Wednesday,19 June, 2019
Current issue | Issue 1405, ( 9 - 15 August 2018)
Wednesday,19 June, 2019
Issue 1405, ( 9 - 15 August 2018)

Ahram Weekly

A window for development

New Suez Canal
New Suez Canal

The third anniversary of the opening the new Suez Canal was one of the issues that engaged the people and the press this week.

The editorial of the daily Al-Ahram commemorated the third anniversary of the new Suez Canal by saying it presented a great achievement and a base for sustainable and comprehensive development.

“Three years after it was built, the revenues of the canal, which exceeded LE6 billion this year and covered the cost of its construction, proved that the bet placed by the leadership on its importance to Egypt and the whole world was right.”

The canal, it added, is not only a water path for international trade navigation, but also part of a national project that aims to modernise the map of investment and restructure the economy.

Thus, the edit concluded, the new canal is a window for Egypt’s modern renaissance and has put the country in a prominent place on the world’s economic map.

Amr Hashem Rabie focused on the real estate tax that the general public has been talking about for the last few months.

Rabie wrote that when he browses through social networks, he finds hundreds of comments on the tax in principle or the measures they take to deal with it as a fact.

Another group focuses on their personal experience when they went to pay the tax. Some of them are naïve and are not willing to contest the value of the tax for fear that the judge may raise the tax rather than lower it.

There is a tiny minority among the first group that defends the tax, claiming – as the government says – that it is not new and that it is constitutionally reviewed.

Meanwhile, Rabie added, the majority tend to harp on the fact that the tax is not constitutional as a group of lawyers recently claimed.

These people were shocked by the amount of taxes imposed on all sources of fuel and water and which have burdened them the last three years in order to follow the IMF plan that proved to be a failure in most of the countries in the world, Rabie wrote in the daily Al-Masry Al-Youm.

“They were shocked by the number of loans that the government takes from abroad and which are expected to be a burden on future generations, and by the cost of external loans which have reached $85 billion and are likely to reach $100 billion by 2019,” Rabie added.

In his regular column in the daily Al-Watan, Emadeddin Adib focused on what he called a new chapter in the US-Iranian confrontation.

Adib wrote that this week a series of international sanctions placed against Iran has gradually started.

It went hand in hand, he added, with Donald Trump’s declaration that he was ready to meet senior Iranian officials given that they will not put any preconditions for the meeting.

Adib called this US policy one of “pressure and containment” within a limited period of time.

This has taken place while Iran is facing internal demonstrations. Thus, the writer raised a vital question: “Who will win? The wave that refuses any pressure and is ready for confrontation, or the pragmatic wave that realises those confrontations present a kind of political suicide that will cost the country and the people dearly. Tehran’s reaction to Trump’s call is a mere internal decision,” Adib wrote.

By Mohamed Abdel-Latif, Al-Youm Al-Sabei

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