El-Sisi: Egypt's New Pharaoh

*N/A

Status

Released

Production

Squawk

Aired

2025-12-02

El-Sisi: Egypt's New Pharaoh

Egypt, nicknamed "the mother of the world" by its people, is unrecognizable. Gigantic construction sites have sprung up in the desert at an exponential rate, including roads, bridges, and megaprojects on the Mediterranean coast. This new Egypt is an illusion: in 10 years, the population has sunk into unprecedented poverty. The regime shows no mercy to the poor. Abdel Fattah el-Sisi, the new pharaoh, and his army have set up a pyramid-shaped financial system, built on subsidies from major international institutions—including the European Union—and foreign investment. The most populous nation in the Arab world finds itself on the brink of collapse.