Political parties and leaders: National Democratic Party (NDP),
President Mohammed Hosni MUBARAK, leader, is the dominant party; legal
opposition parties are as follows: New Wafd Party (NWP), Fu'ad SIRAJ
AL-DIN; Socialist Labor Party (SLP), Ibrahim SHUKRI; National
Progressive Unionist Grouping (NPUG), Khalid MUHI AL-DIN; Socialist
Liberal Party, Mustafa Kamal MURAD; Democratic Unionist Party,
Mohammed 'Abd-al-Mun'im TURK; Umma Party, Ahmad al-SABAHI; Misr
al-Fatah Party (Young Egypt Party), leader NA; Nasserist Arab
Democratic Party, Dia' al-din DAWUD; Democratic Peoples' Party, Anwar
AFIFI; The Greens Party, Kamal KIRAH; Social Justice Party, Muhammad
'ABDAL-'AL
note: formation of political parties must be approved by government
Political pressure groups and leaders: despite a constitutional ban against religious-based parties, the technically illegal Muslim Brotherhood constitutes MUBARAK's potentially most significant political opposition; MUBARAK tolerated limited political activity by the Brotherhood for his first two terms, but has moved more aggressively in the past two years to block its influence; trade unions and professional associations are officially sanctioned
International organization participation: ABEDA, ACC, ACCT
(associate), AfDB, AFESD, AG (observer), AL, AMF, BSEC (observer),
CAEU, CCC, EBRD, ECA, ESCWA, FAO, G-15, G-19, G-24, G-77, IAEA, IBRD,
ICAO, ICC, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO,
Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, MINURSO, MONUA, NAM,
OAPEC, OAS (observer), OAU, OIC, OSCE (partner), PCA, UN, UNCTAD,
UNESCO, UNIDO, UNITAR, UNMIBH, UNMOP, UNOMIG, UNOMIL, UNPREDEP, UNRWA,
UPU, WFTU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Ahmed MAHER al-Sayed chancery: 3521 International Court NW, Washington, DC 20008 telephone: [1] (202) 895-5400 FAX: [1] (202) 244-4319, 5131 consulate(s) general: Chicago, Houston, New York, and San Francisco
Diplomatic representation from the US: chief of mission: Ambassador Daniel KURTZER embassy: (North Gate) 8, Kamel El-Din Salah Street, Garden City, Cairo mailing address: Unit 64900, APO AE 09839-4900 telephone: [20] (2) 3557371 FAX: [20] (2) 3573200 branch office: Alexandria
Flag description: three equal horizontal bands of red (top), white, and black with the national emblem (a shield superimposed on a golden eagle facing the hoist side above a scroll bearing the name of the country in Arabic) centered in the white band; similar to the flag of Yemen, which has a plain white band; also similar to the flag of Syria that has two green stars and to the flag of Iraq, which has three green stars (plus an Arabic inscription) in a horizontal line centered in the white band
@Egypt:Economy
Economy-overview: At the end of the 1980s, Egypt faced problems of low productivity and poor economic management, compounded by the adverse social effects of excessive population growth, high inflation, and massive urban overcrowding. In the face of these pressures, in 1991 Egypt undertook wide-ranging macroeconomic stabilization and structural reform measures. This reform effort has been supported by three successive IMF arrangements, the last of which was concluded in October 1996. Egypt's reform efforts-and its participation in the Gulf war coalition-also led to massive debt relief under the Paris Club arrangements. Although the pace of reform has been uneven and slower than envisaged under the IMF programs, substantial progress has been made in improving macroeconomic performance. Budget deficits have been slashed while foreign reserves in 1997 were at an all-time high. And Egypt has been moving toward a more decentralized, market-oriented economy. These economic reforms and growing investment opportunities have prompted increasing foreign investment, but incoming capital has largely been concentrated in stock market portfolio flows. Egypt's economy also has been hit by a sharp downturn in tourism-a key foreign exchange and job producing sector-following the 17 November 1997 massacre of foreign tourists at Luxor. Although Egypt will probably regain these revenues over time, the slump in tourism is likely to slow the GDP growth rate in 1998.
GDP: purchasing power parity-$267.1 billion (1997 est.)
GDP-real growth rate: 5.2% (1997 est.)