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JSPES,
Vol. 44, No. 1-2 (Spring-Summer 2019)
pp.
39-63
Swings in the Economic Relations Between Egypt and the UAE
Suzanna
Elmassah
Faculty
of Economics & Political Science
Cairo University College of
Business
Zayed University
The
economic relations between Egypt and the United Arab Emirates
(UAE) are often viewed as stable and well established. Yet, in
the past 45 years, these relations have experienced significant
swings. Maintaining solid economic ties with the UAE is
essential for Egypt. The benefits of these relations come in the
form of economic and political agreements along with important
investment projects that have created thousands of jobs for the
Egyptian economy. The existing literature is primarily focused
on the economic relations between Egypt and Gulf Cooperation
Council (GCC) countries in general and it either relies on a
particular aspect of this relationship or has analyzed a
specific time period. This paper is a first in investigating the
different aspects of the economic relations between Egypt and
the UAE since the 1970s. We provide a comprehensive assessment
of these relations under different political regimes and argue
that politics has played an important role in shaping the
economic relations between the two countries.
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