هشام إبراهيم
  • January 3, 2026
  • libyawire
  • 0

It was confirmed that the year 2026 will represent a pivotal milestone in the journey of the Egyptian economy, where society is expected to begin “reaping the fruits” of the bold reform decisions taken by the state in recent years, despite the complex global geopolitical and economic challenges it has faced.

It was clarified during a television interview on the first day of the new year that the Egyptian economy has shown remarkable resilience in the face of a series of major crises spanning the past six years, starting from the COVID-19 pandemic, through the Russian-Ukrainian war, and reaching the current tensions in the Middle East region.

Impacts of Global Crises:

The economic expert pointed out that these successive crises have cast a shadow over several vital sectors in Egypt, leading to: disruptions in the foreign exchange market: as a result of global pressures on emerging market currencies.

Impact on foreign currency resources: especially in strategic sectors such as Suez Canal revenues, which were affected by regional events. Difficulties in investment flows: where investors faced significant challenges amid global instability.

An Optimistic Vision for 2026:

Despite these challenges, optimism was expressed about the future, confirming that the reform decisions made during difficult times were necessary to fortify the national economy. It was emphasized that the year 2026 will witness gradual stability and growth in investment flows, with the positive results of national projects and the pursued fiscal and monetary policies beginning to appear.

The discussion concluded by stressing the importance of continuing the structural reform approach to enhance the competitiveness of the Egyptian state and attract more foreign and local investments, ensuring sustainable development for future generations.

Al Zamalek vs Al Ittihad Alexandria match in the Egypt Capital Cup
Wahid Hamed

Egypt

Egypt is home to one of the world’s oldest civilizations, with a recorded history spanning over 5,000 years and famed for its pharaonic monuments like the Pyramids of Giza and the Sphinx. Its rich cultural legacy includes significant contributions to writing, architecture, and religion, later influenced by Greco-Roman, Coptic Christian, and Islamic periods following its conquests. Modern Egypt remains a pivotal cultural and political center in the Arab world, centered on the Nile River.

Suez Canal

The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea. It was officially opened in 1869 after a decade of construction, though its concept dates back to ancient times, and it has since been a vital global shipping route and a strategically significant geopolitical asset.

Al Zamalek

Al Zamalek is a wealthy, leafy district located on Gezira Island in the Nile River, within Cairo, Egypt. Historically, it was developed in the 19th century during the reign of Khedive Ismail and became a prestigious residential area for foreign communities and the Egyptian elite. Today, it is known for its upscale homes, embassies, cultural venues like the Cairo Opera House, and the Gezira Sporting Club.

Al Ittihad Alexandria

Al Ittihad Alexandria is a prominent Egyptian football club based in Alexandria, founded in 1914. It is one of the oldest and most successful clubs in Egypt, historically known for its strong rivalry with Al Ahly and Zamalek of Cairo.

Egypt Capital Cup

The Egypt Capital Cup is an annual pre-season football tournament hosted in Cairo, featuring top Egyptian clubs like Al Ahly and Zamalek. It was established to serve as a competitive warm-up for the domestic league season and to celebrate Cairo’s central role in Egyptian football culture.

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