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Sunday, 21 August 2016

Driving the conversation on Egypt in the international press on 21 August 2016

Reuters’ piece “In Egypt, IMF Deal Brings Austerity Few Can Afford” is getting wide pickup, including nods in Fortune magazine and the New York Times, easily making it the most widely-circulated business story on Egypt this morning. FastFT, meanwhile, notes that JPMorgan, Citi, BNP Paribas and Natixis have been tapped to run Egypt’s upcoming issuance of up to USD 5 bn in bonds, with no bonds likely to hit the street “until Egypt finalises an agreement with the International Monetary Fund for a USD 12 bn loan.

News that eight female state television anchors had been dismissed for being overweight continued to make headlines over the weekend, while a 13-year-old Egyptian illegal migrant who traveled to Italy to seek medical treatment for his brother is making global headlines after Euronews picked up the story.

Elsewhere, Alaa El Aswany’s “The Automobile Club of Egypt” gets notice in the New York Times’ “Paperback Row” as one of seven notable novels to debut in paperback this week: “The author, one of the Middle East’s most popular, offers keen insight into midcentury Egypt’s colonial tensions.”

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