Former Deputy Prime Minister Ziad Bahaa ElDin says the current draft of the Investment Law brings nothing new to the table, in a piece penned for Al Shorouk. The draft makes two incorrect assumptions: the notion that foreign investors must be given tax exemptions and special incentives to come to Egypt, and that we don’t have enough time to reform the investment climate properly. Bringing back notorious tax exemptions at a time when social solidarity is fragile is dangerous, while a health investment environment is far more important than special incentives.

El Watan’s Ali El Selmy says that cutting government budgets alone won’t achieve much without restructuring the entire bloated bureaucracy. The jumble of intersecting jurisdictions and over-staffed government bodies must be cleared. Meanwhile, the newspaper’s Moataz Abdelfattah feels we have a thing or two to learn from the Great Depression of the 1930s when it comes to solving the unemployment crisis.