Economic Challenges To Stability

November 2008 | Political Risk Alert

Gamal Mubarak, the son and hotly tipped successor of President Hosni Mubarak, has reiterated Egypt's commitment to the private sector, in a move which is unlikely to do much for the government in the eyes of either investors or the population. With inflation still high and investment conditions unfavourable, the reform process that has made Egypt so popular with the investor community has gone off the boil somewhat. However, Mubarak called on delegates to fight back against critics, arguing that the private sector provided 70% of jobs in Egypt. 'The youth are confused', he said. 'This is justified because of

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