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Review: Commentaries explore new revolutionary bloc and IMF loan

Writers in different newspapers have praised the newly established national revolutionary bloc and its objectives to protect the 25 January Revolution demands. On another level some commentators called upon Egyptians to decide their own destiny, rather than waiting for a devoted leader to come save the country.   The national revolutionary movement bloc Mohamed Salmawi …

Daily News Egypt

Rebel Economy Wrap: The IMF dam

By: Farah Halime Billions of dollars of financing earmarked for Egypt is mounting up behind an International Monetary Fund (IMF) dam. Until Egypt agrees a final deal with the IMF for a $4.8 bn loan package, none of the estimated $14.5 bn in additional financial support and aid will be released. The effects of the …

Daily News Egypt

Egypt updates its economic plan to obtain IMF loan

The government is in the process of updating the economic plan it presented to the International Monetary Fund (IMF) in an attempt to secure the $4.8 billion loan desperately sought by Egypt. “One part is to see, go back and revisit those measures that they had put on hold, which they need to reinstate” and …

Mohamed Salah

Folly to be wise

By Philip Whitfield Undressing the tree, the Christmas cards tease. Bundle and bung? Or pause wistfully. The ones from Palestine are most inclining. Not from bullyboys or assassins. They hail from everyday folk. One draws most attention. The writer points out that when O little town of Bethlehem is sung seldom think of today’s city …

Fady Salah

Financial community pessimistic

By Mahmoud Kasas Experts in finance and investment banking agreed that the government’s recent decision to postpone the signing of the $4.8 billion IMF loan will have a negative impact on the country’s economic climate. “Postponing the loan will deter investors seeking to do business in Egypt,” said CEO of CI Capital investment bank, Mahmoud …

Fady Salah