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Posted inSpeed Round

Vatican considering papal visit to Egypt

Pope Francis is considering stopping by Egypt, the Vatican confirmed in a statement on Saturday. Italy’s state-run RAI reported Francis would visit Al-Azhar on May 20-21, according to the Associated Press. We’re rather fond of Francis and his generally liberal take, so we’re crossing our fingers we get a glimpse of the “Popemobile,” otherwise known […]

Posted inSpeed Round

Is Exxon bidding for BP again?

Rumors in the UK press that Exxon is in acquisition mode are driving BP shares up, Bloomberg reports, but analysts aren’t biting — they’ve heard the tune before, in both 2015 and 2010. Speaking against the acquisition: USD 20 bn in penalties Exxon would take on as a result of BP’s Gulf of Mexico oil […]

Posted inUncategorized

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Posted inEGYPT IN THE NEWS

Ozymandias unearthed

“My Name is Ozymandias, King of Kings. Look upon my slums, ye mighty and despair”: Like the Shelley poem, an eight-meter quartzite statue likely depicting Ancient Egyptian ruler Ramses II was unearthed in Mattariya over the weekend. Found in fragments, the statue was excavated from under a low-income district (watch, runtime 0:52). Archaeologists from Egypt […]

Posted inEGYPT IN THE NEWS

The Economist lauds Egypt’s economic reforms

The Sisi administration’s economic reform agenda is getting some overduerecognition from The Economist. In a piece headlined “Egypt’s economy shows signs of life,” the newspaper (as it insists on calling itself) runs down all the positive steps that have led foreign investors to eye Egypt’s economy, including the devaluation, subsidy cuts, and the eurobond issuance. […]

Posted inEGYPT IN THE NEWS

Hawaii challenges Trump’s travel ban, Egyptian-American imam joins suit as plaintiff

Ismail Elshikh, an American citizen from Egypt, joined the state of Hawaii in lodging the first challenge to US President Donald Trump’s executive decision to restrict entry to refugees and travelers from six Muslim-majority countries. The state says Elshikh, an Imam at the Muslim Association of Hawaii whose mother-in-law lives in Syria, is being subject […]

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