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Country Risk

Parliamentary support increases likelihood of Egyptian president's re-election, economic continuity likely to focus on banking and hydrocarbon-sector privatisations

19 October 2017

Event

On 14 October, the In Support of Egypt parliamentary bloc, the largest in the House of Representatives with an estimated 380 of 596 seats, announced its intention to campaign for the re-election of President Abdel Fattah al-Sisi.

Sisi has not confirmed whether he will stand in the 2018 presidential election, which will probably be held in May or June. He has secured the backing of the armed forces, the majority of parliament, and financial sponsors in Saudi Arabia and the UAE.

On 7 August, Sisi ratified a law designating a National Electoral Commission to oversee elections that will phase out full judicial supervision of elections by 2024 – likely opening up the voting process to accusations of weak oversight and procedural manipulation by political opposition and electoral observers.

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