The potential of Egypt’s soft power post Arab Spring
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DOIhttps://doi.org/10.21511/gg.01(1).2017.02
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Article InfoVolume 1 2017, Issue #1, pp. 12-16
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After being called ‘Hollywood of the East’, Egypt’s soft power has witnessed a decline from the start of the years 2000s; due to 9/11/2001 and its aftermath, until it reached its lowest point since the Arab Spring in 2011. The deterioration hit its media sector, arts industry, sports and diplomacy. However, since 2014 a revival for one of its soft power capabilities happened. Its diplomacy. Diplomacy is on the rise and has some potential to restore Egypt’s status as ‘an active’ regional player. To illustrate that Egypt is now a temporary Security Council member in the United Nations for two years. This status earned after a lot of recommendation from Arab, African and Islamic blocks in the Security Council. To win this seat it required a lot of diplomatic efforts and lobbying which were successful at the end after being absent from non-permanent membership in UNSC since 1997. The first signs of decline in its diplomatic power started in 2006. This was due to USA’s neglect for Egypt and putting a lot of pressure on it from Bush junior’s Administration to comply with US values and interests in the region. This has been accentuated in the Bush Doctrine and was a natural outcome of September 11 attacks in 2001. The argument in here is that despite the decline in Egyptian status on all levels, and its soft power among them, due to turmoil resulting from the Arab Spring yet Egypt still has potential for revival and gaining a leading role due to its soft power. This study will be based on qualitative analysis to prove the argument. A diplomat and an academic have been interviewed to further illustrate the ideas expressed in this article. There are a number of issues that show success in Egypt’s diplomacy to prove this argument since 2014.
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JEL Classification (Paper profile tab)F51, F59
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The impact of the share buyback process on financial performance: An economic and accounting perspective. Evidence from Egypt
Hossam Hassan Mahmoud Al Sharawi
doi: http://dx.doi.org/10.21511/imfi.19(1).2022.16
Investment Management and Financial Innovations Volume 19, 2022 Issue #1 pp. 210-224 Views: 1201 Downloads: 1597 TO CITE АНОТАЦІЯThis study aims to investigate the impact of the share buyback process and its motives on financial performance from an accounting and economic perspective. The study sample consisted of 66 firms listed on the Egyptian Stock Exchange from 2009 to 2020 and employed the OLS regression analysis. The results show a positive effect of share buybacks on financial performance, measured by the added economic value (EVA) and the return on equity (ROE). In contrast, the results show an insignificant effect of share buybacks on the return on assets (ROA). The study found that management’s motives to buy back shares affect a company’s financial performance. The study also found that management’s motive to achieve a cash surplus improves the company’s financial performance. The study also found that the company’s management motive to increase earnings per share is one of the most important motives for the company to buy back shares, which also improves the company’s financial performance. The study also showed that the economic value added (EVA) is one of the most important measures of financial performance, in which the repurchase of shares had the most significant impact in improving it over the return on assets or the return on equity. However, the study did not find evidence that the firms repurchase of shares out of increased financial leverage affects the financial performance. Moreover, the study found that increasing earnings per share is the most crucial motive for sharing buybacks in the Egyptian market.
Acknowledgments
I thank Jeddah International College for funding this research and continuous support from the Dean, Dr. Tariq Hamdi, and the general manager, Mr. Yazid Al Tunisi.
I thank Professor Dr. Mohamed Tahoun, Professor of Financial Accounting at Alexandria University, for reviewing this research before sending it to the journal. -
The impact of fiscal policy on female labor force participation in Egypt
Emad Attia Mohamed Omran 
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Yuriy Bilan
doi: http://dx.doi.org/10.21511/ppm.21(4).2023.28
Problems and Perspectives in Management Volume 21, 2023 Issue #4 pp. 361-369 Views: 346 Downloads: 89 TO CITE АНОТАЦІЯThere is no doubt that women play a vital role in all aspects of economic activities around the globe. However, despite the great efforts that governments have made over the past three decades to increase women’s integration into the labor market, their participation is still relatively low compared to men. On the other hand, economic literature argues that the government can use fiscal policy tools such as tax revenue and spending to decrease gender inequality in the labor market. The aim of this paper is to investigate the impact of government spending and tax revenue shocks on the female labor force participation rate (the share of women in the total labor force) in Egypt. Annual time-series data were collected from the Central Bank of Egypt and the World Bank from 1990 to 2021, where the vector autoregressive (VAR) model and impulse response functions have been used. The results suggest that government spending and tax revenue shocks increase gross domestic product (GDP) growth rate, female labor force participation, and inflation. Results validated the research hypotheses and showed that a one standard deviation shock to either government spending or tax revenue has a positive impact on female labor force participation. Therefore, the study recommends that using an expansionary fiscal policy may increase the accessibility of Egyptian women to the labor market.
