January 16, 2013

Brotherhood's Agenda, Egypt's Catastrophe

Ilan Berman, Forbes

AP Photo

It has been heralded as a humanitarian gesture and a sign of Arab leadership, but Qatar’s decision last week to double its $2.5 billion aid package to Egypt is also a telling indicator of the true economic state of affairs in post-revolutionary Egypt.


The prognosis is exceedingly grim. Two years after the ouster of long-serving strongman Hosni Mubarak, Egypt is in the throes of a full-blown economic crisis. Government reserves have dropped by more than half, plummeting from $36 billion in 2011 to just $15 billion today. That’s enough to cover just three months of imports of vital commodities such as food and petroleum. GDP growth has slowed to under 2 percent, and the country’s national currency, the Egyptian Pound, is in freefall. At the same time,...

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TAGGED: Qatar, Egypt


January 8, 2013
Why America Needs Al Jazeera
Patrick Theros, The Daily Beast
I, for one, was delighted to learn this week that Qatar-based news organization Al Jazeera had purchased Al Gore’s Current TV in a savvy move to bring the Middle East’s most popular news channel to 40 million American... more ››
January 6, 2013
Can Morsi Learn to Take a Joke?
Boston Herald
The country’s best-known TV talk show host, Bassem Youssef, who models his show on Jon Stewart’s “The Daily Show,” has been accused of . . . get ready for it . . . making fun of... more ››
January 7, 2013
Jihadis Take Over North Sinai
Alastair Beach, The Daily Beast
Hundreds of miles away from the political turmoil here, amid the vast desert expanses bordering the Gaza Strip and Israel, there is a ticking time bomb which grows more dangerous by the day. Western officials believe that... more ››
January 5, 2013
Whose Constitution Is It in Egypt?
Yasmine El Rashidi, NY Review of Books
One measure of how complicated Egyptian politics has become is that hardly anyone was surprised by the outcome of the constitutional referendum in late December. Amid the largest anti-government protests since the 2011... more ››
January 4, 2013
Don't Bet on an Egypt-Iran Detente
Mehdi Khalaji, Project Syndicate
The Sunni-Shia divide could pose a major challenge for Egypt-Iran relations. The Muslim Brotherhood is working to strengthen ties with Sunni allies, such as Saudi Arabia, Qatar, and even Turkey, rather than with Iran’s Shia... more ››