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Review: Columnists debate Morsy’s poor performance

Several columnists have denounced Morsy’s recent visit to Germany as an example of his failure to consider the deteriorating political situation in Egypt, criticising his decision to visit Berlin amid the political uproar. Some highlight that many Egyptians regret their choice of Morsy as president.   The failing trip to Germany Mohamed Salmawi Al-Masry Al-Youm …

Daily News Egypt

Review: Commentaries advise government to prioritise duties

Columnists condemn the poor performance of Hesham Qandil’s government in the wake of a series of sad incidents that took place last week.  Some writers are asking the cabinet to pay extra attention to the basic needs of the poor, instead of focusing on endless internal political disputes.   What does the poor want from …

Daily News Egypt

Reasons for optimism in 2013

By Moustafa Menshawy Cairo – If you live in Egypt, there are many reasons to feel politically, socially and economically pessimistic. Political wrangling and polarisation keeps the country on the edge of civil unrest. Unemployment and poverty grow amid a stagnant economy, insufficient investment and a fragile tourism industry in shambles in the post-revolutionary scare. …

Daily News Egypt

EGX continues sideways movement reflecting market uncertainty

The stock exchange’s main indicator, the EGX30, reflected ongoing instability in the market with a shaky day of trading Wednesday. A slight dip started the day, followed by an up-swing that lasted until midday before it closed at 5,668 points, losing 0.38 per cent of its value. The market has been sensitive to contradictory news …

Mohamed Salah

Maher Hamoud

Editor’s letter: Mubarakonomics

Remember people chanting “Bread, freedom and social justice” twenty months ago? Remember how brilliant it felt summing up all what we needed in a Post-Mubarak Egypt? How does this same and exact slogan feel to your ears now? I guess quite kitsch. Simply, too much shouted and no steps ever taken towards its realisation. Mubarak’s …

Maher Hamoud

Swimming against the current

The government’s prescription to treat the economic recession we’re currently enduring has been a two-fold solution of increasing foreign investment and seeking more international loans. The monetary policy of maintaining the stability of the Egyptian pound against depreciation is a top priority. But how long can the state keep this up? How overvalued is the …

Mohamed El-Bahrawi