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Review: Columnists debate emergency law, Coptic community and Tahrir Square

Across different Egyptian newspapers, columnists have tapped upon various issues that relate to Mohamed Morsy’s rule. Some writers have condemned the debate over female circumcision; others criticise proposals of the new Justice Minister to reinstate the long-lived emergency law. On another note, some commentators discussed how the deteriorating Tahrir Square is calling upon Egyptians to …

Daily News Egypt

FJP inks international deals for erecting six new waste-recycling factories

By Mostafa Salah The Freedom and Justice Party (FJP) concluded an agreement with a number of investors from Turkey and Sweden to establish garbage recycling factories in Alexandria. The project costs are an estimated $50 million. Member of FJP’s Supreme Council Saber Abou El-Fotouh said that prominent businessman Hassan Malek reached the agreement with the …

Daily News Egypt

Finance Ministry issues EGP 4.5b in treasury bonds

By Asmaa Nabil The Central Bank of Egypt (CBE) is to issue treasury bonds today valued at EGP 4.6 billion. The first treasury bond is valued at EGP 1 billion, to mature in 91 days, and the second is valued at EGP 3.5 billion to mature in 266 days. The Ministry of Finance (MOF) also …

Daily News Egypt

Qatar delegates meet in Egypt

The Emir of Qatar, Sheikh Hamad bin Khalifa Al-Thani, visited Cairo for the day Saturday to congratulate President Mohamed Morsy on his recent election victory. It was the first time the Emir had visited Egypt since Morsy took office. After they met with Egyptian officials, the Emir and his delegation attended an iftar hosted by …

Basil El-Dabh

Constitution drafting due September

Spokesman for Egypt’s Constitutional Assembly, Wahid Abdel-Maguid, has announced the assembly will conclude the drafting of articles in September and will then have the drafting committee vote on them. He also told Shorouk newspaper that the constitution would then be adopted in the event of a consensus or voted on if contentious issues arise. He …

Basil El-Dabh

Egyptian Prime Minister Hisham Qandil (C)prepares to lead the prayer over the coffins of the 16 soldiers killed during an attack on a border crossing post in Northern Sinai, during their funeral on August 7, 2012 in Cairo, Egypt-AFP PHOTO/GIANLUIGI GUERCIA

Qandil’s faux independents

The fact that a quarter of ministers in Prime Minister Hesham Qandil’s cabinet remain in posts they held in his predecessor Kamal El-Ganzouri’s cabinet is only the tip of the iceberg

Ahmed Aboulenein

Foreign currency reserves fall by $1.1 billion

By Asmaa Nabil Last July, foreign currency reserves declined by $1.1 billion, reaching $14.44 billion compared to $15.5 billion at the end of June. The Central Bank of Egypt (CBE) attributed the decline to Egypt’s obligation to repay bonds it held, in addition to the repaying of a credit portion to Paris Club countries. This …

Daily News Egypt

Ending the Legacy of Hatred

Egyptians reacted with shock and grief to the news of an armed attack on an Egyptian border post in North Sinai earlier this week. The fact that the attack occurred just as the victims—more than 16 Egyptian border guards—were breaking their Ramadan fast made the deadly incident all the more tragic. Speaking to reporters after …

Shahira Amin

FJP: PM should implement Sinai development plan

By Moustafa Salah The Freedom and Justice Party (FJP) has called on Prime Minister Hesham Qandil to begin implementing the plan to develop the Sinai before the end of the year. The party emphasised the need to develop the Sinai in the wake of the latest terrorist attack on soldiers guarding the border with Israel. …

Daily News Egypt

State of the energy sector address by Petroleum Minister

By Ahmed Tolba In his first statement as Petroleum Minister, Osama Kamal has hinted that energy subsidies could be cut as part of measures to address shortages in Egypt. A number of proposals to rationalise energy consumption would be discussed in the coming period, Kamal said, noting that a large portion of the subsidies benefit …

Daily News Egypt

Minister of Industry: The economy is capable of overcoming the current stage

By Salah El-Monoufy Hatem Saleh, Minister of Industry and Foreign Trade, confirmed that the Egyptian economy is capable of overcoming the current stage, particularly because Egypt has a strong infrastructure, which makes high growth rates possible within the coming period. In a statement, the minister said that during the coming period the ministry will focus …

Daily News Egypt