Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Putin approvesexperts for talks with Ukraine: Kremlin
Russian Deputy FM Galuzin, Head of General Staff Kostyukov, Deputy Defense Minister Fomin will participate in Istanbul talks: Kremlin
Russian presidential aide Medinsky will lead Russia delegatioon at Ukraine talks: Kremlin
Putin approves composition of Russian delegation for negotiations with Ukraine: Kremlin
Abu Obeida posts on X, commenting on the West Bank operation amid Israeli rumors that he was assassinated
Israeli media: An Israeli settler was killed and two others were injured in the shooting near Salfit
Israeli emergency service: The shooting near Salfit resulted in two injuries, one in extremely critical condition and the other in serious condition
Palestinian sources: Two Israelis were injured in a shooting operation near Nablus in the northern West Bank
Ukrainian President Volodymyr Zelensky: I am waiting to see who will arrive from Russia. Then I will decide what steps Ukraine should take
Ukrainian President Volodymyr Zelensky: Ukraine ready for any format of negotiations to end war with Russia

Egypt presidential election to take place on December 10-12

  • By Al Mayadeen English
  • Source: Agencies
  • 25 Sep 2023 21:23
3 Min Read

Egypt will be voting for President starting December 10 with the elections lasting through December 12, with only two candidates declaring their intention to run thus far.

  • x
  • A man reads a newspaper in Cairo, Egypt, Sept. 8, 2022 (AP Photo/Amr Nabil)
    A man reads a newspaper in Cairo, Egypt, on Sept. 8, 2022 (AP Photo/Amr Nabil)

Egypt has announced plans for a presidential election to take place from December 10 to 12, as the nation grapples with quite a tough economic crisis.

Although President Abdel Fattah El-Sisi, who has been president for nearly 10 years, has not yet formally declared his candidacy, state-backed media has already disseminated messages of support from pro-government entities.

El-Sisi, 68, initially assumed office in 2014 following his role in the ousting of then-President Mohamed Morsi. He later secured a landslide victory in the 2018 election, defeating one of his own supporters.

Only two other candidates have expressed their intention to participate in this upcoming election thus far, including opposition figure Ahmed al-Tantawi, who claims he was harassed constantly by security forces.

The election was originally anticipated to take place in the spring of 2024, but it has been moved up, with some experts suggesting this shift is intended to precede a potential transition to a more flexible exchange rate, a move that could further exacerbate social tensions in Egypt, and its population of 105 million.

Read next: Egypt to build 35 more natural gas wells in 2 years for $1.5 billion

Related News

US returns stolen ancient artifacts to Egypt

El-Sisi, Putin discuss strategic cooperation on sidelines of V-Day

The candidacy application period is set to open in October, and the final candidate list will be confirmed by November 9.

Campaigning will continue until November 29, with the election winner to be announced on December 18, as announced by Judge Walid Hassan Hamza, Chairman of the National Election Authority.

Perilous situation

In a sequence of devaluations that began in March 2022, the country's currency has depreciated by 50%, leading to a surge in consumer prices in this import-dependent economy.

Last year, the International Monetary Fund granted Egypt a $3 billion loan on the condition that the country adopts a flexible exchange rate regime as a permanent shift.

Despite this, the government has maintained a fixed exchange rate of roughly 31 Egyptian pounds to the US dollar since January. However, prices have continued to soar due to a thriving parallel currency market driven by a severe shortage of foreign exchange.

In August, annual inflation hit a record high for the third consecutive month, reaching 39.7 percent.

To mitigate the economic challenges, President El-Sisi's administration has introduced a series of social protection measures and minimum wage increases.

  • Egypt
  • Abdel Fattah el-Sisi
  • Egyptian Presidential Election

Most Read

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
A boy draped in a Palestinian flag carries a mock rocket during a weekly anti-US and anti-Israeli rally in Sanaa, Yemen, Friday, May 9, 2025 (AP)

Yemen announces hypersonic missile strike on Ben Gurion Airport

  • Politics
  • 9 May 2025
President Donald Trump, left, greets Israeli Prime Minister Benjamin Netanyahu at the White House, Monday, April 7, 2025, in Washington (AP)

US pressures 'Israel' for Gaza deal; Witkoff's Israeli rebuke leaked

  • US & Canada
  • 9 May 2025
Why the Israelis cannot win in Gaza or Yemen

Why the Israelis cannot win in Gaza or Yemen

  • Opinion
  • 7 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
A Fly Dubai plane is parked on the tarmac at Ben Gurion International Airport in the Occupied Palestinian Territories, Sunday, Nov. 10, 2024 (AP)
Economy

Israeli tourism suffers $3bln loss amid 'unprecedented' crisis

Israeli Prime Minister Benjamin Netanyahu speaks during an annual ceremony in al-Quds, Occupied Palestine, April 29, 2025 (AP)
Politics

Netanyahu refuses to budge, captive talks stall: Israeli officials

Susan Sarandon joins hundreds urging BBC to release delayed Gaza film
Europe

Susan Sarandon joins call for BBC to air documentary on Gaza medics

In this photo released by the Saudi Royal Palace, Syria's interim President Ahmad al-Sharaa, left, shakes hands with President Donald Trump, centre, in Riyadh, Saudi Arabia, Wednesday, May 14, 2025 (AP)
Politics

Trump worries 'Israel' with Syria sanctions lift: The Times

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS