Egypt Economy and Politics

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.