Back to the Future With Egypt’s Crony Economic Recovery Plans

Back to the Future With Egypt’s Crony Economic Recovery Plans
U.S. Secretary of State John Kerry and Egyptian President Abdel Fattah el-Sissi, Oct. 13, 2014, Cairo, Egypt (State Department photo).

“The New Egypt” wants New York City to know that it is open for business. Coinciding with Egyptian President Abdel Fattah el-Sissi’s arrival in New York last month for the U.N. General Assembly meeting, billboards appeared on the sides of buses, the roofs of buildings and a huge Nasdaq video screen in Times Square, promoting Egypt’s “Peace, Prosperity and Growth,” over a Pyramid-centered mash-up of Pharaonic temples and the Suez Canal. An Egyptian businessman whom el-Sissi had in tow reportedly paid for the campaign. Weeks later, U.S. Secretary of State John Kerry was in Cairo for a Gaza donors’ conference, […]

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