Egypt has signed a staff level agreement with the International Monetary Fund in order to receive loans worth $12 billion from the IMF and $3 billion from the World Bank as well as additional loans and deposits from the Gulf countries and dollar bonds ranging between $5 to $7 billion.
Several security-related incidents have had a substantial impact on Egypt’s tourism industry as of late. However, the country now seems to believe that these incidents are over and done with, and President Abdel Fattah Al-Sisi believes that the tourism industry is about to rebound.
A new Champions League season is starting amid ongoing debate about its controversial upcoming reforms. The changes will only benefit the continent’s biggest clubs and damage UEFA, writes Olivia Gerstenberger. On Wednesday, a new UEFA president will be elected in Athens. And it is about time. There has been a power vacuum at European soccer’s governing body for months, and the shrewd bosses of the continent’s biggest clubs exploited the opportunity. They pushed through reforms, which were grudgingly signed off on by UEFA and are to come into effect in 2018.
During the recent days, I was keen to follow the different reactions over the departure of four Coptic minors to Turkey seeking asylum in Switzerland. Despite their legal status as minors, they have been sentenced to five-year imprisonment in accusation of religious contempt.
The number of detentions that the Israeli occupation army has inflicted on the sons and daughters of the Palestinian people is estimated to be one million since the beginning of the occupation in 1967. It is estimated that approximately 40 percent of all male adults have been subject to arrest or detention at the hands of the Israeli army in one way or another.
After the fall of the Berlin Wall in 1989, there appeared to be something of a pause in dramatic events for the United States and much of Europe.
When France enacted its ban on "ostentatious symbols" in public schools in 2004, the so-called "veil ban" was justified under the guise of a warped form of European cultural relativism. It's just the French way, you see. Over the years, legislation in France has continued to encroach into the private sphere of Muslim citizens, with a keen focus on women. French officials push back against burkinis
IBM is one of the oldest companies in the IT industry, and they have become pioneers in the field. As pioneers, they are always leading the market towards huge transformations and revolutionary trends. IBM will introduce a glimpse of the next transformational era: the cognitive era.
Turkish president Recep Tayyip Erdogan holds Fethullah Gulen, the self-exiled conservative leader of Hizmet, one of the world’s biggest Islamic movements, responsible for the attempt to overthrow his democratically elected government. Erdogan asserts that Gulen’s followers infiltrated the military, police, judiciary, bureaucracy, and education system as well as the media. In response, he has arrested tens of thousands and fired a similar number of military and police officers, judiciary personnel, teachers and professors, and bureaucrats accused of being Gulen sympathisers.
India learned its lesson from China, and knows that industrial development is the best way for India’s economy to grow. Prime minister of India Narendra Modi knows this very well. After he implemented this strategy in Gujarat, he ruled for 13 years and achieved a great deal of success.
Ahmed Kamal, a medical student, was arrested by police and delivered to his family the following day via the mortuary. Ahmed had been sentenced to two years in absentia and only recently arrested and killed by Egyptian police, possibly tortured to death. Sometime in the past this may have been breaking news, causing outrage in Egyptian society, and perhaps even internationally. But in today’s Egypt, this is a repeated story, predictable in every way.
Egypt has recently been the subject of a number of deeply unflattering articles in the international business media. Many criticisms have been levelled at the actions, and inaction, of Cairo’s economic policy-makers. These criticisms have not made many friends in Egypt—so I do not propose to repeat them. I also think that, like much of today’s media coverage, the opinions are expressed at times with unhelpfully negative vocabulary and appear to appeal as much to sentiment as to reason.
The pressing issues for banks today are many. Apart from known concerns like capital and figuring out how to comply with the requirements of Basel III, I see that the enforcement of sanctions and embargoes is the nightmare that is really keeping bankers awake at night. Let’s start with the obvious. Sanctions and embargoes are political trade restrictions put in place against specific countries with the aim of maintaining or restoring international peace and security. Mostly, they are political trade tools imposed by the United Nations, the European Union, and the United States, which are known to place some of the most severe sanctions in the world.
The pressing issues for banks today are many. Apart from known concerns like capital and figuring out how to comply with the requirements of Basel III, I see that the enforcement of sanctions and embargoes is the nightmare that is really keeping bankers awake at night. Let’s start with the obvious. Sanctions and embargoes are political trade restrictions put in place against specific countries with the aim of maintaining or restoring international peace and security. Mostly, they are political trade tools imposed by the United Nations, the European Union, and the United States, which are known to place some of the most severe sanctions in the worl
The news ticker, or crawler as it is sometimes referred to, was first introduced in the United States on the NBC Today Show in 1952. After just a few months, the channel retired the idea. However, it eventually made a comeback. The news ticker was reintroduced in the 1980s on local TV news channels for announcing school closings and severe weather warnings. But, on 11 September 2001, the news ticker became a permanent fixture on TV news channels.
There is no question in the minds of Egyptians that we have lost most of our moral values and virtues in recent decades. No Egyptian will argue this fact; what we do argue about is the reason behind this deterioration in moral conduct. I am convinced that if we seriously and genuinely want to bring back our waning moral integrity, we must work on regaining three specific essential values: justice, tolerance, and inclusiveness.
Imagine this: you are sitting, sipping a cup of coffee in the morning and sifting through the pages of a literary weekly, Akhbar Al-Adab, and you happen upon this excerpt from a book. You read it and you are shocked. It has indecent sexual content and the characters are also smoking hashish! You can’t handle this, the words are physically assaulting you; you are literally falling ill. You experience heart palpitations and a drop in blood pressure. How can this be published? It offends public decency! It threatens the very fabric of our society.
The fact that the vast majority of Egyptians live in impoverished areas working insecure jobs and earning meager incomes that barely allow them to survive discredits, by default, the Egyptian state’s “stability argument”! At the same time, the tiny portion of wealthy Egyptians who is supposed to be enjoying a stable, luxurious life, still has to deal with various unexpected challenges that make their lives vulnerable as well. The Egyptian state is attempting to advocate a state of ‘stability’ that – even before the outbreak of any revolutions – hasn’t existed for several decades.
A tough political attack is a terrible thing to waste, but that is what Donald Trump has squandered by launching vague, sweeping accusations against Hillary Clinton at precisely the moment when newly released emails raise valid, specific concerns about whether Clinton improperly mixed her public and private interests while serving as secretary of state.
Abu Otaiba, the nom du guerre of a self-taught imam and Islamic State (IS) recruiter in Jordan, uses soccer to attract recruits. “We take them to farms, or private homes. There we discuss and organise soccer games to bring them closer to us,” Abu Otaiba told The Wall Street Journal in a recent interview.
The only authentic attempt to establish democracy in Egypt—the revolt against Mubarak in 2011— was a complete failure. There is no doubt that Mubarak’s entourage played a major role in bringing Egypt back to square one. Nevertheless, Egyptian politicians and revolutionaries should admit that they too bear a large part of the responsibility; a proper understanding of their shortcomings and limitations will better enable us to avoid further failure. Our key political weaknesses and faults are presented below.
Others
First, I offer my sincere condolences to the martyrs who shed their pure blood as a result of the vicious terrorist act that targeted the Petrine Church in Cairo.