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Jun
05
2024
By The African Mirror
Egypt’s Sisi orders prime minister to form new cabinet

Egypt’s Sisi orders prime minister to form new cabinet

NEWS
EGYPTIAN President Abdel Fattah al-Sisi reappointed Prime Minister Mostafa Madbouly to form a new government after the latter submitted his cabinet's resignation, following Sisi's reelection for a third term last year, the presidency said in a statement. Sisi directed the new government to focus on lowering inflation and regulating markets as well as attracting and increasing local and foreign investments, the presidency added. Targets for new cabinet members would also include preserving the country's national security in light of regional and international challenges, and counter-terrorism, the statement said. There was no immediate indication of which ministers would be replaced in…
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May
28
2024
By FARAH SAAFAN
Egypt jails former presidential hopeful for one year with labour

Egypt jails former presidential hopeful for one year with labour

NEWS
AN Egyptian court sentenced former presidential hopeful Ahmed Tantawy to one year in prison with labour on charges of forging election documents, and barred him from standing in elections for the next five years, his lawyer Khaled Ali said. Tantawy was the most prominent politician to challenge President Abdel Fattah al-Sisi as he sought a third term last year. Tantawy halted his campaign saying state-linked groups had impeded him from gathering the required number of public endorsements to register as a candidate, and that dozens of his family members and allies had been arrested. Authorities denied foul play and charged…
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Apr
03
2024
By AIDAN LEWIS
Egypt’s Sisi: Authoritarian leader with penchant for bridges

Egypt’s Sisi: Authoritarian leader with penchant for bridges

THOUGHT LEADERSHIP
EGYPTIAN President Abdel Fattah al-Sisi has been criticised as a despot for crushing opposition lingering from a brief period of democracy while winning praise from supporters for boosting security and driving an army-led infrastructure binge. The former general began a third term on Tuesday after sweeping a December 10 election overshadowed by the war in neighbouring Gaza and a faltering economy, a decade after he toppled Egypt's first democratically-elected president. Activists say tens of thousands of people were jailed in the ensuing crackdown before Sisi turned his attention to state- and army-run mega-projects and development schemes. The flagship project is a $58 billion New Administrative Capital rising…
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Apr
03
2024
By The African Mirror
Egypt’s Sisi starts third term pledging more investment, social spending

Egypt’s Sisi starts third term pledging more investment, social spending

NEWS
EGYPTIAN President Abdel Fattah al-Sisi was sworn in for his third term in the country's new capital, the largest of the mega-projects that have come to symbolise his rule while stretching the country's finances. Speaking at the new parliament building, Sisi highlighted the challenges Egypt withstood in recent years while promising continued development, which many Egyptians say they feel excluded from. "The past few years have shown that the path of nation-building is not paved with roses ... between terrorist attempts at home, sudden global crises abroad, fierce wars around us," Sisi told lawmakers and religious, government, and military officials.…
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Mar
08
2024
By FARAH SAAFAN
For struggling Egyptians, devaluation promises price pain

For struggling Egyptians, devaluation promises price pain

BUSINESS
EGYPT'S move to devalue the pound was met with frustration online and on the streets, with Egyptians complaining about everything from the cost of diapers to the price of chicken after years of struggling with low wages to afford them. President Abdel Fattah al-Sisi let the Egyptian pound plunge in value in a bid to restore economic stability to the most populous Arab state with the help of billions of dollars of Gulf investment inflows. However, some Egyptians wonder whether such high-profile moves will provide relief for them after years of hardships. "This will magnify the suffering of citizens," said Eman Hussein,…
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Jan
26
2024
By NADINE AWADALLA and FARAH SAAFAN
Sisi tells Egyptians to bear with economic pain, says mega-projects provide jobs

Sisi tells Egyptians to bear with economic pain, says mega-projects provide jobs

NEWS
PRESIDENT Abdel Fattah al-Sisi told Egyptians that they were still able to eat and drink despite soaring prices as he defended mega-projects he said provided millions of jobs. Egypt's long-running foreign currency shortage risks deepening because of lost revenues from the Suez Canal, and this month has triggered store closures and new restrictions on credit card withdrawals. Inflation has eased slightly from record highs last year but is still running at over 30%. Sisi blamed the lack of foreign currency on Egypt's decades-old import dependency, which he said required spending of $1 billion a month on staples like wheat and vegetable oils and another $1 billion on fuel.…
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Jan
25
2024
By The African Mirror
Putin, Sisi mark new phase of Egypt’s Russian-built nuclear plant

Putin, Sisi mark new phase of Egypt’s Russian-built nuclear plant

NEWS
RUSSIAN President Vladimir Putin and Egypt's Abdel Fattah al-Sisi inaugurated the construction of a new unit at Egypt's Dabaa nuclear power plant via video link, as Moscow moves ahead with its global nuclear ambitions. The power plant is being built by the Russian state corporation Rosatom at a reported cost of $30 billion and will consist of four power units with a combined capacity of 4.8 gigawatts. The two presidents were opening the construction of the fourth and final unit, according to Egyptian state media. "The cooperation between our two countries continues and is developing. Egypt is a close friend…
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Jan
22
2024
By The African Mirror
President Sisi says Egypt will not allow any threat to Somalia or its security

President Sisi says Egypt will not allow any threat to Somalia or its security

NEWS
EGYPT will not allow any threat to Somalia, President Abdel Fattah al-Sisi said after Ethiopia said it would consider recognising an independence claim by Somaliland in a deal that would give it access to a seaport. The remarks were the strongest yet made on the issue by Egypt, which already has frosty relations with Ethiopia, and were a sign that Cairo may get involved in a dispute that has raised fresh tensions in the volatile Horn of Africa. Somaliland declared independence from Somalia in 1991 but has not won recognition from any country. The port lease deal, which was agreed…
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Dec
21
2023
By The African Mirror
Egypt says talks over Grand Ethiopian Renaissance Dam have failed -statement

Egypt says talks over Grand Ethiopian Renaissance Dam have failed -statement

NEWS
EGYPT said the latest talks over the Grand Ethiopian Renaissance Dam (GERD) had failed but it would monitor the process of filling and operating the dam. "Egypt reserves its right, in accordance with international charters and accords, to defend its water and national security in case of any harm," Egypt's Ministry of Water Resources and Irrigation said in a statement. In a statement, Ethiopia's foreign ministry said Egypt had "misrepresented" Ethiopia's positions in the talks, adding that Egypt's "colonial era mentality and erected roadblocks against efforts toward convergence". Egyptian President Abdel Fattah al-Sisi and Ethiopian Prime Minister Abiy Ahmed said in…
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Dec
21
2023
By PATRICK WERR
Egypt faces painful choices after Sisi’s re-election

Egypt faces painful choices after Sisi’s re-election

NEWS
A steady deterioration of the economy puts Egypt under pressure to take long-awaited measures following a presidential election, foremost among them a currency devaluation and a hike in interest rates, along with faster state asset sales. Analysts believe the government postponed painful steps until after Abdel Fattah al-Sisi swept to a third six-year term in a December 10-12 vote that saw no serious challengers and was overshadowed by the war in Gaza. The focus now turns to how to deal with an overvalued currency, near-record inflation and massive debt, both domestic and foreign. "There are a lot of big choices for the government to…
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