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6 2 Mahmoud Salem e1366049618673

An unnecessary, yet much needed explanation

Dear Mahmoud, I have been following your writings, and I must say that I’ve been a bit disappointed by the shift in your views lately. While you were a big supporter of 30 June and the end of the unfortunate episode of Egyptian history called “The Morsi Presidency”, it seems that you have started to …

Mahmoud Salem

Dr Iris Boutros is an economist and strategist. Daily News Egypt

South Africa’s youth employment bill

In May of 2012, a violent clash erupted between protesters and the opposition. Although this sounds like a fairly common news report from Egypt these days, the incident in fact took place in South Africa. The Democratic Alliance (DA), the main opposition to the ruling African National Congress (ANC), took to the streets to march …

Iris Boutros

Egypt gains marginally after $40bn housing deal; Gulf mixed

Reuters – Egypt’s shares rose slightly on Monday after a deal between the country’s army and a Dubai builder for an affordable housing project worth EGP 280bn ($40.2bn). Cairo’s benchmark index advanced 0.5%, recovering early-session losses and boosting 2014 gains to 17.6%. Under a deal with Cairo’s army-backed government, Dubai’s Arabtec will build one million …

Daily News Egypt

Egypt’s Juhayna Food Industries says to appeal chairman’s sentence

Reuters – Egypt’s Juhayna Food Industries , one of the country’s largest dairy product and juice makers, said on Monday it would appeal against a court sentence for its chairman. A spokesman for a Cairo court said Safwan Thabet, who is also Juhayna’s chief executive, had received a one-year jail sentence on Thursday for selling …

Daily News Egypt

Canadian journalist killed in Syria: Activists

AFP – A Canadian photojournalist, Ali Mustafa, has been killed in the northern Syrian city of Aleppo, activists said. An official in the Aleppo opposition provincial capital said Mustafa, a freelancer who sold pictures to the SIPA and EPA agencies, was killed in the city on Sunday. The opposition Aleppo Media Centre also reported the …

Daily News Egypt