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The less-ambitious approach fit with Biden's determination to pivot his foreign-policy focus from Middle East hotspots to China. Arab leaders “are very aware this is going to keep blowing up. Then, Hamas's breakout from Gaza shattered what National Security Adviser Jake Sullivan had hailed as a period of Middle East calm. Brokering those alliances would stabilize the Middle East in themselves, no Israeli-Palestinian peace accord needed, supporters have argued. The nightmare unfolding now for Israeli and Palestinian civilians argues differently, when it comes to Biden's approach, critics say.
Persons: Biden, Richard Nixon, Joe Biden, Benjamin Netanyahu's, Abdel Fattah el, Sissi, Antony Blinken, , Yezid Sayigh, Malcolm H, it’s, Sayigh, Netanyahu, Mahmoud Abbas, Donald Trump, Jake Sullivan, Prince Mohammed bin Salman's, , Jonathan Lord, Yousef Munayyer, Sam Magdy Organizations: WASHINGTON, Camp David, Israeli, West Bank, United, Palestinian, Kerr Carnegie Middle East Center, U.S, Trump, United Arab, National, Biden, Hamas's, Center, New, New American Security, Arab, Associated Press Locations: Israel, China, Gaza, United States, Cairo, East, Jordan, Egypt, East Jerusalem, Saudi Arabia, Beirut, Lebanon, American, United Arab Emirates, Bahrain, Morocco, U.S, Iran, Saudi, New American, Palestine, Washington
Egypt desperately needs the proceeds from privatisation after a series of economic shocks. STAKE SALE DRIVEEgypt set a target in 2022 of raising $10 billion annually over four years through private investment in state assets. Egypt has established its own sovereign fund to bring in private investors to develop state assets, but the move appears designed to attract capital without relinquishing control, said Sayigh. "They want others to help the state with its financial burden, but it's still the state that determines priorities and investments," he said. MILITARY TAX BREAKSFuture asset sales will be complicated by an expansion under Sisi of the military's often opaque economic role, analysts say.
Why Egypt is asking its people to eat chicken feet
  + stars: | 2023-01-18 | by ( Nadeen Ebrahim | ) edition.cnn.com   time to read: +17 min
Abu Dhabi CNN —Egypt’s economic situation is so dire that the government is asking people to eat chicken feet. In Egypt, chicken feet are seen as the cheapest of meat items, considered by most as animal waste rather than food. After the recommendation to switch to chicken feet, the price of one kilogram of the product reportedly doubled to 20 Egyptian pounds ($0.67). But those firms don’t operate like private companies, enjoying special privileges without disclosing their financial data to the public. Experts have questioned why international creditors had not leveraged their loans to drive Egypt’s military out of the economy.
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