Another day of praise for the Egyptian economy in the foreign press. FT’s Dan Pogler feels that Egypt’s economy is indeed turning a corner, showing signs for the first time since 2011 that it is moving towards an upward trajectory. These signs include both the fast appreciation of the EGP and the interest in Egypt’s debt instruments by foreign investors, not to mention rising tourism receipts and remittances. And it’s all thanks to the reform agenda, centered on the EGP float. The budget deficit, inflation, public debt, and higher energy prices leave question marks on whether this recovery can be sustained, but Pogler views these as fleeting.

Meanwhile, Linda S. Heard of Arab News takes it a step further pairing economic successes of the El Sisi administration with the positive turns on the diplomatic front, namely the improved relations with the US after Trump. She does not mince words on the UK and its flight ban, saying that the move to suspend flights was an unprecedented decision to punish a victim of terrorism Meanwhile, Geopolitical Monitor also feels that Egypt may have turned the corner, but says more needs to be done by way of dismantling corruption and cronyism. Either way the recovery has bought the government more time to maneuver.