{"id":15088,"date":"2025-03-30T16:06:16","date_gmt":"2025-03-30T16:06:16","guid":{"rendered":"https:\/\/www.watanserb.com\/en\/?p=15088"},"modified":"2025-03-30T21:45:02","modified_gmt":"2025-03-30T21:45:02","slug":"egypts-economic-freefall-under-sisi","status":"publish","type":"post","link":"https:\/\/www.watanserb.com\/en\/2025\/03\/30\/egypts-economic-freefall-under-sisi\/","title":{"rendered":"Egypt&#8217;s Economic Freefall Under Sisi"},"content":{"rendered":"<p><em><strong>Watan<\/strong><\/em>-Egypt, under the rule of Abdel Fattah el-Sisi, is experiencing an unprecedented economic collapse, with a sharp deterioration in key indicators and a worsening living crisis for citizens\u2014despite official narratives promoting so-called \u201cmajor achievements.\u201d<\/p>\n<p class=\"\" data-start=\"417\" data-end=\"660\">In a shocking twist, Egypt\u2014once considered a major energy producer\u2014has now become an importer of natural gas, following a 20% drop in production in January 2025. Output fell to 4.867 billion cubic feet per day, the lowest level in eight years.<\/p>\n<p class=\"\" data-start=\"662\" data-end=\"1022\">The situation with oil is no better. Production has dropped to 550,000 barrels per day\u2014the lowest in four decades. This decline has forced the government to strike import deals with Shell and TotalEnergies for 60 shipments of liquefied natural gas (LNG), valued at over $3 billion, all while lacking any clear strategy to boost production or reform the sector.<\/p>\n<figure id=\"attachment_11004\" aria-describedby=\"caption-attachment-11004\" style=\"width: 1024px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"wp-image-11004 size-large\" src=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/01\/cccc-1024x644.jpg\" alt=\"Rising Prices of Basic Goods in Egypt: Impact on Consumers and Government Measures\" width=\"1024\" height=\"644\" srcset=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/01\/cccc-1024x644.jpg 1024w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/01\/cccc-300x189.jpg 300w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/01\/cccc-768x483.jpg 768w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/01\/cccc.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-11004\" class=\"wp-caption-text\">Egypt food prices<\/figcaption><\/figure>\n<h3 data-start=\"120\" data-end=\"154\"><strong data-start=\"120\" data-end=\"154\">Crisis Deepens in Sisi\u2019s Egypt<\/strong><\/h3>\n<p class=\"\" data-start=\"1024\" data-end=\"1418\">Meanwhile, the tourism sector\u2014one of Egypt\u2019s largest sources of foreign currency\u2014has suffered a severe collapse. This is attributed to heightened security crackdowns, the arrest of tourists and journalists, and restrictions on freedoms. International travel companies have started warning clients against visiting Egypt, describing it as \u201can unsafe and unattractive environment for investment.\u201d<\/p>\n<p class=\"\" data-start=\"1420\" data-end=\"1844\">External debt has more than tripled, reaching around $165 billion in 2025, up from just $46 billion a few years ago. This comes amid massive obligations to repay loan installments and interest. In contrast, the government has no genuine economic plan beyond repeated borrowing to fund vanity projects like the new administrative capital\u2014projects that have done nothing to improve citizens\u2019 lives or reduce the trade deficit.<\/p>\n<p class=\"\" data-start=\"1846\" data-end=\"2264\">Inflation has reached record highs, surpassing 35% in some months, while the Egyptian pound has lost over 70% of its value in just two years. This has led to a staggering rise in prices. The average citizen\u2014especially pensioners and the middle class\u2014is now struggling to afford basic necessities like food and medicine, capturing the hardship of a country weighed down by erratic policies and growing authoritarianism.<\/p>\n<p class=\"\" data-start=\"2266\" data-end=\"2542\">What\u2019s happening in Egypt today is not a temporary crisis, but rather a direct result of a governance model rooted in lack of transparency, exclusion of competent voices, and suppression of freedoms\u2014signaling the risk of an even greater catastrophe if current trends continue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watan-Egypt, under the rule of Abdel Fattah el-Sisi, is experiencing an unprecedented economic collapse, with a sharp deterioration in key indicators and a worsening living crisis for citizens\u2014despite official narratives promoting so-called \u201cmajor achievements.\u201d In a shocking twist, Egypt\u2014once considered a major energy producer\u2014has now become an importer of natural gas, following a 20% drop &hellip;<\/p>\n","protected":false},"author":1,"featured_media":11005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[61,3060,4530],"class_list":["post-15088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-abdel-fattah-el-sisi","tag-egypt-economic","tag-egyptian-inflation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt&#039;s Economic Freefall Under Sisi - Watan<\/title>\n<meta name=\"description\" content=\"Egypt is facing an unprecedented economic collapse under President Sisi, with rising debt, collapsing tourism.. dramatic currency devaluation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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