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It looks as if Al-Sisi is after expanding the army’s already extensive involvement in tourism.
Having conquered numerous industrial sectors of the Egyptian economy, the Egyptian Armed Forces increasingly has its sights set on Egypt's all-important tourism industry. President Abdel Fattah al-Sisi, by decree, recently transferred control of chunks of Red Sea real estate — including entire islands and towns — to the nation's military. With these transfers, Red Sea residents fear losing their livelihoods to the investment priorities of the military, an economic behemoth that will now control the development of the transferred properties, prime land in one of Egypt's leisure and tourism hotspots.
Ahmed Idris, the investigating judge appointed by the justice minister to review cases of former officials who had acquired state-owned land, has reached an agreement with the defendants after they...
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I can imagine these offers being accepted. 2.4 billion is a lot of money and, after all, the 'blood money' thing still applies here, doesn't it?
Well President El Sisi has finally ceded the two islands in the gulf of Acabar to the Saudi's, whilst it still has to be ratified by Parliament I can't see that being a problem. A done deal. No doubt...
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The richest man in Egypt, a multi billionaire, attempted to buy a Greek? island to create a safe, self governing land for refugees. The project offered hundreds of jobs for the Greeks, plus work for...