Egypt on the brink

Egypt faces its worst crisis in living memory as its government continues to spend lavishly with little concern for the public

Labelled an albatross by critics, Egypt’s new capital carries an estimated cost of $58 billion at a time of growing concerns over the country’s economic and political stability. Image source

In 2011, mass protests overthrew the regime of Egyptian President Hosni Mubarak over a host of issues, including corruption, high living costs, and high unemployment. Over a decade later, these issues persist in Egypt, exacerbated by an increasingly unstable Middle East region. With a massive and growing populace, an emerging food crisis, and a heavy reliance on the international community to sustain its economy, Egypt stands on the brink of a crisis that could dwarf the so-called Arab Spring.