Gameela Ismail has been critical of President Abdel Fattah El Sisi's government. EPA
Gameela Ismail has been critical of President Abdel Fattah El Sisi's government. EPA
Gameela Ismail has been critical of President Abdel Fattah El Sisi's government. EPA
Gameela Ismail has been critical of President Abdel Fattah El Sisi's government. EPA

Egyptian opposition leader Gameela Ismail says she will run for president


Hamza Hendawi
  • English
  • Arabic

Veteran Egyptian opposition leader Gameela Ismail has declared her intention to run for president, becoming the first woman to seek the highest office in Egypt.

Ms Ismail, who leads the Constitution Party and is a critic of incumbent President Abdel Fattah El Sisi, said it had taken her weeks to decide whether to accept her party's nomination to contest the election.

“It was not an easy decision given the uncertainty shrouding the political scene and the insistence of the ruling regime to ignore demands by political forces and popular masses for a democratic election that's not tailor-made for a single person,” she said in a statement.

The date of the election is due to be officially announced on September 25 but unconfirmed media reports say the vote will take place in the first half of December.

Ms Ismail, 57, was a key figure in the 2011 uprising that forced long-time president Hosni Mubarak to step down. She started her career as a journalist, first as a reporter then a TV presenter. She is also a prominent defender of women's rights.

So far, the only other opposition leader to announce their candidacy is Ahmed Tantawy, an outspoken former politician who has been openly critical of Mr El Sisi's policies.

The others who have publicly announced their plans to contest the vote are supporters of the president, with their participation widely seen as an attempt to give the vote the appearance of a competitive race.

Mr El Sisi, who has been president since 2014, has yet to announce whether he will run for a third six-year term but he is widely expected to do so. He has already been addressing crowds of supporters in campaign-style rallies in which he defended his policies.

An election campaign poster promoting incumbent President Abdel Fattah El Sisi in Cairo. EPA
An election campaign poster promoting incumbent President Abdel Fattah El Sisi in Cairo. EPA

In the previous election, held in 2018, the only candidate to run against Mr El Sisi was an obscure politician who entered the race at the last minute and repeatedly declared his support for the Egyptian leader.

Ms Ismail's statement was scathingly critical of Mr El Sisi's government, which she accused of being undemocratic and lacking transparency.

“People want to end their exclusion from information and decisions and hold to account the officials responsible for the daily crisis,” she said. “We don't know why we borrow? Where the loans go? And why we have power cuts after we promised to export electricity?”

Egyptians will vote for their next president amid a crushing economic crisis.

The Egyptian pound has lost half of its value since March last year and a persistent dollar crunch is suppressing imports and hurting domestic industries. Inflation is at a record high, pushing millions into poverty.

Egypt is also saddled with more than $160 billion in foreign debt, which it is struggling to repay.

Many businesses are struggling as Egypt is locked in an economic crisis. AFP
Many businesses are struggling as Egypt is locked in an economic crisis. AFP

The government blames the dire state of the economy on the coronavirus pandemic and the war in Ukraine, and has rejected criticism of its multibillion-dollar megaprojects, including the new $60 billion capital city in the desert east of Cairo and a resort city on the Mediterranean coast used as the summer seat of the government.

Ms Ismail and others have criticised the government's spending priorities and also called for the gradual withdrawal of the military from economic activity to allow the private sector to assume a greater role. Mr El Sisi says the use of the military was meant to ensure the timely completion of development projects.

“We are enduring the destructive consequences of policies in which we did not participate,” said Ms Ismail.

A construction site at the New Administrative Capital, 45 kilometres east of Cairo, in September 2022. EPA
A construction site at the New Administrative Capital, 45 kilometres east of Cairo, in September 2022. EPA

Commission promises fair elections

Ms Ismail's statement came only hours after the State Election Commission sought to reassure voters of the integrity and transparency of the coming vote.

Ahmed El Bendary, the commission's executive director, said authorities would view all candidates equally.

He also appealed to the relevant state institutions and media to “abide by objectivity and neutrality and afford all candidates equal opportunities to present their programmes to the Egyptian people”.

He did not say what measures the commission would take to ensure the compliance of these institutions.

“We emphasise that the commission will not show any hesitance to take all the legal measures against anyone who casts doubt about the integrity and transparency of the commission's efforts,” he warned. “The law will be implemented against anyone who seeks to deface that feast of democracy [the election].”

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

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- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

WTL%20SCHEDULE
%3Cp%3EDECEMBER%2019%20(6pm)%0D%3Cbr%3EKites%20v%20Eagles%0D%3Cbr%3EAliassime%20v%20Kyrgios%0D%3Cbr%3ESwiatek%20v%20Garcia%0D%3Cbr%3EEntertainment%3A%20Tiesto%3C%2Fp%3E%0A%3Cp%3EDECEMBER%2020%20(6pm)%0D%3Cbr%3EFalcons%20v%20Hawks%0D%3Cbr%3EDjokovic%20v%20Zverev%0D%3Cbr%3ESabalenka%20v%20Rybakina%0D%3Cbr%3EEntertainment%3A%20Wizkid%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2021%20(6pm)%0D%3Cbr%3EFalcons%20v%20Eagles%0D%3Cbr%3EDjokovic%20v%20Kyrgios%0D%3Cbr%3EBadosa%20v%20Garcia%0D%3Cbr%3EEntertainment%3A%20Ne-Yo%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2022%20(6pm)%0D%3Cbr%3EHawks%20v%20Kites%0D%3Cbr%3EThiem%20v%20Aliassime%0D%3Cbr%3EKontaveit%20v%20Swiatek%0D%3Cbr%3EEntertainment%3A%20deadmau5%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2023%20(2pm)%0D%3Cbr%3EEagles%20v%20Hawks%0D%3Cbr%3EKyrgios%20v%20Zverev%0D%3Cbr%3EGarcia%20v%20Rybakina%0D%3Cbr%3EEntertainment%3A%20Mohammed%20Ramadan%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2023%20(6pm)%0D%3Cbr%3EFalcons%20v%20Kites%0D%3Cbr%3EDjokovic%20v%20Aliassime%0D%3Cbr%3ESabalenka%20v%20Swiatek%0D%3Cbr%3EEntertainment%3A%20Mohammed%20Ramadan%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2024%20(6pm)%0D%3Cbr%3EFinals%0D%3Cbr%3EEntertainment%3A%20Armin%20Van%20Buuren%0D%3Cbr%3E%0D%3C%2Fp%3E%0A
Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
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Hunting park to luxury living
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