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Why should the young man move?

In the early days of the revolution, and since then over the last two years, my gaze has often been focused on the young Egyptian who has repeatedly climbed the lamp-posts of Tahrir Square in order to wave a flag in front of the masses. Because I have bad vision, whenever I go to the …

Farid Zahran

Shahira Amin

Crisis over constitution shows no sign of easing

Egyptians living abroad headed to polling stations on Wednesday to vote in a popular referendum over the country’s first post revolution constitution. In Egypt meanwhile, controversy over the proposed constitution deepened. Rival mass protests were held nationwide on Tuesday ahead of next Saturday’s vote on the draft document. Tensions have been running high since President …

Shahira Amin

Morsy’s political crisis

For the past week we have been living in the shadow of civil strife caused by the president’s recent decisions. A state of deep polarisation has been created between all those who associate with Islamic political forces and those who associate with non-religious ones. Morsy’s recent constitutional amendments were not only a surprise to everyone …

Fady Salah

Scratching the surface of the financial crisis

For several weeks now, state-run media has been depicting a somewhat rosy outlook on the economy. Government officials are downplaying the gravity of issues; prominent figures such as Hassan Malek spew comforting statements,citing the pending influx of foreign investment and loans from international financial lenders and governments. The IMF loan , which would shore-up the …

Mohamed El-Bahrawi

ECB hints at new bond-buying scheme

Details of a new bond buying plan by the European Central Bank (ECB) fueled a surge in some Spanish and Italian debts and increased mediated talks between European leaders. German Chancellor Angela Merkel met with the President of the European Union (EU) Herman van Rompuy in Berlin on Tuesday, while French President François Hollande travelled …

Luiz Sanchez

Calls to fix energy pricesfor factories

The Exports Council for Construction Materials (ECCM) will hold an urgent meeting this Sunday to request Prime Minister Hesham Qandil fix energy prices for factories. The ECCM plans to ask for a detailed five year plan to fix energy prices for industries. Waleed Gamal Eldeen, Presidentof the ECCM, said the energy prices instability is causing …

Daily News Egypt

Bailout request by Spain would not affect debt rating: S&P

Madrid (AFP) – Ratings agency Standard and Poor’s said Wednesday that if Spain requested a full bailout from European Union rescue funds and the IMF, this would not affect the country’s debt rating. “The sovereign ratings on the Kingdom of Spain would likely not be directly affected should Spain’s government request a bailout through official …

Daily News Egypt

Ministry of Electricity ready with third contingency plan

By Salah Elmenoufy The Ministry of Electricity (MOE) determined the new sites where it will implement its third contingency plan to meet the summer’s demand. Sources said that the plan includes establishing new power generation units in a number of already installed stations. These units will be established in Elseyuf station in Alexandria, Elmahmodeya, Damanhour …

Daily News Egypt