cover image: Brief n. 65/November 2024   Egypt and Türkiye

Brief n. 65/November 2024 Egypt and Türkiye

13 Nov 2024

The main strategic sectors of the economy along with the management of the mega infrastructure projects were in the hands of the Generals of the Egyptian army. [...] The two shocks of Covid-19 and the war in Ukraine and more recently the effects of the Israeli war on Gaza represented the main threat to the country’s stability. [...] On the political side, despite the country has been able to silence the main opposition organizations, the effect of the economic crisis brought some sectors of the society to mobilize against the governmental policies. [...] This support, according to the EU2, “is meant to address the deteriorating macro-fiscal situation and financing needs of the country over the recent months, notably after the outbreak of the Gaza war, the Houthi attacks in the Red Sea and the repercussions of Russia’s war of aggression against Ukraine”. [...] Although these internal challenges, the general normalization of the region7, notably after the long effect of the post-2011 revolutions, is permitting Türkiye to take on some normalization processes and to come out from the isolating situation which it was between 2019-2021, especially after the Turkish move to delimitate the maritime waters of the East Med8.

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Italy

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