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Review: The media, Qatar and businessmen

One columnist addresses what he sees as flaws in the media, and another addresses current economic issues, including reconciliation with businessmen such as Sawiris and Ezz, and the issue of receiving money from Qatar. Four Subjects Dr Ahmed Khaled Tawfik Al-Tahrir newspaper Author Dr Ahmed Khaled Tawfik addressed the state of the media in his …

Thoraia Abou Bakr

Egypt and the IMF: Between rhetoric & reality

By: Mohamed A. Fouad In a recently televised interview given to Al-Jazeera Channel, Egyptian president Mohamed Morsi has asserted that the delay in the International Monetary Fund (IMF) negotiations is largely due to “Egypt’s refusal to succumb to the IMF’s terms”. This marks the continuation of rhetoric which attempts to politicise a simple loan. This rhetoric …

Daily News Egypt

Qandil arrives in Doha

An Egyptian delegation led by Prime Minister Hesham Qandil arrives in Qatar on Tuesday evening to discuss eight new investment projects

Emily Crane

After Arab Spring, Islamists test religion in economics

By Farah Halime With the rise of political Islam across North Africa in the wake of the Arab Spring uprisings of 2011, Islamic finance is being touted as the solution to decades of unemployment and economic inequality. “We’ve tried socialism, we’ve tried capitalism, now we’re trying Islam,” cried supporters of Mohamed Morsi, when he was …

Daily News Egypt

Egypt’s Islamist Groupies

There are few Egypt’s president can rely on more in these economic hard times than his band of Islamist brothers. Key financial supporters from Islamist-led governments have come through with cash injections at times of extreme economic hardship, when Mohammed Morsi faced a spike in inflation and subsequent social unrest. Egypt’s Islamist groupies, including Qatar, Turkey, …

Daily News Egypt

Egypt’s Economic Crisis Growing

By Sherif Elhelwa Egypt’s political and civil unrest is combining with economic decline to threaten the country’s future. President Mohamed Morsi’s decision to remove government subsidies from some forms of energy and to establish ration cards for gasoline has sparked popular anger. Dozens of Egyptians were injured when thousands of supporters and opponents of Morsi’s …

Daily News Egypt

Egypt’s untold diesel story

By Farah Halime The people at Cairo-based brokerage firm Pharos Holding have sent investors a thorough breakdown of the reasons behind Egypt’s diesel crisis. Titled “Diesel Crisis: Unquoted Figures and Untold Stories. The Secret behind Diesel Shortages in Egypt”, the document sheds light on the country’s fuel crisis. Pharos Research sourced diesel import data from the main government …

Daily News Egypt

Pity Sawiris

At a time when many Egyptian workers are protesting against the chief executives of companies demanding better rights, employees at Orascom Construction Industries demonstrated an unusual display of loyalty against accusations from the government that the company owes EGP 14bn ($2.1bn) in back taxes relating to the 2007 sale of its cement arm to France’s Lafarge. Hundreds of …

Daily News Egypt