{"id":16587,"date":"2023-01-30T08:30:39","date_gmt":"2023-01-30T06:30:39","guid":{"rendered":"https:\/\/zawia3.com\/?p=16587"},"modified":"2026-10-05T08:44:31","modified_gmt":"2026-10-05T06:44:31","slug":"the-army-empire","status":"publish","type":"post","link":"https:\/\/zawia3.com\/en\/the-army-empire\/","title":{"rendered":"Everything We Know About the Egyptian Military’s Economic Empire"},"content":{"rendered":"

On January 10, the IMF published its experts’ report<\/a> on Egypt’s new loan agreement worth three billion dollars, and in its annex the memorandum of economic and financial policies that the Egyptian government pledged in exchange for the loan. Among the lines of the memorandum sits a commitment no Egyptian government has ever signed before an international body: that “the definition of the state” in the state ownership policy document would include all entities wholly or partially owned by a state-affiliated body regardless of the institutional framework under which they were established, that companies owned by the military are named explicitly among what this definition covers alongside public sector and public business sector companies and economic authorities, that tax exemptions for all these entities would be lifted, and that they would submit semi-annual financial accounts to the Ministry of Finance for public release, and that their senior officials would submit asset disclosures, according to a reading<\/a> by Yezid Sayigh, researcher at the Carnegie Middle East Center, of the report and memorandum. President Abd El-Fattah Al-Sisi had adopted the state ownership policy document on December 29, days before the publication of the agreement that treats it as a structural benchmark for assessing compliance.<\/p>\n