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Al-Sisi reveals plan to develop metallurgical industries

By Mohamed Ayyad Presidential candidate Abdel Fattah Al-Sisi announced his intentions to develop the metallurgical industries, saying that he seeks to shift from the export of raw minerals to the process of manufacturing minerals in Egypt and exporting them. The electoral platform said that this will achieve added value for the national economy and raise …

Daily News Egypt

Tomorrow’s Egypt

By Johannes Amin Makar  “For a century and a half the Arab world has been following a negative policy. It has known what it wanted to do away with, but it has not known what it wanted to build. […] Democracy was only a veil for dictatorship. Constitutions framed in the interest of the people of …

Daily News Egypt

To stop terrorism, Egypt needs support and reconciliation

By Daniel Nisman When he is (eventually) elected to Egypt’s Presidency, former Field Marshal Abdel Fattah Al-Sisi knows the Everest of his policy goals will be restoring the country’s floundering economy. But before he can take on the monumental task of ensuring food and petrol stability to a largely impoverished country of over 85 million, Sisi …

Daily News Egypt

Egypt must earn back its tourists

By Alexander Liddington-Cox Egypt’s tourism industry is in pain and travel warnings from foreign governments seem a fair scapegoat for their sufferings. But these warnings are reasonable responses to continuing security threats that are again embracing tourists. It’s up to the winner of this month’s presidential election, not foreign governments, to make the case that it’s …

Daily News Egypt

Interim government striving to reduce prices by restructuring public sector companies

By Mohammed Ayad The government is set to remove various heads of its holding companies in a step aimed at restructuring the crisis-stricken public business sector and increasing competitiveness through price adjustment, according to the prime minister’s spokesman, Sherif Shawky. Shawky added that Prime Minister Ibrahim Mehleb is consulting with Minister of Industry Foreign Trade …

Daily News Egypt

Boss and battikh

  The first interview with former army chief-turned presidential candidate Al-Sisi was viewed by a majority of Egyptians. While some saw it in the air-conditioned comfort of their own home, on a street in downtown Cairo, it was displayed on a makeshift screen for anyone who happened to pass by. In true Cairene fashion, patrons …

Daily News Egypt

In a league of his own: Sisi is not the heir to Nasser’s legacy

By Rasheed Hammouda and Mohamed Ibrahim This article is the first of a three part series. The aim of this series is to dispel the increasingly widespread belief held by both supporters and detractors of Sisi that the circumstances he faces and the actions he takes are similar to those of his predecessors, specifically Gamal …

Rasheed Hammouda

Sabahy’s challenge

Egypt’s leftist politician Hamdeen Sabahy has become the second candidate after ex-army chief Abdel-Fattah Al-Sisi to formally join Egypt’s presidential race. The Sisi/Sabahy presidential race evokes memories of the farcical Mubarak/Ayman Nour election in 2005. Nevertheless, some perceive Sabahy’s challenge as a brave one. However, regardless of the intentions of the military-backed interim authority and how it …

Nervana Mahmoud

War breaks out

By Philip Whitfield Before conniptions consume, inhale the acronyms. FAG: (For/Against Government), IMP: the British Imperial Tobacco Group the world’s fourth-largest ciggie peddler flogging 320bn cigarettes a year (Davidoff in Egypt) after PMI: Philip Morris International (Marlboros / Merit), BAT British American Tobacco (Rothmans/Dunhill) and arriving on the 1 July JT Japan Tobacco (Winston/Salem). And …

Daily News Egypt

gallery

In Pictures: Portraits of Al Sisi in Cairo

Portraits of retired army chief and presidential candidate Abdel Fattah Al-Sisi photographed on 12 April  2014 in the Egyptian capital Cairo. Sisi is expected to win the May 26-27 presidential election riding on a wave of popularity and aided by an intensive media campaign after ousting former Islamist president Mohamed Morsi in July 2013. AFP …

Daily News Egypt

Egypt bourse hits 8-week low

Reuters – Egypt’s main index dropped 2.3% to its lowest close since 11 February. The benchmark has fallen 14.7% from 26 March’s five-year closing high. The sell-off came after Abdel Fattah Al-Sisi said he would run for president; investors, most of whom favour Al-Sisi, had bid up the market ahead of the announcement and took …

Daily News Egypt

Sisi’s covert clues

By Philip Whitfield Gettysburg 1863: Government of the people, by the people, for the people. Ashen, sick as a dog, Abraham Lincoln barely lasted another 15 months on earth. The wireman was away supping. Missed the iconic two minutes: 271 words of epigrammatically pithy eloquence: Four score and seven years ago our fathers brought forth …

Daily News Egypt

Managing editor Rana Allam

What am I going to tell my reporters?

Nine months ago, last July, when the army backed the people who took to the streets on 30 June and Al Sisi came out in all his glory reading the armed forces statement which included almost everything protesting Egyptians demanded at the time. A specific roadmap was announced and a temporary civilian president was instated. …

Rana Allam

Whose economic president?

The opportunity for presidential hopefuls to announce their intentions is now. So far, two have made themselves known, former Minister of Defence Abdel Fattah Al-Sisi and Nasserist politician Hamdeen Sabahy. Perhaps others will announce their candidacy, but it is unlikely that any will greatly change the contest. Most expectations are that Al-Sisi will be elected …

Iris Boutros

Egypt bourse rebounds

Reuters – Egypt’s index, which had lost 8% of its value in the previous three sessions, rebounded on Tuesday to close 1.5% higher. The dip was a result of profit-taking by investors who had built up positions in anticipation of former army chief Abdel Fattah Al-Sisi’s run for president. Sisi, who investors hope will stabilise …

Daily News Egypt

Egypt’s bourse posted its biggest percentage loss in seven months

Reuters – Egypt’s bourse posted its biggest percentage loss in seven months on Monday as local investors continued to book profits on positions built in anticipation of former army chief Abdel Fattah al-Sisi’s run for president. The main Cairo index tumbled 3.6% to 7,805 points, dropping for a third session in a row, as all but two of …

Daily News Egypt