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What if foreign investment flows in?

Statements on investment and economic achievements made by Mubarak-regime ministers were never met with trust by the general public, while specialists could see that they were nothing more than media fireworks systematically set off to improve the picture of utter destruction the country’s state of affairs had reached. A simple review of the number of …

Mustafa Sakr

Presidential decree solidifies military control of land in Sinai

Within the coming few days a presidential decree is to be issued to amend Sinai Development Act number 14 for the year 2012, which Prime Minister Hisham Qandil’s cabinet approved in its last meeting, state-run Al-Ahram reported Saturday. According to Al-Ahram’s report, the presidential amendment stipulates the establishment of a National Authority for the Development …

Islam Serour

Ministry of Finance to issue more FRNs

The Ministry of Finance has reported it will issue an additional EGP one billion in Floating Rate Notes (FRNs) by the beginning of October. FRNs are bonds with a variable interest rate that changes every six months and is tied to a certain money-market index. According to experts, FRNs provide protection to investors against drops …

Islam Serour

Egypt struggles to boost agriculture and livestock wealth

By Mohamed Gamal In a continuing effort to promote the agricultural sector, Egyptian officials agreed with Qatari businessmen to explore investment opportunities in the Egyptian agricultural sector. Last Friday, Prime Minister Hesham Qandil held talks with a Qatari delegation headed by Sheikh Nasser Bin Mohammed Al Hajri, CEO of Hassad Food, who expressed interest in …

Daily News Egypt

The Economist: Egypt third most indebted nation in the world

By Hend El-Behary Egypt is the third most indebted country in the world, according to the Economist magazine. Egyptian public debt currently stands at US$206.999 billion, which amounts to 82 per cent of GDP. The current economic status could drive Egypt into full financial crisis, the magazine reported. Spain and Greece were the first equal …

Daily News Egypt

The myth of the underdog

Could it all be just a big bubble? How big will the clout of zealous political Islam get before Egyptians begin to realise that it’s just another trick to mobilise masses and score votes? At the expense of painting with a broad brush, political Islam in Egypt might be a bubble close tobursting. The underdog …

Mohamed El-Bahrawi

An empty soapbox

I was all set to leap on my own soapbox. But as I was thinking of how I would heap my arrogant scorn on the heads of those I deem beneath contempt, my plans abruptly changed during my ride to work.

Adel Heine

New in the movies this weekend

Resident Evil: Retribution It would not be our movie preview if we did not get to talk about a sequel. This week’s star is the fifth installment of the Resident Evil series, where viruses turn people into flesh-eating mutants, or something of that ilk. Loosely based on a videogame of yore, a black spandex clad …

Adel Heine

The walls will not be silent

In a sweeping effort to clean up Tahrir and the surrounding area, scores of little men with paint brushes covered the iconic revolutionary graffiti with a thick layer of creamy paint. Effectively creating a huge blank canvas for the spray-painting artists. It took only a few hours before the first new artwork appeared and all …

Adel Heine