DOCSLIB.ORG

Egypt Weekly Newsletter January 2014, 4Th Quarter

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Egypt Weekly Newsletter January 2014, 4Th Quarter EGYPT WEEKLY NEWSLETTER JANUARY, 2014 (4th QUARTER) CONTENT 1. Political Overview………..........01 2. Economic Overview……..….…..01 3. Banking…………………….……..….04 4. Subsidy………………………………..05 5. Investment……………………..…..06 6. Food Industry………………....….06 7. Energy..….……………………………07 8. IT & Telecom……..…..…………...08 9. Construction..………………………09 10. International Trade..….………10 Compiled by Thai Trade Center, Cairo POLITICAL OVERVIEW Egypt Police General Killed as al-Seesi Weighs Presidency Source: Egypt Indepdent, January 27, 2014 Gunmen killed a senior Egyptian police official a day after the military endorsed a possible presidential run by Defense Minister Abdelfatah al-Seesi. Assailants on a motorcycle shot Major General Mohamed al-Saeed, director of the Interior Ministry’s technical office, said Ahmed Dawoud, an officer at the Giza investigations unit. A day earlier, the Supreme Council of the Armed Forces said that the public wants al-Seesi, who hasn’t announced his plans, to run for election and it’s up to him to “shoulder the responsibility.” The assassination spotlights the security woes that have fueled calls for al-Seesi, who ousted Islamist President Mohamed Mursi in July, to run for the top job. His critics accuse him of leading the bloodiest crackdown against Islamists in decades since Mursi’s ouster, and say the country is turning back into a police state. Mursi went on trial today in the second of four criminal cases against him. “Al-Seesi has a strong support base pushing for him to run,” said Islam Al Tayeb, a research analyst at the International Institute for Strategic Studies in London . “And if he runs, he will highly likely win.” ECONOMIC OVERVIEW Egypt Central Bank receives additional $2 billion from Saudi Arabia Source: Egypt Economist, January 28, 2014 Egypt's Central Bank (CBE) received $2 billion from Saudi Arabia, the Egyptian daily Al-Mal reported on Wednesday. The funds were mostly used in the exceptional Egypt Weekly Newsletter 1 Thai Trade Center, Cairo January, 2014 (4th quarter) Sherif Yehya FOREX auction worth $1.5 billion at the beginning of the week, added Al-Mal, quoting an unnamed source. Official sources at the CBE declined to comment, saying that “Hisham Ramez, head of CBE will soon clarify the issue.” Foreign reserves held at the CBE were not affected by the auction and will remain current levels of $17.03 billion, Ramez said in a telephone interview with an Egyptian talk show. By the beginning of 2013, reserves had fallen below what the IMF considers a safe point for Egypt – about $15 billion. Last September, Ramez said that Egypt received $7 billion out of the $12 billion pledged by Gulf countries, adding that he expected further support from the United Arab Emirates, Saudi Arabia and Kuwait. The emir of Abu Dhabi pledged an additional $2 billion including deposits and grants, reported Ahram Arabic in September. Army-Backed Election Plan Spurs Egypt Bond Rally: Arab Credit Source: Bloomberg, January 29, 2014 Egypt’s bonds are rallying in the face of rising violence and militant attacks as speculation builds that the army chief who ousted Mohamed Mursi will succeed the former president, restoring order and luring foreign aid. The yield on Egypt’s $1 billion of Eurobonds due April 2020 dropped in the past four weeks to 6.02 percent on Jan. 24, near the lowest level in a year, according to data compiled by Bloomberg. That compares with 5.9 percent on the same day for higher-rated Turkish dollar bonds maturing three years later. The top army council yesterday gave a green light for Defense Minister Abdelfatah al-Seesi, who hasn’t declared his intentions, to run for president. Thousands poured into Cairo’s Tahrir Squareon Jan. 25 to support his candidacy, and voters backed a new constitution in a referendum this month. Investors are betting that as president, al-Seesi will seek to revive a struggling economy, even as militants escalate bombings and supporters of Mursi stage protests. “Protests and clashes, as long as they don’t cause a full fledged revolution, are tolerated by investors,” said Sergey Dergachev, who helps oversee about $9 billion, including Egypt’s Eurobonds, at at Union Investment Privatfonds in Frankfurt. “They key triggering event is the restoration of some sort of political framework.” Credit Risk Egypt’s financial markets have rallied since Al-Seesi’s intervention in July to remove Mursi. The nation’s credit risk, as measured by five-year credit default swaps, plunged more than 400 basis points since Mursi’s ouster to 483 at 10:36 a.m. in Cairo. The yield on the 2020 bond tumbled from a high of 10.77 percent, while the benchmark stock index has jumped more than 45 percent. “The hope is that the army-backed transition has better prospects of completion,” Raza Agha, chief Middle East and Africa economist at VTB Capital Plc in London, said by e-mail yesterday. “The prospects of a strong, secular presidency that is backed by key institutions, political parties and regional donors, is also helping sentiment.” Mursi’s removal triggered about $15 billion in aid pledges from Saudi Arabia, the United Arab Emirates and Kuwait, countries that opposed the former president’s brand of political Islam. The government is in talks to receive more aid from Gulf Cooperation Council countries, Finance Minister Ahmed Galal said Jan. 23. Egypt Weekly Newsletter 2 Thai Trade Center, Cairo January, 2014 (4th quarter) Sherif Yehya Egypt to return $3 billion to Qatar by end of 2014 Source: Aharamonline, January 28, 2014 Egypt’s Central Bank plans to return a total of $3 billion to Qatar by the end of 2014 as the bonds mature, reported Reuters Thursday. The Central Bank is to return $500 million in October and $2.5 billion in November. Qatar had backed Egypt with $7.5 billion during the year Muslim Brotherhood ousted president Mohamed Morsi was in power. However, as Morsi was ousted following popular uprising on 30 June, 2013 Cairo's relations with Doha deteriorated. By the end of 2013, Egypt returned $3 billion to Qatar as the bonds matured. Central Bank Governor Hisham Ramez said last month that the move slightly influenced a decline in net international reserves. Egypt's Central Bank is currently working on a stimulus package to boost the stuttering domestic housing sector through mortgage financing, particularly to help the construction of mid-level houses. When the cash liquidity of Egypt's banking sector stands at a high and stable level, banks will do business and fund projects, Ramez said. Government has spent EGP 18bn of first stimulus package Source: Egypt Daily News, January 29, 2014 The government has spent EGP 18bn of the EGP 29bn of the first stimulus package, Minister of Finance Ahmed Galal stated on Tuesday. However, according to Al-Borsa, Galal said that the second stimulus package would be spent after an agreement is finalised with the Ministry of Petroleum to develop a programme for energy subsidies for the next fiscal year. Galal made these statements during a Tuesday conference, organised by Beltone Financial Company, titled “Egypt on the right track”. The conference was attended by 40 international investment funds. The government’s stimulus package will yield results by the end of Q1 2014, Galal said. The interim government adopted two stimulus packages after it came to power in July. The first package, announced in August, was valued at EGP 29.6bn; however, the value of the second one was announced in January, totalling EGP 30bn. Galal said the budget deficit is expected to be reduced to 9.5% in the 2014/2015 fiscal year, and to 8% within the coming three years, according to Al-Borsa newspaper. The minister also expects internal debt to be cut from 92% to 80% in the same period. In the 2012/2013 fiscal year, the government’s budget gap registered 14% of GDP; the interim government aims to reduce it to 10% in the current fiscal year. Galal said the government is seeking to boost tax revenues to represent 25% of the GDP in the coming years, an increase from the current 15%. “This could be achieved through imposing a value-added tax and income tax,” he said, adding that this cannot be achieved for the time being, as “the government is adopting an expansionary economic policy to increase growth rates.” The Tax Authority reserved funds provided to public petroleum companies, as the latter have not paid their tax dues, Galal said, highlighting that he is currently working on resolving this dispute. According to state-run news agency MENA, Galal revealed that negotiations are currently underway between Egypt and Gulf countries, as the former seeks to obtain cash and in-kind assistance programmes. Following the ouster of deposed president Mohamed Morsi in July, Saudi Arabia, Kuwait and United Arab Emirates pledged a Egypt Weekly Newsletter 3 Thai Trade Center, Cairo January, 2014 (4th quarter) Sherif Yehya total of $12bn in assistance to Egypt. Meanwhile, Minister of Investment Osama Saleh said, during the same conference, that the government aims to obtain $4bn in foreign investments by the end of the 2013/2014 fiscal year. The total value of foreign investments during the past three years reached $9.2bn, he said, adding that it has increased by 20% after 30 June. Saleh said economic laws, particularly investment laws, are currently being revised “in order to fit the current phase” and facilitate reconciliation with investors. BANKING IFC expands partnership with Ahli United Bank Egypt Source: IFC, January 27, 2014 The International Finance Corporation (IFC), a member of the World Bank Group, announced on Tuesday that it has expanded its partnership with Ahli United Bank Egypt (AUBE).
Load more

Recommended publications
  • Country Report
    _________________________________________________________________________________________________________________________________________________________ Country Report Egypt May 2013 Economist Intelligence Unit 20 Cabot Square London E14 4QW United Kingdom _________________________________________________________________________________________________________________________________________________________ The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For 60 years it has been a source of information on business developments, economic and political trends, government regulations and corporate practice worldwide. The Economist Intelligence Unit delivers its information in four ways: through its digital portfolio, where the latest analysis is updated daily; through printed subscription products ranging from newsletters to annual reference works; through research reports; and by organising seminars and presentations. The firm is a member of The Economist Group. London New York Economist Intelligence Unit Economist Intelligence Unit 20 Cabot Square The Economist Group London 750 Third Avenue E14 4QW 5th Floor United Kingdom New York, NY 10017, US Tel: (44.20) 7576 8000 Tel: (1.212) 554 0600 Fax: (44.20) 7576 8500 Fax: (1.212) 586 0248 E-mail: [email protected] E-mail: [email protected] Hong Kong Geneva Economist Intelligence Unit Economist Intelligence Unit 60/F, Central Plaza Rue de l’Athénée 32 18 Harbour Road 1206 Geneva Wanchai Switzerland Hong Kong Tel: (852) 2585 3888 Tel: (41) 22 566 2470 Fax: (852) 2802 7638 Fax: (41) 22 346 93 47 E-mail: [email protected] E-mail: [email protected] This report can be accessed electronically as soon as it is published by visiting store.eiu.com or by contacting a local sales representative. The whole report may be viewed in PDF format, or can be navigated section-by-section by using the HTML links.
    [Show full text]
  • Country Report
    _________________________________________________________________________________________________________________________________________________________ Country Report Egypt April 2013 Economist Intelligence Unit 20 Cabot Square London E14 4QW United Kingdom _________________________________________________________________________________________________________________________________________________________ The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For 60 years it has been a source of information on business developments, economic and political trends, government regulations and corporate practice worldwide. The Economist Intelligence Unit delivers its information in four ways: through its digital portfolio, where the latest analysis is updated daily; through printed subscription products ranging from newsletters to annual reference works; through research reports; and by organising seminars and presentations. The firm is a member of The Economist Group. London New York Economist Intelligence Unit Economist Intelligence Unit 20 Cabot Square The Economist Group London 750 Third Avenue E14 4QW 5th Floor United Kingdom New York, NY 10017, US Tel: (44.20) 7576 8000 Tel: (1.212) 554 0600 Fax: (44.20) 7576 8500 Fax: (1.212) 586 0248 E-mail: [email protected] E-mail: [email protected] Hong Kong Geneva Economist Intelligence Unit Economist Intelligence Unit 60/F, Central Plaza Rue de l’Athénée 32 18 Harbour Road 1206 Geneva Wanchai Switzerland Hong Kong Tel: (852) 2585 3888 Tel: (41) 22 566 2470 Fax: (852) 2802 7638 Fax: (41) 22 346 93 47 E-mail: [email protected] E-mail: [email protected] This report can be accessed electronically as soon as it is published by visiting store.eiu.com or by contacting a local sales representative. The whole report may be viewed in PDF format, or can be navigated section-by-section by using the HTML links.
    [Show full text]
  • EU-Egypt Task Force - Co-Chairs Conclusions
    EU-Egypt Task Force - Co-chairs conclusions The first meeting of the joint Egypt-European Union (EU) Task Force took place on 14th November in Cairo as agreed on the occasion of the visit of President Mohamed Morsi to Brussels on 13th September. The Task Force was launched by Egyptian Foreign Minister Mohamed Kamel Amr and Catherine Ashton, EU High Representative/Vice president and was inaugurated by Egypt's Prime Minister H.E. Dr. Hisham Kandil. Ministers of the Egyptian Government, European Foreign Ministers, EU Commissioners, Members of Parliament, President of the EIB, International Financial Institutions’ senior officials, business leaders, the Secretary General of the UfM, as well as representatives from civil society, participated in the Task Force. The Task Force was the occasion for the EU to send a strong political message in support of the democratic reform process Egypt has embarked on following the 25th January 2011 revolution, in which the Egyptian people demanded their legitimate political and socio-economic rights, particularly freedom, social justice, dignity and prosperity. A new era in EU-Egypt relations for a closer partnership A new era in the relationship between the EU and the new Egypt has started. As equal partners, with common aspirations and values, we are willing to work as closest allies. This mutually-beneficial partnership is based on solid co- ownership, mutual respect and complementarity of interests. It aims at ensuring sustainable inclusive economic growth and socio-economic development, through creating jobs, promoting investment, trade, tourism, technology transfer, know-how and innovation. In support of the ongoing democratic transformation, Egypt and the EU will work together to overcome the socio-economic challenges, thus setting an example for the region and beyond.
    [Show full text]
  • Sidi Kerir Petrochemical Company (Sidpec)
    SUBSCRIBE NOW THE MIDDLE EAST ( LE. 3 ) OBSERVER TO : THE MIDDLE THE PUBLISHER: AHMED FODA CHIEF EDITOR: H.A. RAOUF EAST OBSERVER MIDDLE EAST COUNSELORS: YASMIN FODA Economic AHMED SHAFIK covering the MAHMOUD FODA N.M.M. RASHED Middle East, Dir. of Public Relations: KAMAL MOKHTAR Arab Gulf and Head Office : 41, Sherif St., Cairo, Egypt African Markets Tel.: 23939732 - 23926919 Mob. : 01006670340 Head Office Emails : [email protected] 41, Sherif St., Cairo, Egypt [email protected] Tel. : 23939732 - 23926919 Fax : 23939732 - 27485844 [email protected] Mob. : 01006670340 Printed at Societe Orientale de Publicite Emails : [email protected] (S.O.P.) - Cairo - Egypt [email protected] - [email protected] 62nd YEAR No. 1 CAIRO WEDNESDAY, JANUARY 7, 2015 ESTABLISHED 1945 PRESIDENTIAL DECREE PRESIDENT SISI AND EMIR OF KUWAIT DISCUSS BILATERAL SISI REVIEWS WITH BUSINESSMEN Comment ON CREATING PHOS- OPPORTUNITIES OF INVESTMENT IN EGYPT PHATE INDUSTRIAL RELATIONS, ISSUES OF COMMON CONCERN TO THE REGION President Sisi met with the members of the Kuwaiti Chamber of SUBTERRANEAN ZONE IN ASWAN Commerce and Industry under Ali Thanyan Al Ghanem and 15 WATER HOPE OF President Abdel Fattah Al-Sisi has Kuwaiti investors with whom he discussed available chances of invest- issued a decree on establishing a ment in Egypt. During the meeting, Kuwaiti Businessmen expressed AGRICULTURAL phosphate industrial zone in Wadi willingess to take part in the economic conference which will be held EXPANSION IN Helal in Al-Sebaia City in Edfu, in Sharm El-Sheikh in March with the aim of supporting Egypt. The Aswan governorate at investments of Kuwaiti Businessmen offered the problems faced by Kuwaiti investors EGYPT LE 3.3 billion, and on an area of 5,115 in Egypt and called for solving them immediately.
    [Show full text]
  • Saasamay 15, 2004
    February 15, 2014 AUTOMOTIVE .................................................................. 5 GOVERNMENT BANS MOTORCYCLE AND THREE-WHEELER IMPORTS FOR ONE YEAR 5 A ministerial decree was issued on February 12 to authorize the minister of finance to issue a ban on the importation of motorcycles and three wheelers assembled abroad for one year. .......... 5 REAL ESTATE .................................................................. 5 GOVERNMENT APPROVES SETTLEMENT ON SODIC’S EASTOWN 5 The government has approved the settlement on Sixth of October Development and Investment Company’s (SODIC) East town land. ..................................................... 5 BUILDING MATERIALS ...................................................... 5 LAFARGE PLANS TO USE FUEL COKE ARE CURBED 5 The French company Lafarge has been ordered by the Ministry of State for Environmental Affairs (MSEA) to halt its preparations to build storage units for fuel coke. .......................... 5 -1- Compiled by: Business Studies & Analysis Center (BSAC) Subscribe and unsubscribe by sending an e-mail to: [email protected] Web: http://www.amcham.org.eg EZZ STEEL MAINTAINS ITS FEBRUARY STEEL PRICES AT EGP 4,950/TON 6 Steel prices in Egypt were maintained by Ezz Steel and Beshay Steel for February at EGP 4,950/ton and EGP 4,960/ton, respectively. ........................................................... 6 ECONOMY ...................................................................... 6 NIR INCREASE TO USD17.105 BILLION IN JANUARY 2014 6 Egypt's net international
    [Show full text]
  • Trends in Overseas Direct Investment by Chinese Companies in 2013
    Trends in Overseas Direct Investment by Chinese Companies in 2013 January 2015 China and North Asia Division Overseas Research Department Japan External Trade Organization (JETRO) Exclusion of liability clause Responsibility for decisions made based on the information provided in this report shall rest solely on readers. Though JETRO strives to provide accurate information, JETRO will not be responsible for any loss or damage incurred by readers through the use of the information. Unauthorized reproduction prohibited Introduction There is a trend among Chinese companies toward direct foreign investment (FDI) that is becoming more active each year. China’s 2013 FDI (net, flow) announced in September 2014 set a new record, at USD107, 843.71 million, a 22.8% increase year-on-year. By region, Chinese FDI in Asia and Central and South America drove the increase, while FDI in Europe declined. By industry, mining and finance stood out as contributing to the increase, while manufacturing made a negative contribution. In light of these circumstances, this report presents multifaceted verification of the situation in regions of China with regard to Chinese FDI and the situation in the countries and regions that receive FDI, and it describes the current state of overseas development by Chinese companies, which are expanding around the world. This report appeared in JETRO Daily in November and December 2014, and it is based on the data available at the time of writing (September-October 2014).It is hoped that this report will serve as a reference in various quarters, including at Japanese companies. January 2015 Overseas Research Department, Japan External Trade Organization (JETRO) .
    [Show full text]
  • Businessmen and Authoritarianism in Egypt
    Businessmen and Authoritarianism in Egypt Safinaz El Tarouty A thesis submitted for the degree of Doctor of Philosophy to the University of East Anglia, School of Political, Social and International Studies. Norwich, May 2014 This copy of the thesis has been supplied on condition that anyone who consults it is understood to recognise that its copyright rests with the author and that use of any information derived there from must be in accordance with current UK Copyright Law. In addition, any quotation or extract must include full attribution. Abstract The main concern of this thesis is to examine how the Mubarak authoritarian regime survived for three decades, especially after the introduction of economic liberalization. I argue that the Mubarak regime created a new constituency of businessmen who benefited from economic reform and in return provided support to the regime. Based on interviews with Egyptian businessmen and political activists, this thesis examines the different institutional mechanisms used by the regime to co-opt businessmen and based on predation of public and private resources. Extending the literature on clientelism, I create a typology of regime-businessmen relations in terms of authoritarian clientelism, semi-clientelism, patron-broker client relationships, and mutual dependency. The thesis further examines how the regime dealt with an opposition that refused to enter into its clientelisitic chain. I demonstrate how the regime weakened this opposition by creating among them a divided political environment on different levels (i.e., among the legal and illegal opposition, inside the legal opposition, and among the illegal opposition). This thesis demonstrates that there are businessmen who are supportive of authoritarianism; however, they may also oppose authoritarian regimes, not for their own business interests but rather for their own political/ideological stance.
    [Show full text]
  • Egypt Weekly Newsletter March 2014, 1St Quarter
    EGYPT WEEKLY NEWSLETTER MARCH, 2014 (1ST QUARTER) CONTENT 1. Political Overview………..........01 2. Economic Overview……..….…..02 3. Banking………………….…………….03 4. Finance.…………………….……..….04 5. Projects……………………..………..05 6. Tourism…………………………..…..06 7. Industry..….………………………….06 8. IT & Telecom……..…..…………...07 9. Building Materials………………..07 10. Real Estate………………………...07 11. Laws & Regulations…………...08 Compiled by Thai Trade Center, Cairo POLITICAL OVERVIEW Egypt: El-Sissi Gives Sign of Presidential Run Source: ABC News, March 3, 2014 Egypt's military chief, Field Marshal Abdel-Fattah el-Sissi, gave his strongest indication yet that he intends to run for president, saying Tuesday that he "can't turn his back" to public demands. In a campaign-style speech, he said Egyptians must unite and end street turmoil to tackle the country's mounting economic and security woes. El-Sissi is considered almost certain to win if he runs for president, riding on a wave of popular fervor since he ousted the country's first freely elected president, Islamist Mohammed Morsi, who had faced massive protests demanding his removal after a year in office. Since the ouster last summer, a heated anti-Islamist and nationalist media campaign has fanned support for el-Sissi, touting him as the nation's savior. For weeks, pro-military media have been saying the field marshal will announce his candidacy imminently. El-Sissi's speech to military cadets and their families during a graduation ceremony, later aired on state TV, appeared aimed at explaining to nervous supporters why he has not yet made an official announcement amid the widespread expectations — while laying out what is likely to be a theme of his campaign, that Egyptians must take responsibility for restoring stability and rebuilding the economy.
    [Show full text]
  • Political Opposition and Authoritarian Rule in Egypt
    Holger Albrecht Political Opposition and Authoritarian Rule in Egypt Dissertation Zur Erlangung des akademischen Grades Doktor der Sozialwissenschaften in der Fakultät für Sozial- und Verhaltenswissenschaften der Eberhard-Karls Universität Tübingen 2008 Promotionserklärung Hiermit erkläre ich, dass ich diese Dissertation nicht bereits früher als Prüfungsarbeit bei einer akademischen oder staatlichen Prüfung verwendet habe oder mit ihr oder einer anderen Dissertation bereits einen Promotionsversuch unternommen habe. Tübingen, 29. Oktober 2007 (Holger Albrecht) Urheberschaftserklärung Hiermit erkläre ich, dass ich diese Dissertation selbständig verfasst, nur die angegebenen Quellen und Hilfsmittel benutzt und wörtlich oder inhaltlich übernommene Stellen als solche gekennzeichnet habe. Tübingen, 29. Oktober 2007 (Holger Albrecht) Contents Note on Transliteration 1 List of Abbreviations 2 Acknowledgements 3 Introduction 7 Chapter 1: The Authoritarian State in the Middle East 13 1.1. Authoritarian vs. Patrimonial Regimes 14 1.2. ‘Liberalized Authoritarianism’ Reconsidered 27 1.3. Regime Stability and the Dynamics of Authoritarian Power Maintenance 34 Chapter 2: Political Participation in the Middle East: Authoritarianism from Below 41 2.1. Concept Traveling: Political Participation under Authoritarianism 41 2.2. Channels of Political Participation in the Middle East 49 2.3. Contentious Political Participation: The Civil Society Argument and Social Movement Theory 59 Social Movement Theory 59 The Civil Society Argument 63 1 Chapter 3: Political Opposition under Authoritarianism 71 3.1. Towards a Concept of Political Opposition 72 3.2. The Systemic Context: Opposition under Democracy vs. Authoritarianism 79 3.3. Patterns of Opposition under Authoritarianism in the Middle East 89 The Representation Function 93 The Legitimacy Function 93 The Channeling Function 94 The Moderation Function 94 Chapter 4: Mapping the Landscape of Contentious Politics in Egypt 97 4.1.
    [Show full text]
  • Page 01 Dec 05.Indd
    ISO 9001:2008 CERTIFIED NEWSPAPER Thursday 5 December 2013 1 Safar 1435 - Volume 18 Number 5904 Price: QR2 Record-breaking G) facility will produce 110,000 boe (barrels of oil equivalent) per day Engine problems eck Floating LNG facility floating LNG Flare thwart Team ship launched Qatar re uble- to scale Business | 20 Sport | 24 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Qatar, Turkey sign energy deal Met forecasts Commercial foggy morning, low visibility hubs planned DOHA: It will be foggy early this morning with low visibil- ity at places, the Meteorology Department said in its forecast yesterday. in Doha, Rayan Visibility could be as low as one kilometre at places but the mist would clear as the day breaks. Al Khor will be the coolest Move may push rents up place in the country with the minimum temperature forecast DOHA: The Ministry of Street, has been earmarked for at 15 degrees Celsius. Municipality and Urban conversion. In Al Murra in Al The day temperatures is Planning has announced plans Rayan municipality, Al Faroosia expected to be 24 degrees C. to convert several major areas Street has been chosen for con- Elsewhere in the country, day of Doha and some in the neigh- version into a commercial area. and night temperatures would bouring municipality of Al In Al Aziziya suburb, which vary between 18 and 27 degrees Rayan into commercial hubs. is also in Al Rayan municipal- C, except in Dukhan and Abu Shops, showrooms and offices ity, Othman bin Affan Street has Samra where the minimum tem- will be located on both sides of been identified for development perature forecast is 15 degrees the proposed hubs to be known into a commercial hub.
    [Show full text]
  • List of Public Figures
    World Economic Forum Annual Meeting 2014 Davos-Klosters, Switzerland 22-25 January List of Public Figures Argentina Mauricio Macri Mayor of Buenos Aires, Argentina Argentina Sergio Massa Mayor of Tigre, Argentina Armenia Edward Nalbandian Minister of Foreign Affairs of Armenia Australia Tony Abbott Prime Minister of Australia; 2014 Chair of G20 Australia Andrew Robb Minister for Trade and Investment of Australia Azerbaijan Ali Abbasov Minister of Communication and Information Technologies of Azerbaijan Azerbaijan Ilham Aliyev President of Azerbaijan Bahrain Rasheed Al Maraj Governor of the Central Bank of Bahrain Belgium Elio Di Rupo Prime Minister of Belgium Belgium H.M. Queen Mathilde of Belgium Queen of Belgium Belgium Kris Peeters Minister-President of the Government of Flanders, Belgium Belgium H.M. King Philippe of Belgium King of Belgium Botswana Linah K. Mohohlo Governor and Chairman of the Board of the Bank of Botswana Brazil Antônio Augusto Junho Anastasia Governor of Minas Gerais, Brazil Brazil Marcelo Côrtes Neri Minister of Strategic Affairs of Brazil Brazil Luciano Coutinho President, Brazilian Development Bank (BNDES), Brazil Brazil Luiz Alberto Figueiredo Machado Minister of External Relations of Brazil Brazil Guido Mantega Minister of Finance of Brazil Brazil Fernando Pimentel Minister of Development, Industry and Foreign Trade of Brazil Brazil Dilma Rousseff President of Brazil Brazil Alexandre Tombini Governor of the Central Bank of Brazil Canada John Baird Minister of Foreign Affairs of Canada Canada Ed Fast Minister
    [Show full text]
  • Political Opposition and Authoritarian Rule in Egypt
    Holger Albrecht Political Opposition and Authoritarian Rule in Egypt Dissertation Zur Erlangung des akademischen Grades Doktor der Sozialwissenschaften in der Fakultät für Sozial- und Verhaltenswissenschaften der Eberhard-Karls Universität Tübingen 2007 Promotionserklärung Hiermit erkläre ich, dass ich diese Dissertation nicht bereits früher als Prüfungsarbeit bei einer akademischen oder staatlichen Prüfung verwendet habe oder mit ihr oder einer anderen Dissertation bereits einen Promotionsversuch unternommen habe. Tübingen, 29. Oktober 2007 (Holger Albrecht) Urheberschaftserklärung Hiermit erkläre ich, dass ich diese Dissertation selbständig verfasst, nur die angegebenen Quellen und Hilfsmittel benutzt und wörtlich oder inhaltlich übernommene Stellen als solche gekennzeichnet habe. Tübingen, 29. Oktober 2007 (Holger Albrecht) Contents Note on Transliteration 1 List of Abbreviations 2 Acknowledgements 3 Introduction 7 Chapter 1: The Authoritarian State in the Middle East 13 1.1. Authoritarian vs. Patrimonial Regimes 14 1.2. ‘Liberalized Authoritarianism’ Reconsidered 27 1.3. Regime Stability and the Dynamics of Authoritarian Power Maintenance 34 Chapter 2: Political Participation in the Middle East: Authoritarianism from Below 41 2.1. Concept Traveling: Political Participation under Authoritarianism 41 2.2. Channels of Political Participation in the Middle East 49 2.3. Contentious Political Participation: The Civil Society Argument and Social Movement Theory 59 Social Movement Theory 59 The Civil Society Argument 63 1 Chapter 3: Political Opposition under Authoritarianism 71 3.1. Towards a Concept of Political Opposition 72 3.2. The Systemic Context: Opposition under Democracy vs. Authoritarianism 79 3.3. Patterns of Opposition under Authoritarianism in the Middle East 89 The Representation Function 93 The Legitimacy Function 93 The Channeling Function 94 The Moderation Function 94 Chapter 4: Mapping the Landscape of Contentious Politics in Egypt 97 4.1.
    [Show full text]