Latest in Tag: Abdel Fattah Al-Sisi Highlight
Latest in Tag: Abdel Fattah Al-Sisi

Public banking exemption from Suez Canal certificates ‘necessary’ to maintain liquidity’: Arabiya Online chair
The government’s drive to fund the Suez Canal project through investment certificates is raising fears that private sector banking will be pushed out
International conference to revive Downtown as heritage area via presidential commission
The government is set to hold an international conference, commissioned by President Abdel Fattah Al-Sisi, to revive Downtown Cairo as an important Middle Eastern heritage area after transferring street vendors to a new location. Prime Minister Ibrahim Mehleb said in a press statement Wednesday that “the state recovered the Downtown area from street vendors” and …
New ‘quartet committee’ to regulate financing and implementation of Suez Canal project
Government seeks to complete the development of the Suez Canal on schedule within its efforts to increase resources and reduce unemployment
Tahya Masr donations yet to exceed EGP 5bn: Fund board member
Salah Diab says board of directors are still reviewing how the fund will be used

Finance ministry yet to impose property tax on petroleum companies: Adviser
Public petroleum establishments will be exempted, while private companies will be subject to the law, says senior Tax Authority official

Egypt is witnessing less freedom of expression than under Mubarak or Morsi : John R. Bradley
Daily News Egypt interviewed Bradley to discuss Egypt’s internal political situation and its foreign affairs, ranging from human rights abuses to the recent geopolitical developments in the region.
Popular Front of the Suez Canal Axis considers 1 year timeline for new canal ‘enough’, but economists hold doubts
One year is enough because feasibility, technical studies are done, says Popular Front of the Suez Canal Axis member

Rabaa sit-in dispersal ‘crime against humanity’: HRW
Human Rights Watch report says Rabaa dispersal “probably” amounts to crimes against humanity, as it was “planned at the highest levels of Egyptian government”
Group vows to post blacklist of businessmen not donating to Long Live Egypt Fund
Campaign aims to prompt citizens to boycott companies and products of businessmen who did not donate to the fund
Egypt mourns death of 22 soldiers following militant attack
National Defence Council discusses Egyptian-Libyan border security to avoid further crossing of militants and weapons

Tripartite talks on Ethiopia dam to resume
Egypt, Ethiopia, and Sudan agree to resume negotiations over Grand Ethiopian Renaissance Dam

We are in a state of war, and we will win: Al-Sisi
President Abdel Fattah Al-Sisi meets with Egyptian editors, discusses economic policies and challenges facing the country

Al-Sisi’s economic orientation in his first month, and its influence
Measures to boost economy include reforming taxes and wages, adjusting prices and cutting fuel and electricity subsidies
Al -Tayar Al -Sha’aby seeks to convert the coalition into political party
Spokeswomen says coalition is awaiting the right time to change coalition in a political party

Al-Sisi imposes new taxes on Egyptians at home and abroad
President also issues tax on capital gains on stock market

Al-Nour Party rejects calls for protests on 3 July
Party calls on the Muslim Brotherhood to “recognise reality”, while Brotherhood-backed Anti-Coup Alliance calls for 3 July protests

Young political cartoonists use symbols to fight ‘red lines’
Since the ouster of former president Mohamed Morsi, cartoonist say it has become more taboo to draw the country’s leaders in an unflattering light

Bourse rises 1.13% following budget approval
President Al-Sisi approved the State’s budget setting budget deficit at 10% of GDP
Legislators inundated by conflicting laws, reform committee ‘necessary’: Expert
Legislative reform committee begins work following recent formation by presidential decree, looks to bring order to existing legislation and review new legislation

US pushes Egypt to address ‘international concerns’
Kerry reiterates concerns over freedoms in Egypt and warns of alienating the US

Central Bank of Egypt establishes ‘Long Live Egypt Fund’ to support economy
Fund will use account number 037037 in reference to the date of former president Mohamed Morsi’s ouster

Minya verdict ‘heinous crime unprecedented in history’: MB
Brotherhood hits back at judiciary over death sentence for 183 alleged Islamists

Parliamentary coalitions begin formation for elections
Political parties regroup in preparation for upcoming parliamentary elections

Al-Sisi’s win is positive to economy: Standard and Chartered
Report says President Al-Sisi has outlined “an ambitious strategy” to revive the economy and deal with unemployment issue

EU congratulates Al-Sisi and reiterates concerns
The European Union offers its partnership in the field of improving “good governance”

Public holiday for Al-Sisi inauguration: Cabinet
Al-Sisi will take the oath of office before the Supreme Constitutional Court on Sunday

Morsi urges resistance in statement from detention
Former president Morsi lauds those protesting the current government

Conference to discuss international economic assistance to Egypt after new cabinet formation: International cooperation ministry
No additional information on timing or participating countries yet, say Ministry of Planning, Saudi Embassy in Egypt

Vote extension harms political process: Democracy International
US based observation team will continue to observe election despite criticism

International Press Institute urges future president to protect journalists
Statement also calls for release of detained, charged journalists