Tag Archives: al-shater

The official unofficial El Sisi presidential candidacy continues in Egypt

sisicult

It’s nearly April, which means that under the framework discussed at the time of Egypt’s constitutional referendum in January, we should be approaching the final stretch of a new presidential election, the second election in three years in Egypt’s troubled post-Mubarak era.egypt_flag_new

Instead, there’s still no date settled for the presidential election — or for the parliamentary elections that were supposed to be held by the end of July. Rather, Egypt’s interim president Adly Mansour now promises only that the presidential election will be completed sometime before mid-July.

In the meanwhile, Egypt’s defense minister and army chief Abdel-Fattah El-Sisi still hasn’t officially declared whether he will be a candidate in the upcoming presidential election, although the Egyptian military vigorously denied a Kuwaiti media report in early February that El-Sisi was certain to run. But El-Sisi’s candidacy — and his ultimate triumph — seem an increasingly foregone conclusion.

El-Sisi’s face is everywhere, he’s featured on every conceivable kind of merchandise on the streets of Cairo, and despite the military’s suppression of opposition voices within Egypt these days, there’s a genuine groundswell of support for El-Sisi on the basis that he’s the only figure in Egypt strong enough to get the country back on the right track. Continue reading The official unofficial El Sisi presidential candidacy continues in Egypt

Morsi announces surprise choice as new Egyptian prime minister

This is a little strange.

Egyptian president Mohammed Morsi has appointed little-known Hisham Qandil, the current transitional minister of water resources and irrigation, as Egypt’s new prime minister.

This upends several media reports over the past few weeks that Morsi was narrowing his search to more well-known economist types, such as former Central Bank of Egypt president Mahmoud Abul-Eyoun.  The announcement came nearly a month after Morsi was sworn in and after multiple delays.

Since inauguration, Morsi has struggled with the Supreme Council of the Armed Forces over everything from the appointment of the Constituent Assembly (which will write Egypt’s new constitution) to the disbanding of Egypt’s Islamist-dominated parliament.  One of the key problems in assessing Qandil’s appointment is that no one knows what Morsi’s powers will be as Egypt’s president (especially vis-a-vis SCAF), let alone what to expect from his prime minister.

We also know what Egypt’s investors think of the appointment: not much. Stock prices in the benchmark EGX 30 fell 1% today.

Qandil, relatively young at age 50, is not a particular specialist in economics and, prior to his appointment as water minister in July 2011, was a senior bureaucrat in the water ministry.  At a press conference later, he announced that he intends to appoint a technocratic cabinet shortly, and that he would focus on Morsi’s five top priorities — his ‘100 day plan’ to focus on security, traffic, bread, public cleanliness and fuel.

The announcement does not tell us with any further clarity what official role, if any, the Muslim Brotherhood’s Khairat al-Shater will play in the new government — al-Shater, a businessman and Islamic activist, was the Brotherhood’s original candidate for president prior to his disqualification earlier this spring, and is believed to wield signficant influence behind the scenes with the new Morsi administration.

I’ll note, however, that “water” is not among those five priorities, but water management and supply is a critical issue for a desert country whose main river, the Nile, is absolutely critical to its economy, transportation, agriculture, health and sustainability.

Like Morsi, he appears to have studied in the United States — he apparently has a doctorate in irrigation from the University of North Carolina in 1993.  He has also served as a senior manager for the African Development Bank.

It’s also strange that the announcement came initially via the Facebook page of the Muslim Brotherhood’s Freedom and Justice Party — Morsi has gone to lengths to sever official ties with the group since his election last month as Egypt’s new president, and he stressed in his press conference that Qandil has belonged to no official political party, but Egypt Independent has already noted one detail that could concern secularists:

The former irrigation minister’s beard has caused speculation of Islamist tendencies. He denied any affiliation with Islamist groups when he told Al Jazeera his beard was grown in keeping with religious obligations.

Photograph by Al-Masry Al-Youm of the Egypt Indpendent.

Forget PIMCO’s Mohamed El-Erian — Egypt’s new PM is likely to be Mahmoud Abul-Eyoun

UPDATE, July 24: In a surprise move, Morsi has announced water minister Hisham Qandil as his new prime minister.

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Newly inaugurated Egyptian president Mohammed Morsi is set to announce his pick for prime minister on Wednesday, which will be perhaps the single most important signal yet from the Morsi administration as to how he will govern.

Western media are speculating that it will be none other than Mohamed El-Erian, chief executive officer of Pacific Investment Management Co.  The idea that El-Erian would leave PIMCO and return to Egypt after an entire adult life spent abroad to take on an undefined role for a Muslim Brotherhood-backed president whose role is equally undefined is, to say the least, farfetched.  Even El-Erian himself appears to have denied the reports.

In contrast, several Egypt-based news sources seem almost certain that the new prime minister will be former Central Bank of Egypt president Mahmoud Abul-Eyoun (shown above), who served as the CBE president from 2001 to 2003 and served as CEO of the Kuwait International Bank until December 2011.

If not Abul-Eyoun, sources have indicated that the prime minister will come from among three additional possibilities, each of whom is an economist: Farouq al-Oqda, the current governor of the Central Bank of Egypt since 2003; Hazem al-Biblawy, a former finance minister; or Osama Saleh, head of the General Authority for Investment.

Those reports make a lot of sense to me:

  • Morsi is not an economist, but the biggest challenge for his administration will be to boost Egypt’s sclerotic economy — international reserves have plummeted by half and borrowing costs have risen 50% since Hosni Mubarak was toppled in Febraury 2011 after three decades in power.  Unemployment is high, especially among the young, and GDP growth is expected to slow from an already tepid 2.5% in 2011 to just 1.5% this year.
  • Morsi has stated  that he wants to appoint a cabinet gradually, so as to ensure the seamless nature of the transition.
  • If he appoints a Muslim Brotherhood member or an Islamist, it will be instantly divisive , drawing mistrust from Coptic Christians, secularists and liberals, to say nothing of SCAF, the military and the so-called ‘deep state’ elements that remain entrenched in the fabric of Egyptian political power.
  • As the former parliamentary leader of the Freedom and Justice Party, the Brotherhood’s political arm, however, Morsi will not want to appoint a prime minister deemed too unacceptable to the Brotherhood.
  • If he appoints someone too close to SCAF or Hosni Mubarak’s old regime, he’ll draw criticism from Islamists and secularists alike.
  • If he appoints someone too famous (like El-Erian or other well-known figures), he could also risk being overshadowed or outmaneuvered — after all, Morsi’s image in Egypt is of a “spare tire” who was only the Brotherhood’s last-minute choice for the presidency.

So among those four options, Abul-Eyoun seems the most likely.  The 75-year-old al-Biblawy served as finance minister recently under the transitional SCAF government, but tried to resign after clases between police and Coptic Christians in October 2011.  Morsi may also prefer to keep al-Oqda and Saleh in their current roles, so as not to disrupt Egypt’s economy any further.

That hasn’t stopped rumors like the El-Erian one, nor has it stopped speculation that Mohamed ElBaradei, former head of the International Atomic Energy Agency, might be appointed prime minister, or that the Muslim Brotherhood would prefer Khairat al-Shater, a businessman who was the Muslim Brotherhood’s first choice for the presidential race, until his disqualification in May. Continue reading Forget PIMCO’s Mohamed El-Erian — Egypt’s new PM is likely to be Mahmoud Abul-Eyoun

Disqualifications reshape Egyptian presidential race

This weekend’s decision by Egypt’s Presidential Elections Commission to disqualify ten candidates (out of 23) in the upcoming Egyptian presidential election on May 23 — including the Muslim Brotherhood’s candidate, a former top official of Hosni Mubarak’s regime and another popular Salafist candidate — appears to have closed a topsy-turvy chapter in the race.

The latest drama started when Salafist preacher Hazem Abu Ismail (above, top) began gaining traction in the race.  A hardline Islamist, Abu Ismail’s campaign targeted a smaller role for the Egyptian military in public life and a correspondingly greater role for Islam.  A proponent of Iranian-style reforms, he would make the veil mandatory for women.  He also advocated a ban on alcohol consumption, including for foreign tourists, and the closing of gambling casinos, currently open to foreigners.

While this hardline agenda is fairly popular with not just a few Egyptians, it essentially terrified everyone else in Egypt — from the secular military to Egypt’s vocal minority of Coptic Christians to the tourism industry, which would rather not scare away any more Western visitors.  Meanwhile, the more moderate Muslim Brotherhood, which had previously pledged not to field a candidate for the presidential election, also saw Abu Ismail as a threat.  In sitting out the presidential election, it ceded to Abu Ismail the full spectrum of Islamists, conservative and moderate.  But, more existentially, as Abu Ismail’s tone and support began to sound alarm among those who want to perpetuate Egyptian’s secular state, it risked being lumped together with the Salafists. Continue reading Disqualifications reshape Egyptian presidential race