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Is Morsy pivoting eastwards?

Last week was quite eventful for our illustrious president. From his visit to China to his presence in the Non- Aligned Movement’s (NAM) summit, Morsy’s political clout has been progressively expanding as he strives to reinvigorate the image of Egypt, the leader of the Arab world. Since his ascent to power, Morsy has confidently taken …

Mohamed El-Bahrawi

The Social Media Illusion

The demonstrations of August 24 did not turn out to be politically significant, especially after major political forces decided to abandon them. The demonstrations were controlled by individuals who possess no experience in mobilizing for collective action and lack credibility within Egyptian political life. However, these demonstrations brought to the scene two valuable lessons, first, …

Ziad A. Akl

Review: Columnists analyse Morsy’s meetings in China and Iran

After President Mohamed Morsy’s two last visits to China and Iran, columnists across Egyptian newspapers analyze his speech at the Non-Aligned Movement Summit in Tehran and the new Chinese grant. Some praised Morsy’s early steps towards a new page of Egyptian international relations, others see that his trips, especially that to Iran, will add to …

Daily News Egypt

Central Bank to issue more bonds and treasury bills

The Ministry of Finance announced the Central Bank of Egypt is to issue treasury bills and bonds, amounting to EGP 52 billion during September, state-owned news agency MENA has reported. The government will issue 91 day, 182 day, 273 day and 364 day treasury bills, amounting to EGP three billion, EGP eight billion, EGP 15 …

Daily News Egypt

EFSA enact new regulations for changing stocks’ closing price

Chairman of the Egyptian Financial Supervisory Authority (EFSA), Ashraf El-Sharqawy, approved new regulations for changing stocks’ closing price, suggested by Egypt’s Stock Exchange (ESE) board of directors, in order to stem closing price manipulations that delay trading operations. The new regulations stipulate that in order to change a stocks’ closing price, the number of shares …

Islam Serour

And an ostrich in a palm tree

Maybe El-Brince shares my appreciation of this strange looking, pea-brained, fast running mega bird. Our long-necked, feathered friend is revered for its ability to plunge its head in the sand to avoid seeing what should remain hidden from plain view. And given what purportedly went on is this villa the poor animal must have spent most of its time faced down.

Adel Heine

Bergamon: Egypt’s last Rango player

I learned to play the Rango out of love and a dedication to these instruments, the tanboura, the simsemeya and the Rango, which go together as the violin and the cello do in the Western tradition,” Bergamon explained. “There used to be many who had mastered the instrument, but the last of them died last year.

Daily News Egypt

New movies this week: a lot more of the same

Ted Ted tells the story of a teddy bear who comes to life when his young owner, John Bennet, wishes on a star. The walking, talking bear becomes famous for a while, making TV appearances and the like. Mark Wahlberg plays the adult Bennet who is still loyal to his by now bitterly disappointed, pot-smoking, …

Adel Heine

Review: Mory’s visits to China and Iran overwhelm Egyptian columnists

As Morsy nearly finalises his three-day journey to China and heads towards a supposedly short, yet very unique, trip to Tehran, opinion writers in almost all Egyptian newspapers dissect the main reasons, repercussions and expected outcomes of the President’s two important visits. Some writers have refuted arguments that Egypt has the potential to swiftly follow …

Daily News Egypt