Egypt’s parliament approved a law on 14 July 2026 granting the Future of Egypt Authority vast powers over food imports, land, and sovereign funds, deepening military economic control.
Africa · Northern
Key Facts
—Parliamentary approval. Egypt’s House of Representatives gave final approval to the law on 14 July 2026, now awaiting presidential ratification.
—Direct presidential control. The authority moves from Defence Ministry oversight to direct subordination to President Abdel Fattah al-Sisi.
—Strategic commodity monopoly. The body becomes Egypt’s sole authorised state importer of wheat and other strategic food products.
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