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Egypt's Economic Crisis: Can it be stopped? 

Uptin
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28 сен 2024

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Комментарии : 182   
@aynrandfan7454
@aynrandfan7454 4 месяца назад
Less people want to visit Egypt due to the endless hassling and annoyance from scammers near the pyramids and sellers of crappy trinkets who don’t understand NO
@abdelra7man87
@abdelra7man87 4 месяца назад
Sadly true, I am egyptian and I don't go because of this
@Kylelongwest
@Kylelongwest 4 месяца назад
I'm planning to visit Egypt in July. But with the black market exchange rate and the scams, I'm a bit skeptical to be honest
@abdelra7man87
@abdelra7man87 4 месяца назад
@@Kylelongwest it is not a no go, but the scammers are just annoying. Just be careful and I think you will still have a nice time. For the balck market, it is just for currency exchange, and right now the difference with the official rates at the banks is almost negligible, so that would not stop me either.
@abdullahelmadawy
@abdullahelmadawy 4 месяца назад
@@Kylelongwest Right now there is no black market because it is the same exchange rate, amd about Scummers, u will find them in Cairo but I recommend u go to Sahel or Sharm It is amazing right now
@uptin
@uptin 4 месяца назад
I can verify this is true. I enjoy Egypt a lot but it’s quite stressful as a tourist!
@dee-jay45
@dee-jay45 4 месяца назад
That reddit thread and that food youtuber probably caused more damage to Egypt's tourism than any war.
@Ahmed-jl2fx
@Ahmed-jl2fx 4 месяца назад
I was thinking the same thing.. some investment into PR and improving the problems like scammers and annoying policies would do more than any billions they try to spend in order to increase tourism
@artman12
@artman12 4 месяца назад
They also imposed visa requirements for Canadian citizens recently. But why only to Canadians but not to Americans, Australians, the Brits or Europeans?
@saadzahem
@saadzahem 4 месяца назад
​@@artman12You said "recently". Then maybe in the future it would be applied to other countries. I hope so.
@Zibonnn
@Zibonnn 4 месяца назад
Bangladesh is kinda in the same route. Please do one on Bangladesh.
@ehabelgawady
@ehabelgawady 4 месяца назад
Great effort and very well explanation..it is my first time watching your channel and I really enjoyed this video 👌
@ehabelgawady
@ehabelgawady 4 месяца назад
"Former CNBC Journalist, now Digital Nomad. I tell stories about money and economics." now I understand why your commentary and explanation is so good
@ifechukwuokekenwa8004
@ifechukwuokekenwa8004 4 месяца назад
Do Nigeria next.... Our currency is dead
@ambessaseway5594
@ambessaseway5594 4 месяца назад
Nigeria&Egypt need a emergency birth control to reduce extremely high population growth kenya/Ghana/Botswana done it
@daniyalbbd5281
@daniyalbbd5281 4 месяца назад
Nigeria is the African powerhouse, strongest army and leader of Africa . What are you talking about
@uptin
@uptin 4 месяца назад
Will look into it
@artman12
@artman12 4 месяца назад
According to the 2024 IMF data, Egypt ($347.5 billion) has the 2nd highest nominal GDP in Africa, just behind South Africa but above Nigeria ($252.7 billion). How is that possible?
@Slayer123-g6v
@Slayer123-g6v 4 месяца назад
​@@artman12currency depreciations ☺️☺️
@DylanSemerau
@DylanSemerau 3 месяца назад
Water is being shut off for 5 hours a day, electricity is being shut off for 5 hours a day, wages have been decreased, internet is being cut, prices for everything is being jacked up 300%. Please do a video on this! We need to spread the news. My girlfriend is out there and all the stores are out for water and they have to put water in buckets. They let Sudan immigrants move in and they basically evicted Egyptian residents for Sudan immigrants. All the trees have been cut down. It's horrible. #freegypt
@ahmadhady8051
@ahmadhady8051 23 дня назад
You are spreading false information (propaganda). There is no cutting off for electricity or water! It was just like for one month in the pec of the summer heat . So saying that like a normal life condition is absolutely false and shameful.
@John-ch4yj
@John-ch4yj 4 месяца назад
Wait debt is only 42% gdp
@ryanmcfall1127
@ryanmcfall1127 4 месяца назад
yeah when he said that i had a double take. I guess when you have to take debt out in foreign currency it's high
@richiesd1
@richiesd1 4 месяца назад
Sloppy reporting.
@lastsovietspy
@lastsovietspy 4 месяца назад
exactly, it’s not debt their problem but gaza war so tourism is low
@Homer-OJ-Simpson
@Homer-OJ-Simpson 4 месяца назад
Debt is 89% of GDP. Not sure where 42% came from
@OmarOsman98
@OmarOsman98 4 месяца назад
@@lastsovietspyThat’s the problem. Egypt relied on tourism alone for too long. Under Mubarak, Egypt has stable growth because they just relied on military aid and tourism revenues to bring income in and lower government spending. But with the population increasing, the expenditures of the state also grew and thus the economy requires growth to check the debt of the nation.
@artman12
@artman12 4 месяца назад
According to the 2024 IMF data, Egypt ($347.5 billion) has the 2nd highest nominal GDP in Africa, just behind South Africa but above Nigeria ($252.7 billion). How is that possible?
@bircruz555
@bircruz555 2 дня назад
What does GDP measure? Do not take it at face value.
@aylyi-huh9355
@aylyi-huh9355 4 месяца назад
uptin i've been a fan since your news days and loved your new channel with travel format but the new video style seems so rushed, gimmicky, adhd-triggering, and anxiety-inducing with the music
@LionelMwabile
@LionelMwabile Месяц назад
An extensive episode on how the war in Ukraine influences everything would be nice.
@leponpon6935
@leponpon6935 4 месяца назад
Imagine if Mansa Musa showed up in Egypt again today with caravans of pure gold
@Phlegethon
@Phlegethon 4 месяца назад
Gas in Egypt costs $1 a gallon
@AhmedEishra
@AhmedEishra 3 месяца назад
Not true at all.
@OmarOsman98
@OmarOsman98 4 месяца назад
Egypt’s export-import balance isn’t so bad. The government’s strategy has been to sell state assets and use the funds to secure more loans to build the country.
@dt_black3051
@dt_black3051 3 месяца назад
5od
@sleepyjoe7518
@sleepyjoe7518 4 месяца назад
The water flowing in Nile belongs to Ethiopia, not some Egypt.
@shehabnour2706
@shehabnour2706 3 месяца назад
No. if the nile flows through Ethiopia and Egypt then it belongs to both not just one side.
@Cyprian562
@Cyprian562 3 месяца назад
Idiotic comment
@gilberttello08
@gilberttello08 4 месяца назад
👍👍
@dennykeaton9701
@dennykeaton9701 4 месяца назад
Wow. A corrupt theocracy is having currency problems. Who would have though?
@shauncameron8390
@shauncameron8390 5 дней назад
Egypt is a not a theocracy but a military dictatorship.
@0401412740
@0401412740 4 месяца назад
Egypt is a poor country... People are horrible too
@theresahana7210
@theresahana7210 3 месяца назад
The new capital real estate is selling like hot cakes 🍰
@salimegypt6277
@salimegypt6277 3 месяца назад
Like hot fake cakes
@HJs198
@HJs198 4 месяца назад
first
@mufasa0
@mufasa0 4 месяца назад
Let's declare a National Holiday tomorrow for your first comment🤣🤣
@malwalker2682
@malwalker2682 4 месяца назад
THAT WHAT HAPPEN WHEN YOU LIVE ON STOLEN LAND
@anthonymanderson7671
@anthonymanderson7671 18 дней назад
The current egyptians today are descendants of ancient egyptians.
@malwalker2682
@malwalker2682 18 дней назад
@@anthonymanderson7671 YOU ARE DREAMING BLACK PEOPLE ARE THE TRUE SO CALLED EGYPTIONS LEARN TRUE HISTORY BEFORE YOU GET ON HERE
@omblae
@omblae 4 месяца назад
Egypt's tourism is suffering from social media - anyone who goes there talks about how badly they get harassed. If egypt wants tourist money, then it needs to improve its reputation.
@reevanamin5865
@reevanamin5865 4 месяца назад
No offense but I can corroborate. Some were actually nice but alot of people were very aggressive with tourists like forcing to buy. My mom wants to avoid the region as a while just because of Egyptian.
@GrowingUpWithoutBorders
@GrowingUpWithoutBorders 3 месяца назад
I agree 100%. We thought it was going to be awful because of what many said and we had the best experience. We met the nicest people. It’s true they do hassle you but if you can get past this, it’s amazing!
@Battleneter
@Battleneter 3 месяца назад
Global tourism is well down on 2019 its not just Egypt, a big part of is is a huge drop in Chinese tourists worldwide.
@theresahana7210
@theresahana7210 3 месяца назад
It’s a paid propaganda against Egypt most are really nice people
@da7war655
@da7war655 2 месяца назад
But we dont want any more expats lol we already have 14 million foreigners in Egypt lol don't come plz
@willderitzman
@willderitzman 4 месяца назад
I went to Egypt in the end of December 2023 and it was like hell. Most of people treated us like walking atm. Even security staff in Cairo airport asking money to us saying: “money…money…this is x-ray business class, Ive helped you moved your luggage” LOL
@uptin
@uptin 3 месяца назад
despite your experience, are you willing to give Egypt one more visit?
@hydoffdhagaweyne1037
@hydoffdhagaweyne1037 3 месяца назад
@@uptin No
@Unusual1818
@Unusual1818 3 месяца назад
Nope..never ​@@uptin
@gabriellechung356
@gabriellechung356 4 месяца назад
Sonny’s experience on his Best ever food review channel explained the problems of Egyptian tourism better than anyone and he has 10 million subscribers. He will never go back and he has a lot of subscribers who won’t even step foot in that country because of his experience. I’m one of them.
@Entertainment-
@Entertainment- 4 месяца назад
Great, another cheap place where I can buy my YT, Spotify subscriptions.
@tommyjohnson9176
@tommyjohnson9176 4 месяца назад
Check out Nigeria, probably the cheapest prices.
@algeriableentertainment5178
@algeriableentertainment5178 4 месяца назад
how ? where to buy subscriptions from other countries ?
@nevadada
@nevadada 4 месяца назад
​@@algeriableentertainment5178 cough cough VPN cough
@JingJao
@JingJao 4 месяца назад
why not just move and live there? that's what i've done. permanently moved to nigeria.
@saadzahem
@saadzahem 4 месяца назад
​@@JingJaoHow is life in nigeria? Is it stressful? Do people treat you kindly?
@krasavchik8714
@krasavchik8714 4 месяца назад
If Egypt wants to survive, it needs to develop heavy industry on a massive scale. 107+ million people living in such a useless land, need to be creative, or else face famines. Simple and brutal truth.
@OmarOsman98
@OmarOsman98 4 месяца назад
It’s not useless. Egypt is essentially self-sufficient in food, liquified natural gas, and has a huge labor force. Not to mention, Egypt will always be a major tourist destination. Lastly, Egypt has the Suez Canal which is substantial for trade between Europe and Asia The issue is that Egypt has been largely a socialist economy for a long time that depended on US military aid and tourism revenues alone to keep their currency in check. That incentivized the government not to invest in other industries.
@Heegooat
@Heegooat 2 месяца назад
These are perfect conditions for industrialization. Imagine how easy it is to build major highways and industrial zones because everything is concentrated in a line.
@shauncameron8390
@shauncameron8390 5 дней назад
@@OmarOsman98 Actually no it isn't as much much of its food is imported.
@OmarOsman98
@OmarOsman98 5 дней назад
@@shauncameron8390 Read what you wrote and rethink your conclusion.
@ameen1784
@ameen1784 2 дня назад
​@@OmarOsman98 from Egypt and say to you : Shut up bro it the end
@AmrYousef72
@AmrYousef72 21 день назад
As an Egyptian, reading the comments is really disheartening and issue is I can’t rebuttal the criticism because its true. The issue lies in the beneficiaries that take a lot of the money that comes from investments, poor education system, poor media representation of the values and morals that young people should have, and honestly, poor financial management of wealth. So the solution? Leaving the country 😂
@JamesLeeFilmmaker73
@JamesLeeFilmmaker73 4 месяца назад
IMF = Global Loan Shark, lol
@holliemollie5409
@holliemollie5409 2 месяца назад
They're worse than China
@shamimreza8929
@shamimreza8929 3 месяца назад
Population increasing in Egypt like Nuclear Bomb
@uptin
@uptin 3 месяца назад
are you from Egypt?
@SearchingforSage
@SearchingforSage 3 месяца назад
Good to know. Thank you for sharing!
@JS-jh4cy
@JS-jh4cy 4 месяца назад
Just use us dollars
@wmk4454
@wmk4454 4 месяца назад
This is why you don't become the world largest wheat importer and you don't rely on food from 2 countries that are too busy killing each other
@mozammalhossain4296
@mozammalhossain4296 4 месяца назад
Do one for Bangladesh
@daniyalbbd5281
@daniyalbbd5281 4 месяца назад
It's a failed country
@RaveFathercom
@RaveFathercom 4 месяца назад
Make video about Norwegian currency also! It lost its value over 50% as well
@sugreev2001
@sugreev2001 4 месяца назад
The immensely high population growth in the entirety of Africa (Both North Africa and Sub-Saharan Africa) needs to be curtailed by any means necessary.
@Ufu4847
@Ufu4847 4 месяца назад
Which North African countries do have high population growth?
@holliemollie5409
@holliemollie5409 2 месяца назад
Same with India
@abrahamjackson6019
@abrahamjackson6019 21 день назад
Why? Please explain
@shauncameron8390
@shauncameron8390 5 дней назад
Okay, white supremacist!
@CarlosGarcia-ro2xf
@CarlosGarcia-ro2xf 4 месяца назад
support the channel
@MrErdem95
@MrErdem95 4 месяца назад
Usually debts are given at an 10 years periods. When coup happened dictatorship were given 10 years long debts now they have to pay them back. Kings of arabia should help them otherwise Egypt will have a republican revolution again which may threaten the heads of kings (literally)
@tarekalsherbini4668
@tarekalsherbini4668 4 месяца назад
What is the problem? No regional stability and heavily depended on foreign exports. What does Egypt need to do? We need innovative solutions, the 'for greater good' approach in all aspects, trust, faith, and patience.
@OmarOsman98
@OmarOsman98 4 месяца назад
Egypt has a growing population and thus has more import needs. Now is the time to allow investment in the country
@shaqisumari304
@shaqisumari304 4 месяца назад
Rich Arab countries will save them and extend more help
@MM-zo7q
@MM-zo7q 4 месяца назад
Nope
@OmarOsman98
@OmarOsman98 4 месяца назад
@@MM-zo7qThey already are. Saudis and Emiratis are diversifying and are investing in Egypt heavily.
@ameen1784
@ameen1784 2 дня назад
Can't you just shut up
@3antal-07
@3antal-07 2 месяца назад
i wanna ask u a question does really the contracts that egypt doing it with russia and the European countries will improve the economy? btw ur follower from egypt
@lovedlover2667
@lovedlover2667 4 месяца назад
Ofcourse...howbcan it prosper when they keep disrespecting the tombs and claiming the history. They will not prosper
@sajjadhussain27207
@sajjadhussain27207 2 месяца назад
Do same research on Pakistan.
@erwingora4894
@erwingora4894 4 месяца назад
Egypt needs young men like u sir, bravely tell the truth 👍
@Ufu4847
@Ufu4847 4 месяца назад
He is not from Egypt.
@michaelsomething7674
@michaelsomething7674 4 месяца назад
Egypt has no choice but to raise interest rates.
@Dudevegaslv
@Dudevegaslv 4 месяца назад
How do you say “ Seriously No” in their language.
@user-or1rm1ol3q
@user-or1rm1ol3q 4 месяца назад
Laaa
@Ufu4847
@Ufu4847 4 месяца назад
Hello my friend!
@SathyaswamyS
@SathyaswamyS 4 месяца назад
Please do a video on why India will never be a developed country.
@vikramganasen
@vikramganasen 4 месяца назад
lmao. Its simply because INDIA isn't a homogenous nation, too diverse, which unfortunately is tough for democracy to be whipped into shape. China, Japan, Korea were all managed to upgrade because they are homogenous nation. Its as simple as that. But the good thing is, there's only upside to this, INDIA will be a value stock sorta nation where there's continued progress although at slower pace. In this century it will be USA, CHINA and INDIA competing for everything.
@mufasa0
@mufasa0 4 месяца назад
In Recent times I'm noticing something is that every Muslim ☪️ country is failing and becoming more poor and suffering from economic crises isn't that weird 😂
@algeriableentertainment5178
@algeriableentertainment5178 4 месяца назад
that's not true . there are a lot of prosperous rich muslim countries from south east asia to gulf countries to adrbejan to brunei to many others . some countries in the middle east are not stable economically or politically since forever . i could count you dozens of poor failing christian countries in africa or americas although their failure have nothing to do with countries' religion.
@algeriableentertainment5178
@algeriableentertainment5178 4 месяца назад
you're indian i guess so you probably have worked or your siblings or one of your family relatives in a muslim country before
@mufasa0
@mufasa0 4 месяца назад
@@algeriableentertainment5178 yes brother I'm Indian 🇮🇳 the fact is other Muslim countries like UAE, Saudi Arabia, Indonesia, Qatar are rich just because these countries are secular and they don't force their islamic ideologies on you and their economy is heavily dependent on Tourism and Oil that's it Once it is finished the game is over and other Muslim countries like Bangladesh, Pakistan, Egypt, Iran, Iraq, Afganistan, Jordan, Syria, Turkey and some African Muslim countries etc. are suffering from economic crises or instability because of their radical islamic ideology and that's a fact if you don't believe me you can do research or read case studies about these countries economic failure
@nottera
@nottera 4 месяца назад
@@mufasa0Saudi Arabia is secular and don’t force religion? 😂😂
@Globalurb
@Globalurb 4 месяца назад
Gulf countries, Malaysia, Brunei, Azerbaidjan and Indonesia (the later one feels more "Islamic" than Arab countries) are doing relatively well. Senegal and Bangladesh economies are growing. Maghreb isn't getting poorer (but not richer either).
@pirst1sunshine725
@pirst1sunshine725 2 месяца назад
Every where there is good and there is bad Because we are not in paradise and living with angels If egypt has poverty .every where has poverty And also overpopulation Toursim depatment need to organize that area But if iran was free to take its own decision about her internal affairs or any middle eastern country "countries of third world" , Egypy would do so ..
@jacobcollins3954
@jacobcollins3954 4 месяца назад
Bitcoin is hope. Study Bitcoin.
@Bb_bb-n4y
@Bb_bb-n4y Месяц назад
كله من المكسيكي
@woozyz2769
@woozyz2769 4 месяца назад
IMF and WB............. even a kid will tell you not to take their shady deals
@shauncameron8390
@shauncameron8390 5 дней назад
But Egypt's own economic mismanagement made them a necessity if only to avoid collapse and unrest.
@Barweezy
@Barweezy 4 месяца назад
You’re talking about a 42% debt to GDP ratio like it’s a bad thing lol. That’s 1/3 that of the United States.
@toxicityuser
@toxicityuser 4 месяца назад
42% debt to gdp ratio is high? have you checked the debt to gdp ratio of the us?
@krasavchik8714
@krasavchik8714 4 месяца назад
US is highly developed industrial nation. (At least for now) Egypt is not. Debt for US and debt for Egypt is a completely different reality.
@Lover-ji3je
@Lover-ji3je 4 месяца назад
I was upset because I wanted to buy their 18k Egyptian gold scarab pendant but they took so long to make it. I was staying at the hotel and I wanted to buy it but it was never finished so I declined the transaction. It took so long to make! The tourism in Jordan is nicer and friendly to LGBT tourists.
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