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Monday, 24 October 2016

A quiet morning for Egypt in the international press on 24 October 2015

It’s another comparatively quiet morning for Egypt in the Western press, with major stories being limited to follow-ons about the killing in Cairo of a senior military officer (VOA) and the ongoing sugar crisis (Bloomberg). Many correspondents are using the latter as a way into the wider story of what’s ailing our economy.

Case in point: Tensions are amounting amid a deteriorating economy, Reuters says: If the Central bank of Egypt makes a meagre adjustment to the FX rate, downward pressure will continue to mount on the EGP, economists tell Reuters, but if it makes an EGP 6-8 adjustment, the political and social impact could be “explosive.” The piece highlights the difficult balance between implementing an economic reform program and maintaining social stability as the sugar crisis exacerbates an already volatile situation. "Food price inflation in Egypt…is at a level that is politically toxic," Chief Operating Officer at Pharos Holding Angus Blair said.

Al Monitor, meanwhile, has a reasonable take on relations with KSA headlined “Are Egyptian-Saudi disputes just a passing crisis or a decisive storm?

The other side of the coin: It’s no secret that we’re not terribly enamored of Islamist (sympathizing) and / or Turkish media, but still, it doesn’t hurt to check in with them every now and again. Among the more popular memes in the past week: Drooling over a “widening rift” between Egypt and the GCC:

And while we’re at it, Al-Jazeera’s English service can barely control its salivary glands as it promotes “Is Egypt Facing a Crisis? The presenter doesn’t even both with the question mark in his opener, intoning, “Crisis in Egypt: A little known armed group takes responsibility for killing a high-ranking military officer. As well as security, the country struggles with food shortages and price hikes.” Watch (runtime: 25:14) if you worry your blood pressure might be a bit low this morning. Bonus points if you can tolerate him calling the Daeshbags in Sinai “armed groups, including those [the Ismail government] says are linked to Isil.”

Oh, and Tuktuk Preacherman is not dead: The tuk tuk driver famous for his rant about the economy last week had a chat with Al Arabiya to prove that he’s very much alive, not dead after police torture. Tuktuk Man has been laying low at his in-laws’ to avoid the media storm, he says, denying “reports of his arrest, as claimed by sources close to the banned Muslim Brotherhood.” More on Al Arabiya, where Arabic-language coverage is rather more graphic than what they’re running in English. His original rant on Al-Hayat is here.

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