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Posted inEGYPT HOLIDAY PHOTO OF THE DAY
An aerial view of Luxor
Today’s Egypt Holiday Photo of the Day is of Luxor. Luxor has been called the “world’s greatest open-air museum” as the ruins of Karnak and Luxor temples lie within the city, and across the Nile are the Valley of the Kings and Valley of the Queens. The image was shot for CIB’s 2016 Annual Report […]
Posted inTHE MACRO PICTURE
MSCI Frontier equity markets could be dying off
MSCI Frontier markets dying? Frontier equity markets are in danger of dying as many of the nations making up frontier market indices graduate to “emerging market” status, Natasha Doff, Isobel Finkel, and Tracy Alloway write for Bloomberg. This graduation risks removing the largest and most liquid of the frontier markets. “With few obvious candidates to […]
Posted inImage of the Day
Restored Ramses II colossus unveiled
Egypt unveiled the completely restored granite colossus of King Ramses II at the Luxor Temple on Tuesday, Reuters reports. The statue was in 57 pieces when it was discovered sometime between 1958 and 1960. “The statue was displayed just hours after archaeologists unveiled the tomb of a nobleman from more than 3,000 years ago,” Reuters […]
Posted inEGYPT IN THE NEWS
St. Catherine attacks shows reach of Daesh into South Sinai
Topping coverage of Egypt in the foreign press this morning is the unveiling of the restored Ramses II colossus at the Luxor Temple on Tuesday, with most outlets picking up coverage from Reuters. In keeping with the theme of ancient discoveries, Daily Mail is running a story on scientists’ discovery of a “now-extinct carnivorous mammal […]
Posted inEGYPT IN THE NEWS
Expanding metro lines, light rail should be national priority -Werr
Expanding metro lines and light rail is a mega-project that should command priority above all, Patrick Werr writes in The National. “The lack of local public transport should be put at the level of a national emergency: he inability to move efficiently around cities is stifling economic growth, generating the destruction of vast tracts of […]
Posted inEGYPT IN THE NEWS
Ties between India and Egypt should be stronger -Economic Times
Ties between India and Egypt should be stronger, Tarun Basu writes in India’s The Economic Times. “With so much goodwill in Egypt for Indians one often wonders why the two countries are not closer partners and why friendship with Egypt is not talked about in India in the same vein as other countries with which […]
Posted inEGYPT IN THE NEWS
Other coverage of Egypt in the international media
Other coverage worth noting in brief: Armed Forces Chief of Staff Mahmoud Hegazy has traveled to London with other officials, according to Middle East Monitor. The reasons behind the visit are unknown and the publication says it is the second visit by an Egyptian military official to London in two months. Legislative amendments proposed following […]
Posted inWorth watching
The world’s oldest university in Morocco’s Fez
The world’s oldest university in Morocco’s Fez was once kept under lock and key — four of each, to be exact — in what CNN calls “a 16th century security system.” Behind the copper door that in yesteryear required the presence of four different keyholders to unlock are some of the most valuable manuscripts in […]
Posted inDiplomacy + Foreign Trade
Diplomacy + Foreign Trade on 20 April 2017
House Speaker Ali Abdel Aal met with Nick Ayers, a top advisor to top adviser to US Vice President Mike Pence, in Cairo yesterday to discuss Egypt’s counterterror effort and bid to slow the flow of illegal immigrants to Europe, according to Al Mal. Abdel Aal and Ayers also discussed the US listing the Ikhwan […]