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).
U.S. Secretary of State John Kerry and Egyptian President Abdel Fattah el-Sissi, Oct. 13, 2014, Cairo, Egypt (State Department photo).
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“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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