiles.

 

Several news agencies believe that Al-Sisi’s reforms in terms of the economy are good but not enough to improve the lives of Egyptians.

Advertising Area

Advertising Area



  • EGYPTian

    Uae&OmanTerorists areSlave ofComunist China,Russia&Israel

    Terririst Countries Saudi Arabia&UAE(United sikh emirates) now threatening to Assassinate the EGYPT’s Abdel Fattah Saeed Hussein Khalil el-Sisi if he is not hand over Tiran and Sanafir islands to TerroristCountry Saudi Arbias.

    Terririst Countries SaudiArabia&UAE(United sikh emirates) are medling & interfering with internal politics of the countries like EGYPT&Lebnon etc by bribing theBillions of Dollar to theseCountries, EGYPT’s SecularGovt of BrotherHood was thrown out by Uae&Saudi dollars, As EGYPTIAN are very Clever&Conning, they will get the money from Terorist countries UAe&Saudi,but never bendInfront of TeroristCountries UAe&Saudi.

    Saudi Arabia&United sikh emirates, Shaikh(Sikh), knows three things only eat, drink&outsource their daughters marriages to African countries like EGYPT, Somali, Balochi, Bengalis.

    Saudi Arabia& UAE(United sikh emirates) sponsor Lebanese militia Hezbollah &Israel to Assassinate Rafic Hariri.

    On 14 February 2005 Rafic Hariri, the former Prime Minister of Lebanon, was killed along with 21 others in an explosion in Beirut, Because TerriristCountries SaudiArabia&UAE(United sikh emirates) want to expelling the Syrian army from Lebanon.

  • EGYPTian

    TerriristCountries Saudi,Uae(United Sikh Emirates) invadedSyria&Yemen, From Syria 7 Millions killed, 10 millions Migrated to Europe&Asia, from Yemen 1 millions people killed, 3 millions migrated to Europe& Asia.

    TerroristCountries Saudi,Uae want theControl over the GulfStates including the IRAN. Actuall Uae&Oman are part ofIran.

    International CriminalCourt, InternationalMilitaryTribunal observed Saudi&Uae’s shaikhs foundGuilty of WarCrimes in Syria&Yemen.

    Terrorist Countries Uae&Oman has no identity of their own, DNA(Haplogroup E) test of the GCC national clearly shows that these countries national are rooted from other countries from cross marriages of Uae&Oman localFemales & Africans, Israeli, Phora,Somali, Balochi, Bangali, malbaries,Egyptian, Ethopions, Sudanese etc.

    GCC’s Trend&culture is Terrorising the Whole ManKind, due to this Whole world is closing the doors for Teerorist GCC’s National, As USA&Europe is already as GCC Nationals not to enter their countries.

    Terrorist countries Saudi, Uae&Oman are running on the Mercy of Communist China,Russia, Europe&USA, Because Communist China,Russia, Europe&USA are buying Crude Oil from these countries to survival from Starvation, countries Saudi, Uae&Oman are not only Terrorist but also are haramiCountries, According to ISLAM its HARAM to sell the Crude oil to CommunistCountries.

    Saudi, Uae&Oman’s Top 10 companies are barrowing money from the banks, National Commercial Bank – Saudi ,National Bank of Abu Dhabi (NBAD) – Uae, Bank Muscat,Ahli Bank – Oman lending money on interest rate HARAMI to survive their country. This also make these countries areHARAMI.

https://www.dailynewsegypt.com/2016/06/08/has-al-sisi-put-egypts-economy-on-the-right-track/
Breaking News

No current breaking news

Daily News Egypt Android App Available for free download on Google play
View
Daily News Egypt Ios App Available for free download on APP Store
View