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Ministry of Electricity ready with third contingency plan

By Salah Elmenoufy The Ministry of Electricity (MOE) determined the new sites where it will implement its third contingency plan to meet the summer’s demand. Sources said that the plan includes establishing new power generation units in a number of already installed stations. These units will be established in Elseyuf station in Alexandria, Elmahmodeya, Damanhour …

Daily News Egypt

MVNO to be decided next week

By Islam Serour Engineer Hany Mahmoud, Minister of Communication and Information Technology, stated in a press conference Thursday at the Smart village in Cairo, that the ministry will decide on the Mobile Virtual Network Operator (MVNO) offer after meeting with the board of the National Telecom Regulatory Authority (NTRA) scheduled for next week. He indicated …

Daily News Egypt

Egyptian Prime Minister Hisham Qandil (C)prepares to lead the prayer over the coffins of the 16 soldiers killed during an attack on a border crossing post in Northern Sinai, during their funeral on August 7, 2012 in Cairo, Egypt-AFP PHOTO/GIANLUIGI GUERCIA

Qandil’s faux independents

The fact that a quarter of ministers in Prime Minister Hesham Qandil’s cabinet remain in posts they held in his predecessor Kamal El-Ganzouri’s cabinet is only the tip of the iceberg

Ahmed Aboulenein

Foreign currency reserves fall by $1.1 billion

By Asmaa Nabil Last July, foreign currency reserves declined by $1.1 billion, reaching $14.44 billion compared to $15.5 billion at the end of June. The Central Bank of Egypt (CBE) attributed the decline to Egypt’s obligation to repay bonds it held, in addition to the repaying of a credit portion to Paris Club countries. This …

Daily News Egypt

Another emergency plan to overcome power shortages

By Salah El-Manoufy The Ministry of Electricity is currently studying the possibility of implementing a third emergency plan in order to accommodate the high summer loads. Sources within the Ministry said that Mahmoud Balbaa, Minister of Electricity, tasked a number of his deputies to prepare a study about a third emergency plan. The Ministry will submit …

Daily News Egypt

State of the energy sector address by Petroleum Minister

By Ahmed Tolba In his first statement as Petroleum Minister, Osama Kamal has hinted that energy subsidies could be cut as part of measures to address shortages in Egypt. A number of proposals to rationalise energy consumption would be discussed in the coming period, Kamal said, noting that a large portion of the subsidies benefit …

Daily News Egypt

Communications Ministry aims to extend high-speed internet to 75% of families by year’s end

By Mohamed Fawzi Several experts from the communications sector confirmed its stability, adding that its strategy moving forward will not see a dramatic change. They stressed, however, that the Ministry of Communications’ policies and strategies should not depend on the performance of individuals, but on studies and analyses regarding the sector’s circumstances, needs and requirements. …

Daily News Egypt

Maher Hamoud

Editor’s letter: Morsy, the good brother

Theoretically speaking, we could argue that the one month President Mohamed Morsy has spent in office is not enough to judge his performance as Egypt’s first leader after the revolution. However, practically speaking, it seems enough. Given a few facts regarding Morsy’s attainment of the presidency, we can understand feelings of anger among the electorate, …

Maher Hamoud

Ziad Akl

Qandil’s Government: failing the political diversity test

It is too early to judge the policies or the performance of Hesham Qandil’s government, but it is a suitable time to judge the political significance of its makeup and what this represents. The selection of ministers in Qandil’s government is the first real step towards creating President Mohamed Morsy’s administration. During his first month …

Ziad A. Akl

Israel to vote on sweeping austerity measures

(AFP) – Ministers in Israel’s cabinet were on Monday preparing to vote on a package of sweeping economic austerity measures in a bid to cut the budget deficit, in a move expected to hit the underprivileged hard. Central to the plan is a hike in income tax and VAT, as well as a 700 million …

Daily News Egypt

Sanitation, cabinet and transparency

Egyptian commentators continued to explore the national hygiene campaign initiated by President Morsy last weekend. Several opinion writers have attacked the move claiming it is never the role of Egyptian taxpayers to collect waste from streets. Other columnists have called upon Egyptians and political powers to allow a chance for the new government to prove …

Daily News Egypt