Egypt Economy is the outcome of public services that contributes about 50% of
the country's GDP. This figure clearly reflects the changes in the socialist thinking
and principles of Egypt economy and politics.
Egypt economy mainly depends on agriculture, tourism and petroleum exports.
Beside of these contributory factors Egypt's second biggest income source is
by the traffic that goes through the Suez Canal. Presently speaking Egypt economy
is the second largest sound economy in the Arab world. But like other countries
Egypt is also facing the problems of unemployment and poverty.
It is only because of the less employment opportunities that are somewhat responsible
for high rate of migration of Egyptians to other countries. United States has
large population of Egyptian immigrants. However Egyptian Government is trying
to solve these problems by introducing many economy reforms and by investing
in communications and physical infrastructure. Egypt has also been receiving
foreign aid for making its economy better.
Egypt Politics comprises of a semi-presidential republic in which President
of Egypt is both the head of state and government. The Prime Minister of the
country is the leader of the Egyptian government. Executive power rests with
the government while both the government and the parliament exercise the legislative
power.
Egypt Parliament consist of two chambers- the People's Assembly and the Shura
Council. People's Assembly is the lower house of the Parliament and is the principal
legislative body. The Shura Council is the upper house of the Parliament and
the legislative power of this house is limited. Out of the total 174 members
one half of the Shura Council is renewed after every three years. Parliament
meets only for one nine-month session in a year. President can call for an additional
session in case of special circumstances.
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