The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
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A backgrounder on the Building and Development Party.
This resource was published on 9/20/2011 and is not updated to reflected changing circumstances.
The Building and Development Party (al-Banna’ wa al-Tanmiyya) is the official political party of the Egyptian al-Gama’a al-Islamiyya (the Islamic Group). It was founded by the prominent Islamist Tareq al-Zumr following the January 2011 uprising. Al-Banna’ wa al-Tanmiyya was a member of the Democratic Alliance until it left on October 14, 2011, accusing the Brotherhood of monopolizing the political process and not dealing with them in good faith. The party won a number of seats in the 2011-2012 parliamentary elections as a member of the Islamist Alliance.
Tareq al-Zumr: Founder
Safwat Abd al-Ghani: Founder
Al-Shazli al-Sagher: Founder
Ashraf Tawfiq: Founder
Mohammed Essam Derbala: President of the Shura Council of the Egyptian al-Gama’a al-Islamiyya
Osama Hafez: Vice president of the Shura Council of the Egyptian al-Gama’a al-Islamiyya
On June 20, 2011, the Egyptian al-Gama’a al-Islamiyya announced the establishment of its official political wing, al-Banna’ wa al-Tanmiyya. The party was founded by a number of prominent members of al-Gama’a Islamiyya in Egypt, including Tareq al-Zumr and Safwat Abd al-Ghani. Tareq al-Zumr made headlines in Egypt in March 2011 when he was released from prison along with Aboud al-Zumr, after the two spent thirty years in prison for planning President Anwar al-Sadat’s assassination.
The party’s founders stated that their group has accepted the principles of political pluralism and equality and has renounced all forms of violence. On September 19, the Political Parties Affairs Committee denied the party a license because its platform was deemed “purely religious.” Al-Banna’ wa al-Tanmiyya finally gained official recognition as a political party in October 2011.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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