Egypt counters Turkey with massive military exercises along Libyan border

[Pakistani Fighter]

36 Rafales armed with 60km MICA

Why not opt for Meteors

 

[MMM-E]

Why not opt for Meteors

as of 2020 there is no any Meteor and Scalp missiles for Egyptian Rafale Fighter Jets

also Egyptian FREMM Frigate is so pathetic without 16 cells A-70 VLS and Electronic Warfare System

 

[The SC]

It depends on what you mean by "doing pretty good". A lot of it's current growth is based upon loans and vanity projects, so I don't really buy its economy is doing as well as claimed.

Still, you're right about Egypt not wanting war.

Facts:

Egypt to become 6th largest world economy by 2030: Economist

https://www.egypttoday.com/Article/...e-6th-largest-world-economy-by-2030-Economist

"He added that the growth rate of Gross Domestic Product (GDP) of Egypt exceeded 8 percent which is the highest in the world and even surpasses China whose growth rate stands at 6 percent."


These 8 countries will dominate global growth in 2024, says the IMF

https://www.businessinsider.com/these-8-countries-will-dominate-global-growth-2024-imf-says-2019-10

"Among the 20 countries that will drive the global economy in the next five years are Egypt, Mexico, Pakistan, Saudi Arabia, South Korea, the Philippines, France, Thailand, Malaysia, and Bangladesh."

Egypt to rank 7th largest economy by 2030: Standard Chartered

http://www.xinhuanet.com/english/2019-01/10/c_137734351.htm

"The volume of Egypt's economy will hit 8.2 trillion U.S. dollars by 2030, the report added."

 

[Total Destruction]

None but I support Turkey. By the way the egyptian regime even imprisoned Australian journalists and citizens until they got released.

I don't have anything against Turks, good luck for them in every field. (I'm against sisi btw)
but you aussies are the most filthy creatures on earth (beside the zionists), i hope your journalists rot in the prisons

 

[That Guy]

Facts:

Egypt to become 6th largest world economy by 2030: Economist

https://www.egypttoday.com/Article/...e-6th-largest-world-economy-by-2030-Economist

"He added that the growth rate of Gross Domestic Product (GDP) of Egypt exceeded 8 percent which is the highest in the world and even surpasses China whose growth rate stands at 6 percent."


These 8 countries will dominate global growth in 2024, says the IMF

https://www.businessinsider.com/these-8-countries-will-dominate-global-growth-2024-imf-says-2019-10

"Among the 20 countries that will drive the global economy in the next five years are Egypt, Mexico, Pakistan, Saudi Arabia, South Korea, the Philippines, France, Thailand, Malaysia, and Bangladesh."

Egypt to rank 7th largest economy by 2030: Standard Chartered

http://www.xinhuanet.com/english/2019-01/10/c_137734351.htm

"The volume of Egypt's economy will hit 8.2 trillion U.S. dollars by 2030, the report added."

Once again, I don't buy it, there are too many indications that egypt isn't doing as well as it claims, but we'll see.

I'm more than happy to admit when I'm wrong. It's not like I want egypt to fail, and if anything, another rich and successful muslim nation is good for the world.

 

[The SC]

Once again, I don't buy it, there are too many indications that egypt isn't doing as well as it claims, but we'll see.

I'm more than happy to admit when I'm wrong. It's not like I want egypt to fail, and if anything, another rich and successful muslim nation is good for the world.

Care to share those indicators..

 

[That Guy]

Care to share those indicators..

Sure.

Unemployment rate, despite it slightly declining, is still ridiculously high at 8.1%

https://www.egypttoday.com/Article/3/70470/Unemployment-rate-records-8-1-in-Q1-2019

HDI, it either faces decline or stagnation, ranking from 111 in 2017, to 115 in 2018, and 116 in 2019.

https://egyptindependent.com/egypt-ranks-115th-down-from-111-in-human-development-index/

https://www.egypttoday.com/Article/1/78558/UNDP-Egypt-makes-progress-in-Human-Development-Index-2019

Massive loans that it's taking, and having difficulty paying back...

https://www.egypttoday.com/Article/10/3170/What-Will-The-IMF-Loan-Mean-For-Egypt

https://www.google.com/amp/s/www.mi...ostpones-6-6bn-repayment-to-saudi-arabia/amp/

https://www.bloomberg.com/news/arti...ooks-to-cheaper-loans-saudi-market-for-growth

A large amount of vanity projects, which artificially boost economic development, but provide no real long term revenue...

https://carnegieendowment.org/sada/79625

By the way, most of the loans are going towards these vanity projects.

AGAIN, this isn't a competition to me. I repeat, if Egypt becomes rich, that's good for the world.

 

[The SC]

Sure.

Unemployment rate, despite it slightly declining, is still ridiculously high at 8.1%

https://www.egypttoday.com/Article/3/70470/Unemployment-rate-records-8-1-in-Q1-2019

HDI, it either faces decline or stagnation, ranking from 111 in 2017, to 115 in 2018, and 116 in 2019.

https://egyptindependent.com/egypt-ranks-115th-down-from-111-in-human-development-index/

https://www.egypttoday.com/Article/1/78558/UNDP-Egypt-makes-progress-in-Human-Development-Index-2019

Massive loans that it's taking, and having difficulty paying back...

https://www.egypttoday.com/Article/10/3170/What-Will-The-IMF-Loan-Mean-For-Egypt

https://www.google.com/amp/s/www.mi...ostpones-6-6bn-repayment-to-saudi-arabia/amp/

https://www.bloomberg.com/news/arti...ooks-to-cheaper-loans-saudi-market-for-growth

A large amount of vanity projects, which artificially boost economic development, but provide no real long term revenue...

https://carnegieendowment.org/sada/79625

By the way, most of the loans are going towards these vanity projects.

AGAIN, this isn't a competition to me. I repeat, if Egypt becomes rich, that's good for the world.

I really appreciate your positive thoughts about Egypt's success..this is no competition..we are just bringing facts to others.. so the truth is out there..
Egypt’s Economy Isn’t Tanking. It’s Thriving.

https://foreignpolicy.com/2019/06/2...ing-its-thriving-sisi-muslim-brotherhood-imf/


Egypt’s foreign reserves hits $45.42B by end of December

https://www.egypttoday.com/Article/3/79392/Egypt’s-foreign-reserves-hits-45-42B-by-end-of-December

* That is from $18 billion in 2014.. this is real development and not artificial..

 

[That Guy]

I really appreciate your positive thoughts about Egypt's success..this is no competition..we are just bringing facts to others.. so the truth is out there..
Egypt’s Economy Isn’t Tanking. It’s Thriving.

https://foreignpolicy.com/2019/06/2...ing-its-thriving-sisi-muslim-brotherhood-imf/


Egypt’s foreign reserves hits $45.42B by end of December

https://www.egypttoday.com/Article/3/79392/Egypt’s-foreign-reserves-hits-45-42B-by-end-of-December

* That is from $18 billion in 2014.. this is real development and not artificial..

I would point towards the links I gave you. All of what you're point to can directly be attributed to the massive loans that Egypt got.

Remember, Pakistan's forex also increased during the Nawas Sharif era, but all of that was also based upon loans. Those same loans that Pakistan now has to dedicate 40% of its budget just to pay back.

Egypt is heading towards the same problems Pakistan has, but in Egypt's case, it may end up being worse.

 

[The SC]

I would point towards the links I gave you. All of what you're point to can directly be attributed to the massive loans that Egypt got.

Remember, Pakistan's forex also increased during the Nawas Sharif era, but all of that was also based upon loans. Those same loans that Pakistan now has to dedicate 40% of its budget just to pay back.

Egypt is heading towards the same problems Pakistan has, but in Egypt's case, it may end up being worse.

To be brief..it is not the same case.. check what the IMF an the world bank among others are saying about Egypt's economy..

"Amid the global economic slowdown - international praises of the Egyptian economy, and the best Egyptian bonds globally, with expectations of a growth rate of 5.8% at the end of 2020 after achieving 5.6% in the last year, and the rise of the value of the Egyptian pound against the dollar until it became one of the best performing currencies during 2019."

https://twitter.com/x/status/1227893333445488641

The new Capital..

2020 New Alamein City Egypt

An introductory tour inside Zewail City of Science and Technology at its headquarters in October Gardens
Nov 8, 2019

Can you see the concrete as concrete or you sill thinking about vanilla artificial projects???
And this isn't even 1% of the projects going on..

 

[That Guy]

To be brief..it is not the same case.. check what the IMF an the world bank among others are saying about Egypt's economy..

"Amid the global economic slowdown - international praises of the Egyptian economy, and the best Egyptian bonds globally, with expectations of a growth rate of 5.8% at the end of 2020 after achieving 5.6% in the last year, and the rise of the value of the Egyptian pound against the dollar until it became one of the best performing currencies during 2019."

https://twitter.com/x/status/1227893333445488641

The new Capital..

2020 New Alamein City Egypt

An introductory tour inside Zewail City of Science and Technology at its headquarters in October Gardens
Nov 8, 2019

Can you see the concrete as concrete or you sill thinking about vanilla artificial projects???
And this isn't even 1% of the projects going on..

So, to me at least, the new capital is 100% a vanity project. It would have been better to invest that money into the current capital. In fact building new cities is a waste of money, when egypt barely has enough money to pay the upkeep on it's current infrastructure.

The biggest problem with the new cities will be getting people to move their. Property will 100% be more expensive in the new cities, and poorer egyptians will not be able to afford to move their.

You can drag the horse to water, but you cannot make him drink it.

As for what the imf and world bank are saying, they have a vested interest in promoting egypt, due to the loans. They also say similar things about Pakistan, but the truth is that we will only know the full impact once the loans mature.

 

[ShaikhKamal]

Egypt is prostituting itself to get modern weapons paid by the Saudi and Persian Gulf states. Only two years ago in Egypt had bread riots when they raised the price of bread. When people cannot afford bread they buy Rafales.

https://www.middleeasteye.net/news/egypt-bread-riots-protests-erupt-after-subsidy-cut-hits-poor

 

[Beast]

So, to me at least, the new capital is 100% a vanity project. It would have been better to invest that money into the current capital. In fact building new cities is a waste of money, when egypt barely has enough money to pay the upkeep on it's current infrastructure.

The biggest problem with the new cities will be getting people to move their. Property will 100% be more expensive in the new cities, and poorer egyptians will not be able to afford to move their.

You can drag the horse to water, but you cannot make him drink it.

As for what the imf and world bank are saying, they have a vested interest in promoting egypt, due to the loans. They also say similar things about Pakistan, but the truth is that we will only know the full impact once the loans mature.

Egypt is smart to invest in new cities. Cairo is overwhelmed a growing large population. New cities land prices will still be much cheaper compare to Cairo. People are more than happy to move to New cities if infrastructure are right like ease of transport to move them around.

 

[MaRv]

Egypt is prostituting itself to get modern weapons paid by the Saudi and Persian Gulf states. Only two years ago in Egypt had bread riots when they raised the price of bread. When people cannot afford bread they buy Rafales.

https://www.middleeasteye.net/news/egypt-bread-riots-protests-erupt-after-subsidy-cut-hits-poor

Another brain washed

 

[ShaikhKamal]

Another brain washed

So there were no bread riots in Egypt in 2017 ?