Tourism decline hits HSBC
HSBC has shut down two of its branches recently in Sharm el-Sheikh and Hurghada because of the slowdown in the tourism sector.
The paradox of a military-sponsored civilian rule
Supporting a military dictatorship to impose our ideals is paradoxical and is neither civilian nor secular and will only perpetuate the presence of the deep state, if not further entrench…
Editor’s letter: Irreversible optimism
We don’t let ourselves get stuck with these miserable realities on the ground, simply because we look to the future. Not to the near future, but to the medium- and…
Ministry of Finance approves EGP 1bn for domestic wheat purchase
The Egyptian Ministry of Finance has allocated an additional EGP 1 billion to Ministry of Supply and Internal Trade to facilitate the domestic purchase of wheat, part of a total…
SCAF, Islamists and the‘instable’ nation
The delay of announcing the official results of presidential elections raised fears and doubts among almost all Egyptians. Questions keep popping up every morning, while Egyptians debate who will conquer the pitched…
Anti-regime protests spill over to Sudan
Over the past week police have been firing tear gas, beating protestors with batons, as well as conducting mass arrests of activists.
FJP refutes Al-Dostour ‘mass assassination’ claims
The Muslim Brotherhood Freedom and Justice Party will pursue legal action against Al-Dostour Newspaper, charging the daily with slander, libel and defamation
World stocks mostly slide after Moody’s downgrades
World stock markets mostly fell on Friday after the economic outlook in Germany soured sharply, with bank shares in focus after Moody’s downgraded some of the biggest names including HSBC
G20 reinforces EU aspirations
World leaders convened in Los Cabos, Mexico on the 18th and 19th for the G20 summit. The tentatively optimistic spirit of the conference was evident in the pledge by member…
Egyptian powers offer a “third exit”
Representatives of liberal parties presented Egyptians with a ‘third option’ on Saturday, citing a need to heal divisions in lieu of a contentious Egyptian presidential election, and a recent move…
