The War on Egypt's Middle Class: How International and Regional Banks Hijacked the Economy Talaat Harb Built
The Visionary Who Saw the Trap In 1907, before the Great War, before the revolution, before the world had heard of Zionism, an Egyptian economist published a book. His name was Mohammed Talaat Harb . His book was called “The Economic Remedy of Egypt and Creating a National Bank.” It was a warning, a blueprint, and a prophecy. Harb had watched as foreign banks - British, French, and Italian - siphoned Egypt’s wealth through their ledgers. The loans were signed in Cairo. The interest flowed to London. The land was worked by Egyptian farmers, but the profits belonged to absentee shareholders. Harb saw the trap being laid, and he raced to build a door. In 1911, he convened the first national conference to discuss the establishment of an Egyptian bank entirely owned by Egyptians. His vision was rejected. Not because it was unworkable, but because it threatened the colonial order. Foreign bankers whispered to the Khedive. The project was shelved. Then came the 1919 Revolution . The British ...