Why Egypt's Economy Matters | Economy of Egypt | Econ

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  • Опубліковано 17 тра 2024
  • Egypt's economy is complex, with historical significance 📜, strategic importance 🌍, and modern challenges 🚧. The transition from a state-controlled to a market-oriented economy has been slow, hindered by military influence that stifles private investment 🚫. Egypt relies mainly on agriculture 🌾, media 📺, petroleum imports 🛢️, natural gas 🔥, and tourism 🏛️. It is a regional power in North Africa, the Middle East, and the Muslim world 🌍, and a middle power globally 🌐. The Suez Canal 🚢 is a major strategic asset and a key source of foreign reserves, along with tourism. Infrastructure projects have created jobs but had mixed results 👷‍♂️, while high inflation 📈, currency devaluation 💸, and rising debt costs 📉 strain the economy. Efforts to digitize and boost the start-up scene 💻 show promise, but sustainable growth needs stronger pro-market reforms. Social and economic pressures, including high poverty rates, require urgent political and economic changes ⚖️. #egypt #egypteconomy #economy #egyptcrisis
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КОМЕНТАРІ • 611

  • @econYT
    @econYT  22 дні тому +25

    Support my research and projects: ko-fi.com/econyt
    Hi! Awesome people of the internet.
    -Comments and suggestions are welcome.
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    • @theprimest
      @theprimest 22 дні тому +2

      So glad you did a video on Egypt if you want to do a collab I think it would be pretty sick!

    • @penderyn8794
      @penderyn8794 21 день тому +4

      You are taking shots at Nasser .... For stifling innovation and market forces.....
      But he was the one who built the vast housing projects to keep the poor with a roof over the head and not having a revolution every 2 years. Also don't forget under this system they built the energy infrastructure. There is a balance in life. I don't agree with Nasser working with the USSR or other policies.... But you should take into account the basic infrastructure isn't always built under certain forms of capitalism

    • @Rabolisk
      @Rabolisk 11 днів тому

      @@penderyn8794 He had no choice but to work for the USSR after the US, UK and France pulled funding for the Aswan dam.

    • @NW-ek6ff
      @NW-ek6ff 14 годин тому

      0:44 It’s not the middle east. It’s the center. To middle east this means that Europe is the center and this is not true

    • @NW-ek6ff
      @NW-ek6ff 13 годин тому

      2:06 this is not the problem. It’s the corruption of the military and the militarization of the ruling

  • @KareemMAX
    @KareemMAX 13 днів тому +262

    Watching Egypt advancements in the energy sector from Cairo while the power is cut off.
    Nice

    • @alielabd3352
      @alielabd3352 9 днів тому +16

      يا زميلى الدوله عاوزه تصدر الغاز اللي عندها عشان الدولار ،يعني الساعتين بيوفره فلوس كتير ،فعشان كدا الدولة بتعمل محطة الطاقة النووية لتوليد الكهربا وفيه استثمار سعودي في الصحراء (المراوح)

    • @winter_soldierr
      @winter_soldierr 9 днів тому

      @@alielabd3352 هو طبيعي اننا نوصل لمرحله ان نقطع الكهربا ساعه او اتنين يوميا عشان نوفر دولار ؟

    • @midogaming2141
      @midogaming2141 8 днів тому

      @@alielabd3352بكرة الساعتين يبقو ٥ و٦. هتقدر بقا تكمل الدفاع دا؟ حاجة خيبة وكله بحساب الشعب والغلابة

    • @elhamrgb1743
      @elhamrgb1743 8 днів тому

      😂😂😂😂😂😂​@@alielabd3352

    • @M7MDX155
      @M7MDX155 8 днів тому +22

      ​@@alielabd3352 لما ينتهي المشروع هتقطع برضو دا السيسي🤕

  • @thedeceit-qh6mf
    @thedeceit-qh6mf 22 дні тому +578

    Every state has an army. in egypt and pakistan army has a state.

    • @fesyuki-kun2332
      @fesyuki-kun2332 22 дні тому +27

      America??
      Israel??
      Russia???

    • @alaa2227777
      @alaa2227777 21 день тому

      Try to stop watching western media, as they made u stupid enough to say something like this

    • @OmarHatem-tp8hg
      @OmarHatem-tp8hg 21 день тому +47

      We are a country encircled by conflicts on all sides, in an unstable region where a strong army is essential for maintaining our security and stability. Under previous governments. Projects that once took 10+ years due to embezzlement and corruption, which was rampant now take just 3 years to complete under the current administration. The presence of military oversight has been crucial in reducing corruption.

    • @user-ed5ml1qq2f
      @user-ed5ml1qq2f 21 день тому +28

      Without that army no Egypt,we are floating in a sea of conflicts, can't hide the truth when 2011 happened, the army and other governmental institutions keep the state resilient and stable

    • @fesyuki-kun2332
      @fesyuki-kun2332 21 день тому +32

      @@user-ed5ml1qq2f Egypt foundationally needs an army just like a lot of nations what we failed to do is make the army just that "an army" not the leadership + business planner + education developer + the high class + basically everything where they aren't even actual scientists or business and in the egyptian education system being a soldier is LITERALLY the least qualified u can get
      All of that means that you should let everyone who understands what he's doing handle his thing not all under the interest of one party no matter who it is

  • @AyanoVl
    @AyanoVl 16 днів тому +88

    . talk more about Egypt

    • @aaserelsawah6581
      @aaserelsawah6581 6 днів тому

      As an Egyptian, there is a lot I can say about my opinion and outlook on Egypt in the future and currently

  • @theprimest
    @theprimest 22 дні тому +242

    Imagine if Egypt gets a hold of its potential and runs its economy with good management, the economy could blossom if it's fully set free with increased manufacturing initiatives

    • @maxwind7658
      @maxwind7658 22 дні тому +18

      It’s harder than it seems, your argument misses all of the nuance that comes with “good” management

    • @MoDy-ot1dw
      @MoDy-ot1dw 21 день тому +17

      Yes but egypt have alot of materials, good location, good demographic, alot of good tourism sites and ect.. if somehow hypothetically they able to utilize all there advantages they could easily surpass European countries .

    • @mostafaelborgy7889
      @mostafaelborgy7889 21 день тому

      @@MoDy-ot1dw not long ago , it was :)

    • @Mai_TS--_--
      @Mai_TS--_-- 21 день тому +5

      ​@@MoDy-ot1dwlots of materials 😂😂😂 Egypt is literally the African South Korea with little to no actual resources other than oil and gas

    • @Themanhimselftherealguy
      @Themanhimselftherealguy 20 днів тому

      Failed geography class?

  • @redstream1237
    @redstream1237 22 дні тому +325

    Military's influence on any country's economy or politics is disastrous for any country on Earth

    • @fesyuki-kun2332
      @fesyuki-kun2332 22 дні тому +2

      Next is america

    • @OmarHatem-tp8hg
      @OmarHatem-tp8hg 21 день тому +19

      We are a country encircled by conflicts on all sides, in an unstable region where a strong army is essential for maintaining our security and stability. Under previous governments. Projects that once took 10+ years due to embezzlement and corruption, which was rampant now take just 3 years to complete under the current administration. The presence of military oversight has been crucial in reducing corruption.

    • @Teutathis
      @Teutathis 21 день тому +1

      ​@@OmarHatem-tp8hgYou're collapsing under your massive debt brought on by building a new "Capital" for the military to milk money out of. What on earth are you on about?

    • @racheddar
      @racheddar 21 день тому +40

      ​@@OmarHatem-tp8hgI'm doubled over laughing from this gibberish.

    • @3araab1
      @3araab1 21 день тому

      Without military Egyptian would still be under occupation or terrorists control. Egyptian would be still slaved workers to western greed, remember 120,000 Egyptian died digging Suize canal

  • @mojbr704
    @mojbr704 13 днів тому +15

    Egypt deserves to be one of the top 10 countries leading the world in every aspect, based on history, population and location

    • @chillout914
      @chillout914 11 днів тому +4

      it does not matter history or any BS every country needs to do a reality check and have smart people to rule , no country can be poor that is the biggest lie any country can have decent economy if you have good leadership at least .

    • @mohammeduzair7796
      @mohammeduzair7796 8 днів тому

      Look at Egypt's geographical location it is filled with conflicts on all fronts

    • @yusufmohammed9839
      @yusufmohammed9839 8 днів тому

      That's totally right
      Most African countries are led by European's employees (presidents) ​@@chillout914

  • @MohammedR-fk2ju
    @MohammedR-fk2ju 21 день тому +48

    This is the most accurate video on the current state of the Egyptian economy I have seen

    • @mewmannamwem6087
      @mewmannamwem6087 9 днів тому +2

      no its not

    • @user-nc7em2ph8g
      @user-nc7em2ph8g 8 днів тому

      يا رجل انا اتعزب في القرأة كيف تستمتع هاكذي😂

  • @AmmarShahin
    @AmmarShahin 8 днів тому +15

    As an Egyptian, this is the most accurate, well-informed report on the Egyptian economy I've seen in a while.
    Just so you know, the inflation rate is much higher than the official number.
    Thanks, Econ 👏

  • @elect90
    @elect90 21 день тому +86

    "Egypt has more energy than it can use." Not true at all. There is a power outage in every household for two hours daily in Egypt for the last 8 months.

    • @abdulrahmanahmedmahmoud2622
      @abdulrahmanahmedmahmoud2622 20 днів тому +102

      No, he is right. We have more energy, but we sell it and stay without it so we can afford our debt as the new capital is getting ready for the important people.

    • @daritghal7137
      @daritghal7137 17 днів тому

      With this government Egyptians are at the very bottom of their priorities...

    • @AmSeris
      @AmSeris 17 днів тому +5

      Not every household. Some new area or suburbs are exempt. Like Shorouk, Borg el Arab, Madinity and presumably Alamein, NAC

    • @mahmoudshawky4651
      @mahmoudshawky4651 16 днів тому +2

      @@abdulrahmanahmedmahmoud2622 you are totally right

    • @amrreda4844
      @amrreda4844 15 днів тому +6

      This is not due to a lack of energy, but rather due to a lack of foreign exchange and a large amount of debt. The government sells gas in Europe instead of sending it to power plants in Egypt

  • @metro9128
    @metro9128 17 днів тому +10

    as egyption, we are just so unlucky pray for us ❤️😢

  • @steammonir2053
    @steammonir2053 7 днів тому +6

    the man in video talking : Egypt is one of the most powerful countries in africa .
    Me living in Egypt : why can't I even shower for 1 minute before the lights and the water go out :(

  • @user-bp6gp1zr1t
    @user-bp6gp1zr1t 2 дні тому +2

    لم أتوقع أن يأتي اليوم الذي أعيش فيه وأرى نعي بلدي مصر.😢😢

  • @AbdEl-Rahman_Walid
    @AbdEl-Rahman_Walid 7 днів тому +7

    Thanks for the good information!

  • @abdulrahmanahmedmahmoud2622
    @abdulrahmanahmedmahmoud2622 20 днів тому +21

    Thank you, sir, for educating me
    I really appreciate it
    I am from Egypt but It would be beneficial to get an outsider view of our situation
    meanwhile your honest and telling the truth

    • @OmarHatem-tp8hg
      @OmarHatem-tp8hg 17 днів тому +5

      متصدقش أي حاجة عامة، غير لما تعرف مين الي بيموله لأنه هيكون ماشي في توجهه، وارد تكون بتخدم جهاز مخابرات ما أو أجندة أمريكية أو صهيونية

    • @nadanabil3412
      @nadanabil3412 17 днів тому +1

      His data is not accurate, not for everything..

    • @fiikrian
      @fiikrian 8 днів тому

      ​@@OmarHatem-tp8hg طيب مش ده الي احنا عايشينه دلوقتي؟
      حاسة كلامه موضوعي

  • @Kaito1417
    @Kaito1417 2 дні тому +1

    Egypt is like that one kid with lots potential that isn't being used. i genuinely believe it would be one of the best countries if it had better management and better education.

  • @AhmedNour-wh1fc
    @AhmedNour-wh1fc 21 день тому +51

    its also hard to focus your economy when you have wars happening on all your borders : Gaza , Sudan and Libya. and issues with some local extremes groups

    • @asoliman9
      @asoliman9 21 день тому +17

      Hahahaha 😂
      As if corruption and military control just happens and it is not a planned policy!

    • @OmarOsman98
      @OmarOsman98 21 день тому +5

      The security issues certainly affect tourism and of course the Suez Canal revenues. Egypt must focus on selling state assets and slowly reducing government spending.

    • @OmarOsman98
      @OmarOsman98 21 день тому +4

      @@asoliman9Military control of the economy is slowing growth.

    • @alaa2227777
      @alaa2227777 21 день тому

      ​@@asoliman9 it happens when the mob is stupid enough to shame their country for looking funny

    • @danisraelmalta
      @danisraelmalta 20 днів тому +1

      Non of these wars include Egypt.

  • @JamestownBen
    @JamestownBen 15 днів тому +167

    *I love the grounded reality of this channel!!!*
    Retirement took a toll on my finances, but with my involvement in the digital market, $27,000 weekly returns has been life changing. AWESOME GOD❤️

    • @JamestownBen
      @JamestownBen 15 днів тому

      Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!

    • @ClarenceColeman-oh8yi
      @ClarenceColeman-oh8yi 15 днів тому

      I'm 37 and have been looking for ways to be successful, please how??

    • @ClarenceColeman-oh8yi
      @ClarenceColeman-oh8yi 15 днів тому

      Wow that's huge, how do you make that much monthly?

    • @JamestownBen
      @JamestownBen 15 днів тому

      Thanks to my co-worker (Alex) who suggested Ms Maria Angelina Alexander.

    • @JamestownBen
      @JamestownBen 15 днів тому

      She's a licensed broker in the states 🇺🇸

  • @mostafaabdallah5033
    @mostafaabdallah5033 3 дні тому

    As an Egyptian i can say you have explained the tough economic situation we are facing in a nutshell, well done!

  • @cherifahmed2238
    @cherifahmed2238 18 днів тому +12

    This is in my humble opinion the most accurate and fair video on the economy of egypt. Thank you

  • @producedbypodcast
    @producedbypodcast 22 дні тому +7

    Great video, really enjoy your geography content. Keep it up!

  • @ashiinsane90
    @ashiinsane90 21 день тому +7

    you nailed all points, informative video. well done

  • @jz1607
    @jz1607 13 днів тому +57

    Unfortunately, many people don't understand the real problem of Egypt.
    Egypt, for more than 30 years during Mubarak's era, has ignored aggressively the infrastructure and the local manufacturing and relied heavily on importing.
    During Mubarak's era, in 1981, Egypt population was nearly 45m and the 1 EGP costed 0.7 USD.
    In 1990, Egypt foreign debt has been dropped when it helped Kuwait and despite this, Mubarak left Egypt in 2011 with more than 75B in debt and the population became 90m. USD 5.5 EGP!
    So Mubarak, in 30 years, not only destroyed the EGP but also gained more than 70B in debt since 1990s and no one knows where the money has gone since the country was facing tremendous problems and the job market was near zero. Yes prices were lower than today, but the unemployment rate was very high and salaries were super low..
    Today in 2024, we are nearing 115m people, can you imagine a growth of 25m people in just 13 years?!
    The reason why Sisi gave all the projects and the infrastructure upgrade to the military is because they work non stop by order. And there was no way for the private sector to do such work without making profits which was way out of budget for Egypt.
    Everyone knows that from 2014 until today the country went through major changes and upgrades in the infrastructure, but the only way to do that in short time was to take a risky plan which unfortunately didn't play well with the global and regional instability.
    In 2019, Egypt was put ahead on the map. The EGP went from 19s (Dec 2016) to 15s (2020) and the country was truly on the right road but Covid, region instability and Russian war caused all investors to pull out their money and Egypt didn't have enough USD to cover its debt and expenses.

    • @neolithictransitrevolution427
      @neolithictransitrevolution427 12 днів тому +14

      You sum it up nicely in your last paragraph, but I think it's almost unfair to call all the new infrastructure and projects risky. Who could have expected that global shipping AND tourism would have disappeared because of a global pandemic, and immediately after both it's largest food suppliers would go to war with eachother, and at the same time Lybia, Sudan, and Yemen would increase the intensity of civil wars to the point of targeting regional trade, and Israel and Palestine would go to war halting off shore gas development.
      No country has been dealt a worse hand imo.

    • @norhanabdo2997
      @norhanabdo2997 11 днів тому +6

      لخصت كل حاجة صح الصح سواء مختلفين في الرأي او متفقين

    • @Belomoh6
      @Belomoh6 11 днів тому +4

      This is a perfect brief, it’s not biased but balanced and helpful.
      Thank you

    • @husseinmohamed1519
      @husseinmohamed1519 9 днів тому +2

      👏👏👏

    • @OmarHatem-tp8hg
      @OmarHatem-tp8hg 8 днів тому +1

      you summed it up very well

  • @AhmedSamy87
    @AhmedSamy87 4 дні тому

    As an Egyptian, I find this coverage is quite accurate and focusing on the real short-coming and problems

  • @user-dm4gw5tr5m
    @user-dm4gw5tr5m 5 днів тому +2

    The last 1 minute is the conclusion to what Egypt facing right know

  • @amaradnan7751
    @amaradnan7751 22 дні тому +9

    Can you do a video on Ethiopia's economy

  • @ahmedelselly2553
    @ahmedelselly2553 8 днів тому +4

    I wanna know why put Arabs video in content of Egypt making Egyptians look like arabs? 0:52
    We never ever wore that Khaleji outfit

  • @Msyo_Jaber
    @Msyo_Jaber 4 хвилини тому

    متشكرين ياععم على شرح الحلو عنين معكم اخوكم من مصر

  • @samialhashem8411
    @samialhashem8411 3 дні тому +2

    Maaaan .. al sisi is tearing Egypt apart

  • @fesyuki-kun2332
    @fesyuki-kun2332 22 дні тому +78

    As an egyptian I can proudly say that, everyone tried to control us and our importance (have history read :3) but they all failed
    Trust me the people will wake and we will thrive again

    • @MrJoeSomebody
      @MrJoeSomebody 21 день тому

      I’m Egyptian too and I’m sorry but you’re way too optimistic. We’ve been controlled successfully for centuries. And now that we rule our selves we’ve effectively turned into a failed state. Future is not bright at all.

    • @noescape7864
      @noescape7864 20 днів тому +1

      نستيقظ من اي

    • @flaror3496
      @flaror3496 20 днів тому +3

      ​@@noescape7864من حكمنا الفاشل هذا

    • @noescape7864
      @noescape7864 20 днів тому +1

      @@flaror3496 طب احنا مالنا بيكم !؟

    • @flaror3496
      @flaror3496 19 днів тому +3

      @@noescape7864 سبيل من وجود الفساد هو من أيده

  • @mousaahmed4040
    @mousaahmed4040 20 днів тому +15

    ممتاز جدا الاستمراريه ياجماعه منصات زي كده ومواقع التواصل كل ده بيعمل ترويج للسياحه❤ ياريت نشر الفيديوهات اللي باللغات المختلفه دي الي دوال الخليج مترجمه

    • @abdulrahmanahmedmahmoud2622
      @abdulrahmanahmedmahmoud2622 20 днів тому +1

      ياعم مابيقولك السياحه مش جايبه همها وشغلانه قايمه على التعريص خمره و زنا ونجاسه

    • @mom34443
      @mom34443 20 днів тому +2

      كيف يعني ترجمتها إلى دول الخليج 🤔 !؟

    • @mousaahmed4040
      @mousaahmed4040 20 днів тому

      @@mom34443 قصدي يعني نشر الفيديوهات اللي باللغات الانجليزيه تنزل الي دوال الخليج مترجمه باللغة العربية بس ممكن اكون كتبت غلط في التعليق معلش حقك عليا في الغلطه دي

  • @salahnasar1596
    @salahnasar1596 2 дні тому +1

    Thank you man

  • @wwhossane
    @wwhossane 19 днів тому +3

    minimum wage in Egypt starts at 4-5 dollars a day (6 days a week)

    • @ItsLofty101
      @ItsLofty101 18 днів тому +2

      I mean, have you ever heard of PPP?

  • @ZeyadKebal
    @ZeyadKebal 7 днів тому +3

    Thank you for talking about Egypt, it's very hard to live in Egypt these days not how that economy is going down all thanks to our evil president but economy is very bad that they almost doubled the prices in the last year and they cut electricity 2 hours every day to "save money" , these days people just want to get enough money and get out of Egypt, it's heartbreaking what happened to our great country

  • @stepcipher2849
    @stepcipher2849 6 днів тому +1

    I don't know how we have more energy than we can use if we get frequent power cutouts and fuel is becoming more expensive almost every 2 months

  • @kingsford5555
    @kingsford5555 20 днів тому +3

    Great work but I found the background audio beginning at 7:22 to be distracting, repetitive, and even annoying (the longer it continued the more annoying it got). I wish the channel well. Maybe it's just me but if others feel the same it might be something to look at. Thank you though for creating these.

  • @LG-bs1rs
    @LG-bs1rs 22 дні тому +21

    Informative Video!

  • @SomeFactsYouMightNotKnow
    @SomeFactsYouMightNotKnow 22 дні тому +4

    @econ uploaded
    Now i cant sleep until i watch this video 😂

  • @Verdeverso
    @Verdeverso 17 днів тому +6

    Amazing! Egypt's economy will rise in the coming years!

  • @abdelra7man87
    @abdelra7man87 22 дні тому +4

    Agree!

  • @soka6oct
    @soka6oct 15 днів тому

    Very good economic analysis
    Appreciated 💐

  • @mekky16
    @mekky16 12 днів тому +2

    you forgot to mention the daily power cut-off hours that's going on for more than a year

  • @mohamedabdalnaem9776
    @mohamedabdalnaem9776 10 днів тому

    Thanks for making the video

  • @user-rv1bl4nm5b
    @user-rv1bl4nm5b 15 днів тому +3

    Egypt are shinning ❤

  • @Atheist_Indian
    @Atheist_Indian 20 днів тому +8

    Ever nation has an Army but in Egypt , Pakistan and Myanmar an Army has a nation

    • @mohammeduzair7796
      @mohammeduzair7796 8 днів тому

      Well it's true for Pakistan and Myanmar
      Egypt's case is a little different
      Egypt :makes investments by taking loans
      Investment get good profit economy booms investment don't get good profit economy goes down
      That's how it has been for decades now

  • @elmasrymohamed5716
    @elmasrymohamed5716 15 днів тому

    Thank you

  • @user-ev5vp7tf7q
    @user-ev5vp7tf7q 16 днів тому +18

    حفظ الله مصر وشعبها 🇪🇬

    • @logoutpupg6651
      @logoutpupg6651 16 днів тому +1

      يسطا هو الفيديو بيتكلم عن اي

    • @user-ev5vp7tf7q
      @user-ev5vp7tf7q 15 днів тому +1

      @@logoutpupg6651 في ترجمه علي الفديو عامة هوا بيتكلم علي موقع مصر وتاريخها وكدا يعني

    • @ahmedshawky98
      @ahmedshawky98 15 днів тому

      @@logoutpupg6651 🤣🤣🤣🤣🤣

    • @medoamir8253
      @medoamir8253 13 днів тому

      اقتصاد مصر​@@logoutpupg6651

    • @Belomoh6
      @Belomoh6 11 днів тому

      Ameen

  • @bigabz12
    @bigabz12 17 днів тому

    Perfect

  • @mostafasabra1286
    @mostafasabra1286 15 днів тому

    عندك حق والله

  • @himojohnson161
    @himojohnson161 14 днів тому +2

    Since almost a year ago, the electricity gets cut off for 2 hours or more daily to conserve energy. What do you mean it has more power than it needs ?!?

    • @mustafamarghany
      @mustafamarghany 14 днів тому

      اللي عندنا حراميه

    • @hshdss1318
      @hshdss1318 12 днів тому +4

      ماتعرفش؟ مص بتصدر الكهرباء للأردن و ليبيا و بتصدر الغاز لكل أنحاء العالم و بعد كده ييجوا يقطعوها هنا

    • @Belomoh6
      @Belomoh6 11 днів тому

      We sell fkn power to other countries
      Are y’all slow?

    • @Belomoh6
      @Belomoh6 11 днів тому +1

      @@mustafamarghany
      We need foreign currencies*

    • @mohammeduzair7796
      @mohammeduzair7796 8 днів тому

      Government sells that power to pay off debt

  • @Akram_Sedqi
    @Akram_Sedqi 7 днів тому

    Listen to the video from Egypt and I wish to go to Egypt, which is in this video

  • @TheVirumXD
    @TheVirumXD 10 днів тому +1

    “Egypt has more energy than it can use” such a BS statement…

  • @FatahChan
    @FatahChan 19 днів тому +10

    Egypt has alot of energy? They cut off the power everyday for 2 hours

    • @imjoeim
      @imjoeim 12 днів тому +3

      No, he is right. We have more energy, but we sell it and stay without it so we can afford our debt as the new capital is getting ready for the important people.

    • @hopeman7717
      @hopeman7717 11 днів тому

      Do you mean the social housing projects that exist in almost every governorate? Do you mean the “Decent Life” projects that go to every village and center in Egypt? Do you mean the Hepatitis C treatment project? Do you mean investments in dilapidated infrastructure that changed the view of Egypt on companies around the world, and many companies now want to build their factories in Egypt? In fact, you are ignorant or ignorant. By the way, the capital and other cities are supposed to become financial centers and headquarters for international companies and services, and not just empty buildings. Try to look more closely.​@@imjoeim

    • @Belomoh6
      @Belomoh6 11 днів тому

      We do have a lot of energy
      We sell a lot of it

    • @Amr_Draz1
      @Amr_Draz1 2 дні тому

      ​@@imjoeimshut up, don't speak like a poor mind , egypt solved the electricity and energy power from 5 years ago the problem now because the problem around the world effect on our economy.

    • @imjoeim
      @imjoeim 2 дні тому

      @@Amr_Draz1 no, stupid. what affect our economy doesn't drain gas resources in the Mediterranean. use this thing 🧠next time

  • @ranahegazy
    @ranahegazy 9 днів тому

    Good job

  • @AliAldouh
    @AliAldouh 10 днів тому

    Egypt mother of the world 🇪🇬❤️

  • @YehiA-gy3tk
    @YehiA-gy3tk 17 днів тому

    It is good that you are an Arabic translator. I really like this comment from Google Translate😂😂😂😂❤❤❤❤❤❤❤
    ❤❤❤❤Thank you very much

  • @Marcos.El.Masryyy
    @Marcos.El.Masryyy 21 день тому +4

    🇪🇬🇪🇬🇪🇬🫡🫡🫡

  • @greginggreg6234
    @greginggreg6234 2 дні тому

    هعيط بجد

  • @mostafasabra1286
    @mostafasabra1286 15 днів тому

    عندك حق والله ط

  • @trenchcoatbrigade698
    @trenchcoatbrigade698 11 днів тому +1

    Cool AI voice. Definitely a British person making these videos 😂😂

  • @alaa_Rushdi
    @alaa_Rushdi 2 дні тому

    You should know that the electricity gets cut off everyday in all of Egypt for at least one hour right now it gets cut off at about 6PM before it used to be 12PM which is top demand period. It's all plummeting. Everything you mentioned in the video from tourism to economics to inflation..It's all going downward

  • @abdoxsauke9701
    @abdoxsauke9701 6 днів тому

    Egypt has the largest GDP in Africa, with a GDP estimated at $493 billion in 2023

  • @meclov
    @meclov 2 дні тому

    5:19
    Energy? If we had Energy, the lights won't keep cutting out 💀

  • @shalabypharmd4137
    @shalabypharmd4137 18 днів тому

    "And We gave understanding of the case to Solomon" hint hint

  • @memeayman6627
    @memeayman6627 13 днів тому

    In conclusion, it's like north korea but with some mercy

  • @gilberttello08
    @gilberttello08 21 день тому +1

    👌👌

  • @Nerinav1985
    @Nerinav1985 11 днів тому

    " I am Egypt and Egypt is your's"
    - Cleopatra

  • @thenabilamrani
    @thenabilamrani 10 днів тому

    I always wondered why Egypt’s economy matters hhh

  • @EconomicSavant
    @EconomicSavant 22 дні тому +11

    Egypt

  • @ghamouda
    @ghamouda 6 днів тому +1

    I'm glad to see do many trolls working for the Egyptian government. At least someone in getting job.

  • @soufianeragragui362
    @soufianeragragui362 16 днів тому +1

    Talk about Morocco

  • @user-pf1od6ot2h
    @user-pf1od6ot2h 7 днів тому

    Wrong information: Suez Canal revenues amounted to approximately fifteen billion dollars, and Suez Canal revenues amounted to more than 9 billion dollars.

  • @ghamouda
    @ghamouda 6 днів тому +1

    Where exactly these figures came from? Egyptian economy has been in the gutter for few years now .

  • @Eyad_Negm
    @Eyad_Negm 8 днів тому

    I remember when e.g pound = 6 usa dollars now usa dollar=47,5 e.g pounds 😢

  • @michaeltawfik3156
    @michaeltawfik3156 9 днів тому +1

    Even though a lot of what has been said in the video is true, Western media continues to show pictures of Egypt either from 50-100 years ago or depict what I call "poverty-inhabited locations" (the pyramids, camels, low-income people in humble clothes, crowded areas, and traffic lights). This perpetuates the Western ideology that Africa, and specifically North African communities, are poor.
    Now, I'm not saying that all Egyptians are rich or living in fancy apartments or villas in residential compounds. But at least be fair and show that there is diversity and that there are lower, middle, and upper classes. Be fair and show all sides. Acknowledge what the Egyptian government has achieved in the last 10 years, including building a new capital, constructing 30 new cities around the country, establishing factories and companies, and developing the new Suez Canal.
    Show the whole picture and stop perpetuating the stereotype of Egyptian people as poor Arabs still riding camels!

  • @user-zw2ri3hm4j
    @user-zw2ri3hm4j 4 дні тому +1

    This president is insane 😂😂😂

  • @Khairat79
    @Khairat79 21 день тому +1

    Stats and numbers are inaccurate in the first half of the video.

  • @aymanabdelaziz6514
    @aymanabdelaziz6514 21 день тому +6

    Two years and we shall make it.....

    • @Abdelrahma.
      @Abdelrahma. 21 день тому +2

      Lol

    • @MK-rx2fj
      @MK-rx2fj 20 днів тому +5

      ​@@Abdelrahma.😂 just another 75 years

    • @Abdelrahma.
      @Abdelrahma. 20 днів тому

      When bitter reality becomes a joke

    • @daritghal7137
      @daritghal7137 17 днів тому +1

      The 2 years reset every 2 years 🙂

    • @norhanabdo2997
      @norhanabdo2997 11 днів тому +2

      ادوني سنة بس وانتو هتشوفوا مصر دي بقت فين سنة بس

  • @theodore935
    @theodore935 21 день тому +4

    Egypt has more resources and relatively peaceful than israel still it is poorer than israel in terms of gpd and gdp per capita.

    • @nisrmasry2134
      @nisrmasry2134 21 день тому +1

      Because of Corruption and Thefts in all levels of Administration in Egypt.

    • @nisrmasry2134
      @nisrmasry2134 21 день тому +3

      Also, neglecting the people of experience and efficiency meanwhile supporting the people of trust but with no experience or efficiency !!

    • @my5092
      @my5092 18 днів тому +2

      Isreal gets tons of money from the usa while egypt dont

    • @ahmadradwan5914
      @ahmadradwan5914 17 днів тому

      😂😂😂😂

    • @chumtoad14
      @chumtoad14 14 днів тому +1

      ​@@my5092Egypt gets billions of dollars from the USA every year.

  • @shikarkarony
    @shikarkarony 21 день тому +6

    The video ignored the essential challenges, it’s completely normal and needed to have the military taking care of everything when Egypt is surrounded with wars from every direction.
    Egypt fought terrorism for 10 years that was supported by multiple intelligence agencies and won.

  • @whoami-xx3cw
    @whoami-xx3cw 16 днів тому +2

    Egypt is hell

  • @peternguata4609
    @peternguata4609 22 дні тому +5

    Do one on kenya

    • @Izzy_B241
      @Izzy_B241 22 дні тому

      he did

    • @peternguata4609
      @peternguata4609 21 день тому +1

      @@Izzy_B241 I would like another one with more history

    • @Izzy_B241
      @Izzy_B241 21 день тому +1

      @@peternguata4609 Kenya’s economy has performed well but it’s still not at the level that gives global significance the day Kenya becomes part of or a significant cog in the supply chain of global industry this videos will become common place. My thinking is Kenya’s relative advantage in the tech sector that’s the ticket

    • @peternguata4609
      @peternguata4609 21 день тому

      @@Izzy_B241 What advantage in the tech sector?

    • @peternguata4609
      @peternguata4609 21 день тому

      @@Izzy_B241 I always thought Kenya was one of Africa's best performing countries. Looks like we have quite the journey in front of us.

  • @shlomomarkman6374
    @shlomomarkman6374 17 днів тому +2

    Egypt continues to have many problems, most of which are self-imposed.
    This starts with 30% adult illiteracy due to very poor education system. A population so undeducated as to not be able to read can't be employed even in simple manufacturing so the economy depends on sectors such as shipping and tourism. Tourism is hampered by security problems from terrorism and crime - a consequence of the poor education system.
    Now, the shipping industry , i.e. Suez canal is destroyed due to the war creating a double whammy. No revenue from the canal and increased shipping costs of goods as without the canal Egypt is the end-point instead of a hub
    BTW, the government of Egypt has significant role in the breaking of the war. All those weapons and missiles didn't magically appear, they were transported through Egypt and the government encouraged that.

    • @bloxinaron3803
      @bloxinaron3803 7 днів тому

      That last paragraph is just not true and not possible. Guns and rockets supplied to hamas have no way of entering through Egypt, as it has fought for many years against terrorism in Sinai caused by Hamas. So, why would Egypt make it possible for them to start a war that’s not in Egypt’s favor?
      Iran is Hamas’ sponsor and it’s the country that provided it with artillery and continues to support it through this war. Iran has great benefits in such a war and it has ambition to completely destroy the Middle East.

  • @cocothefly
    @cocothefly 22 дні тому

    Why did you remove Western Sahara from your map ?

  • @mahafadalah8458
    @mahafadalah8458 15 днів тому

    Military influence is the cause of failure in Egypt ruling a country needs good education and good political and economic minds

  • @georgew7405
    @georgew7405 15 днів тому

    I'm from Egyptian and I speak the language. 4:51 our president DID NOT mention Ethiopia, he was talking about the terrorist attacks from Isis. We never had anything to do with Ethiopia.

    • @Belomoh6
      @Belomoh6 11 днів тому

      "بلاش انك توصل انك تمس نقطة مياه من مصر"
      He was talking about etiopia and water when he was holding the mic, the one with trump is about isis
      Although he did not mention ethiopia or ISIS by word exactly

  • @dodoakl4557
    @dodoakl4557 14 днів тому

    As Egyptian I said god with us

  • @ahmadradwan5914
    @ahmadradwan5914 17 днів тому

  • @thegamingworld8871
    @thegamingworld8871 10 днів тому

    5:18 😂😂😂 more energy than we could use bro in some places the power goes out daily for 2 hours

  • @owis2001
    @owis2001 13 днів тому

    I see it naive from these reports who say that the problem is in the system itself, of-course there are problems but when you put factors like terrorism ,war in Palestine ,war in Libya in prospective the situation become easier to explain , like for example take the effect of Flight 9268 accident 2015 in prospective and see the effect that happened in 2016 and every downfall now makes sense

  • @FnaftheUltimateking2
    @FnaftheUltimateking2 12 днів тому

    ‏‪0:55‬‏ and occpietion

  • @neolithictransitrevolution427
    @neolithictransitrevolution427 22 дні тому +7

    Probably should be mentioned that Egypt is fighting an insurgency in Sinai. And has active conflicts on its Borth East border (Gaza), south (Sudan), and West (Lybia), along with the issues in the Red sea.

  • @simonadams4857
    @simonadams4857 17 днів тому +4

    Unless I missed it, there is massive issue that will NEVER allow the Egyptian economy to recover; it is called the population explosion. Until Egyptians understand the concept of birth control, no amount of economic development can ever sustain them. Each male and female produce on average 6 kids in a backward and stale economy. This is the biggest disaster that is sufficient to kill off any economy let alone a moribund one like Egypt’s.
    Without 2040 or 2050 vision, they have zero chance to upscale their status, they will sadly remain a third world entity worse than Pakistan and Bangladesh combined and a source of malaise to the IMF and world financial system. Though, hunger has not yet set in, it is a prospect to look for in a decade. They will remain a source of cheap, abundant labour for their neighbours and refugees to Europe and developed countries.

    • @zeyadelkilany
      @zeyadelkilany 16 днів тому +1

      No, you are completely wrong Population growth can also represent an opportunity for the economy,
      It creates a large workforce and a huge internal market for products and services.
      It can also stimulate innovation and economic growth.
      The impact of population increase on the economy depends on how this increase is managed by the government.
      If the government can create enough jobs and improve education and infrastructure, the population increase can become a positive factor for the economy.
      But if the government cannot manage population growth effectively, it can become a major burden on the economy and exacerbate problems of poverty and unemployment. For example, look at China or Brazil, both of which have a high population, but we find that their economy is good, and china is even the second largest economy in the world.

    • @simonadams4857
      @simonadams4857 15 днів тому +1

      @Zeyadelkilany: To Zeyadelkilany,
      Precisely the point sir. The government has been unable to manage in any shape or fashion the population explosion in Egypt for the last 80 years; hence, the current catastrophic picture.
      Comparing Egypt with giants like Brazil and China is entirely irrelevant. Egypt is mostly desert incapable of feeding and providing for 20 million people let alone 120 million that they have today. Egypt is primarily a desert with limited natural and agricultural resources. Brazil is mostly green with endless water and agricultural resources, it is 8 times bigger in size than Egypt. Same can get said of China although with careful consideration you will conclude that China is indeed incapable of self-sustaining itself food and resource-wise.
      In the 1970s, China faced same population issue like the Egyptians, when they limited their population growth by introducing the one child policy, they prospered in 30 years and have become an advanced economy. Chinese astute planning and intelligence is a proof that you can’t let population explosion run wild with no control if you are seeking an advanced economy with prosperity. Letting things go provides the current Egyptian status.
      The population explosion in Egypt is driven mostly by insipid religious beliefs that have wrecked the country rendering it a third-world one with limited prospects. Population maintenance requires competent management, something that has never existed in Egypt’s modern history.
      I do however broadly agree with you, that with meticulous management of population growth you can reap the benefits in the long term; only one country has managed to do so competently so far over the last 120 years, it is called the US. 😊

    • @zeyadelkilany
      @zeyadelkilany 15 днів тому

      ​ @simonadams4857 I think you are right about how poorly the Egyptian government is managing population growth, but I was speaking in general about population growth not being a burden, and I can say that with 8 billion people we still need more and since you talked about China, China after implementing Strict birth control policies, especially the “one-child” policy, face many demographic challenges, including:
      Population aging: The one-child policy led to a significant decline in birth rates, leading to rapid population aging. The number of elderly people has increased significantly, while the number of young people has decreased. This changing demographics places a significant burden on the social welfare system and the economy,
      Manpower shortage: With the shrinking number of young people of working age, China faces a labor shortage in some sectors, which may hinder economic growth and greatly affect the country's capacity.
      The Chinese government has realized the seriousness of these challenges and has gradually begun to ease birth control policies.
      However, China's population distribution problems are still far from being resolved.
      The government will need to do more to address these challenges in the long term.
      Some of the negative effects of the “one-child” policy are still being felt, and it may take generations before China is able to address all of the demographic challenges it faces.

    • @simonadams4857
      @simonadams4857 15 днів тому

      @@zeyadelkilanyIt is wonderful to discuss this topic with intelligent minds and thinkers like yourself sir, thank you.
      I fully agree with you regarding the Chinese demographic issues. Their philosophy was simple back in the 1980s: get us developed as fast as possible then we deal with the demographic implications if we develop any. The Chinese developed much faster than they had ever anticipated; and the consequences of development caught them early but not by surprise. It was a trade-off; get me developed at any cost, make me a superpower or near one at any cost, then I deal with the upshot later. Now let’s see how they deal with this huge task rest of this century.
      My point was: if you are an underdeveloped country seeking development without attention to population control, you will not develop in the medium or long term, you will develop in a century the earliest ( Egypt’s scenario). If your objective is getting results soon in less than 30 years then China’s model is a proof.

    • @zeyadelkilany
      @zeyadelkilany 14 днів тому

      @simonadams4857 I would like to thank you very much for this fruitful discussion on China's demographic problem. I really enjoyed exchanging ideas with you, and found your perspective very informative and thoughtful.

  • @Bacon-pq8jc
    @Bacon-pq8jc 10 днів тому

    I'm an Egyptian

  • @logoutpupg6651
    @logoutpupg6651 16 днів тому +1

    الفيديو بيتكلم عن اي يرجاله اصل انا تعليم حكومي لمواخذه

    • @Lolololololollolol-fv5yr
      @Lolololololollolol-fv5yr 13 днів тому +1

      يسطا سبب فشلك مش انك تعليم حكومي.ناس كتير تعليمها حكومي و بتعرف تتكلم انجليزي كويس جدا.

    • @logoutpupg6651
      @logoutpupg6651 13 днів тому

      @@Lolololololollolol-fv5yr لا يصحبي مش سبب فشلي انا جايب 89 في الميه في الثانويه العامه ودخلت كليه حاسبات انا ملقتش حد يديني انجليزي كويس في المدارس ويعلمني ازاي اتكلم واتقن اللغه عمري ما شوفت حد خرج من التعليم الاساسي وبيعرف يتكلم انجليزي كويس ! اللي بتتكلم عليهم دول اكيد واخدين كورسات وهما اللي درسوا اللغه

    • @Lolololololollolol-fv5yr
      @Lolololololollolol-fv5yr 13 днів тому

      @@logoutpupg6651 يسطا حتى الي بياخدوا كورسات.في انا خدت كورس السنة الي فاتت مع ناس في كلية تجاره و ناس المفروض انهم اتخرجوا من تربية وهيبقوا مدرسين انجليزي بس مستواهم ضعيف اوي انا كنت ساعتها في تانية ثانوي ولسة هدخل تالتة.وانا مش قصدي انك فاشل . انا كنت فاكرك بتهاجم في التعليم فبقولك ان المشكلة مش مشكلة تعليم المشكلة في الناس انها مش عاوزه تذاكر

    • @samehmekawy1049
      @samehmekawy1049 11 днів тому

      ​@@logoutpupg6651لا مش منطق ولا مبرر انت بدام عندك طريقه توصلك على النت يبقى ملكش اى حجه ،دى نعمه تحمد ربنا عليها غيرك بيحفى عليها و يموت نفسه و بيطلعو احسن من الى متخرج من مدارس الدوليه
      الفيديو بيتكلم عن اقتصاد مصر مراحل الهبوط و الصعود و ايه اسباب المشاكل الى مأثره على الاقتصاد مخليه البلد فى حاله ديه

    • @OmarHatem-tp8hg
      @OmarHatem-tp8hg 8 днів тому

      @@logoutpupg6651 لا يغالي مش عذر أنا الحمدلله كنت تعليم حكومي والأنجليزي بتاعي كويس جدا

  • @hanniball9777
    @hanniball9777 4 дні тому

    Ahmed Mousa effect

  • @ahmadabousamra
    @ahmadabousamra 15 днів тому

    Where are you getting these facts from? Egypt stopped being and exporter and became an importer of natural gas

  • @mmrm250
    @mmrm250 20 днів тому +1

    Now we know from where muslim brotherhood parrot their words 😂

  • @spiro6663
    @spiro6663 10 днів тому +1

    imagine having that much of gas in ur country and u cut power off 2 hours each day to save some gas to sell it LOL
    we are living the worst era of egypt

  • @saramohsen6252
    @saramohsen6252 16 днів тому

    As an Egyptian watching your video what's up with the ancient footage from 1980's showing traffic, poor areas and of course 2011 events😏 come on dude 😎 we literally begged the man to take the power ✌🏻🇪🇬