Egypt Nationalises Ahead of Regional War
The Gulf appears to be backing Cairo's protectionist measures.
On 7 September, the Egyptian government unveiled the National Narrative for Economic Development, a strategic framework aimed at strengthening export-oriented sectors and attracting private investment. The Minister of Investment and Foreign Trade announced new protective measures to shield foreign trade from global volatility, while the government pledged support for struggling factories through loans at a 15% interest rate. These policies signal a shift towards state-led intervention, raising the prospect of nationalisation as Cairo contends with mounting external pressures from Israel and Washington. With regime stability remaining the paramount concern, President Abdel Fattah al-Sisi’s administration appears to prioritise domestic control over liberal market reform, reflecting a political economy driven by survival.
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