♦ The FT’s Roula Khalaf says that Algeria’s bloody civil war – which lasted for a decade after the military cancelled an Islamist poll victory in 1991 – has lessons for all sides in Egypt: for the military to not repress the Islamists, for the Islamists not to take violent revenge for the coup that ousted Mohamed Morsi, and for the liberals not to embrace the military’s strongarm tactics.
♦ The model for the Middle East, proving that democracy and Islam could coexist, sued to be Turkey. But this is no longer the case. Recep Tayyip Erdogan has been accused of tampering with secularism by promoting Turkey’s “own brand of Sunni Islam,” which has isolated him from both religious and secular forces.
♦ Saudi Arabia and the UAE, delighted at the overthrow of Morsi and the promises of interim authorities to regain stability, have pledged $8bn in aid to Egypt to help fight a slide in the pound and a foreign reserves crisis.
♦ Away from the Middle East, the FT Analysis page looks at the supercomputer. With its politicians mired in budget wrangling that have frozen current funding levels, the US looks set to be surpassed by China in the race to build an exascale supercomputer – a machine 1,000 times faster than the fastest of today. Such computers are vital for scientific simulations, including investigations into everything from earthquakes to the human heart.
♦ Self-imposed currency controls in Cyprus to aid crisis management have led to the devaluing of the euro there, prompting anxiety among business people.
♦ A brand new 64,000 sq ft military headquarters in Kandahar province that will never be used is being held up as an example of the massive scale of US wastefulness in Afghanistan as its military prepares to withdraw. Read more