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Egypt’s investment problems: The Cemex case

By Iris Boutros The young, new Minister of Investment, Yehia Hamed recently announced that the government would not sell or privatise any of the public sector companies while in a meeting with the Egyptian Aluminum Company in Naga Hammadi, Qena, according to Egypt’s State Information Service on 14 May. He assured workers of public sector …

Daily News Egypt

In search of real reform

Despite the growing crisis, Egypt may be better resisting the temptation to do too much too soon In the discussion over the worsening economic crisis facing Egypt, there has been at times an implicit attitude towards Egypt’s future: the country needs only to get back on the horse. A few decisive moves to reduce the …

Rasheed Hammouda

Egypt: Too big to bail!

An interesting assumption is continuously being adopted by many of Egypt’s intelligentsia as well as political analysts: “Egypt is too big to fail!” Several people have weaved their own theories touting Egypt’s strategic position and weight in the region which will make it unwise for the “powers that be” to allow it to descend into …

Dr Mohamed Fouad

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