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Monday, 22 November 2021

Sawiris calls for end to “unfair” state involvement in the economy

This morning in the foreign press: Naguib Sawiris says he wants fair competition for Egyptian businesses. The outspoken b’naire told AFP that the government’s involvement in the private sector has resulted in an “unfair” playing field and has scared off foreign investors. As well as criticizing the tax and customs exemptions handed to state firms, Sawiris admitted to the newswire that he avoids bidding in contracts where there’s competition from government entities “because it's not a level playing field."

Also making headlines:

  • Gaza crossing troubles: Palestinians are expressing frustration at the high cost and “humiliation” of border crossing into Egypt from Gaza. (France 24)
  • COP27 worries begin: Human rights activists are preemptively worried civil society groups may not be allowed to protest at COP27 in Egypt. (The Guardian)

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