As expected, the nation’s columnists are still collectively shaking their heads at the handover of Tiran and Sanafir to Saudi Arabia. The entire ordeal was mismanaged and showed a lack of political wisdom on the government’s part as it insisted on passing the contentious agreement during such volatile times, Al Ahram’s Farouk Goweida says, adding that it was, above all else, a loss for democracy. Al Masry Al Youm’s Mohamed Kamal agrees on the democracy bit and says it highlighted the clear lack of political parties to lobby for a certain viewpoint. The only thing that would make the issue worse would be President Abdel Fattah El Sisi ratifying the islands’ handover before holding a public referendum or waiting for the Supreme Constitutional Court’s final verdict on the agreement, Amr Hashem Rabie writes for AMAY.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…