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Reactionary not progressive: Egypt’s economic policy

By Farah Halime In a desperate move to save power, Egypt’s international airport will close most of its runways for four hours each day from early June, Reuters has reported. The airport is the latest casualty of Egypt’s struggle to pay for fuel imports. As if to soften the blow, Reuters quoted the civil aviation minister Wael al-Maadawi …

Daily News Egypt

The IMF loan in the context of economic reform

The air of ambiguity surrounding Egypt’s receipt of the IMF loan provides a distraction from what the loan is really about, and the clandestine nature of the negotiations goes a long way towards substantiating the true objective of the loan. For the sake of dodging bouts of public rage in times when they’re as frequent …

Mohamed El-Bahrawi

From the other side: Amr Moussa stay at home

We do not mention his involvement in the crime. Nor do we mention his defence to the matter. We do not know of his opposition to an error. Nor do we not know of his political stance. He is Amr Moussa, the veteran diplomat with a long history of nearly 53 years of service in …

Gamal Eid

Government begins debt swap negotiations with European countries worth $1b

By Islam Zayed A high-ranking source at the Ministry of Finance (MOF) revealed that the government is working on several projects regarding relief of public debt, reduction of budget’s deficit and reforming the Egyptian economy, all in parallel. The Foreign Relations Department at the Ministry of Planning and International Cooperation (MPIC) continues to negotiate the …

Daily News Egypt