Friday 24 November 2017
(New Business Ethiopia 07/05/13)
Sudanese Agriculture and Irrigation Minister, Abdelhalim Almutaafie said that his country is supportive of the construction of the Grand Ethiopian Renaissance Dam which is being constructed at a place only about 40 Kms from his country’s border. The Minister said the rationale behind the support of Sudan to the construction of the Ethiopian dam is that the dam is a “model “of development in the region. He also said that it is better to build dams in Ethiopia that in the Sudan or Egypt because of topographical reasons. “The level of evaporation in Sudan is higher than in Ethiopia for dam water reservoirs in Sudan and Egypt would be exposed to higher temperature from the environment and the sun as...
(Ahram Online 07/05/13)
The coming government will face a complicated economic situation that can not be solved without political vision. Two and half years after the energy of Egypt's revolution, economic challenges have only grown bigger. The economy has paid a heavy price for the political instability and mismanagement of different governments who have been in power since then. Since 2011, unemployment has increased, as has poverty. The budget deficit has widened, a liquidity shortage of foreign currencies appeared, the Egyptian pound officially lost around 22 per cent of its value, inflation has risen and social discontent has grown, with increased levels of labour action. In addition, chronic gasoline shortages and electricity cuts which hastened Morsi's ouster, causing significant discontent leading up to...
(The Telegraph 07/04/13)
Having just returned from Cairo, Anthony Sattin weighs up what the overthrow of Mohamed Morsi might mean for tourism to Egypt. When the Foreign Office urged travellers this week to avoid all but essential travel to most of Egypt - following weeks of violent protests that have since prompted a military coup - it was the latest in a series of body blows to the country’s tourism industry. Even before that warning, which leaves only the Red Sea resorts open to Britons, Abta, the travel association, said bookings for Egypt were at a new low, with hot-air balloon crashes and kidnappings in the Sinai also causing concern. Now all package holidays to destinations beyond the Red Sea have been suspended,...
(AFP (eng) 07/04/13)
Egyptian military police on Thursday arrested Muslim Brotherhood supreme guide Mohammed Badie, a security official said, as authorities rounded up members of the influential group from which ousted president Mohamed Morsi hails. Badie "was arrested in (the western city of) Marsa Matrouh at the request of the prosecution for inciting the killing of protesters," the official told AFP. A judicial source told AFP that the prosecution would on Monday begin questioning members of the group, including Morsi, for "insulting the judiciary" as charges against the movement began to pile up. Other Brotherhood leaders would be questioned on the same charges, the source said, including the head of the group's political arm Saad al-Katatni, Mohammed al-Beltagui, Gamal Gibril and Taher Abdel...
(AFP (eng) 07/04/13)
An alliance of Islamist parties and movements including ousted president Mohamed Morsi's Muslim Brotherhood has called for "peaceful protests" on Friday to denounce the military's overthrow of the Islamist president. The National Alliance to Support Legitimacy called for "peaceful protests on Friday in all of Egypt's provinces to denounce the military coup against legitimacy and in support of the legitimacy of President Morsi". In a statement earlier, the Muslim Brotherhood and its political arm, the Freedom and Justice Party, slammed "the terror of the police state through its arrests of Brotherhood leaders and the closure of satellite channels". The statement was read out to Morsi supporters gathered in Cairo's Nasr City surrounded by army vehicles, a day after he was...
(Bloomberg 07/04/13)
Gold futures rose as Europe’s debt crisis and escalating tensions in Egypt spurred demand for the precious metal as a haven. Silver also advanced. Two Portuguese ministers resigned in a dispute with Prime Minister Pedro Passos Coelho over handling of government debt, and borrowing costs rose in Spain and Italy. Egyptian President Mohamed Mursi sought to retain power with a call for an interim coalition government just before the expiration of a military deadline that could drive him from office. Gold futures dropped 23 percent last quarter, the most since at least 1975. “Europe’s debt struggle is back in the forefront, and that is bringing some people to gold as a safety net,” Carlos Perez-Santalla, a New York-based broker at...
(AFP (eng) 07/04/13)
Egypt's chief justice Adly Mansour was sworn in as the country's interim president on Thursday, a day after the military ousted and detained Mohamed Morsi following a week of massive protests. "I swear to preserve the system of the republic, and respect the constitution and law, and guard the people's interests," Mansour said as he took the oath of office at a ceremony in the Supreme Constitutional Court. Officials welcomed the declaration with a warm round of applause. The swearing-in ceremony, which was broadcast live on national television, came after the military swept aside Morsi on Wednesday, a little more than a year after the Islamist leader took office. A senior military officer told AFP the army was now "preventively"...
(Voice of America 07/04/13)
The chief justice of Egypt's Supreme Court is set to become the country's interim leader, a day after the military ousted Egypt's first democratically elected president. Thursday's scheduled swearing-in of 68-year-old Adly Mansour follows a dramatic escalation of popular opposition to President Mohamed Morsi this week. What began as massive protests drawing millions at sites across the country Sunday ended Wednesday with Morsi in military custody. State media said arrest warrants were also issued for 300 members of Morsi's Muslim Brotherhood. Army chief Abdul Fatah Khalil Al-Sisi gave a televised address saying the army is heeding the call of the Egyptian people and suspending the country's barely six-month-old constitution. He laid out a roadmap for the government's future, including installing...
(NBC News 07/04/13)
An Egyptian constitutional court judge appointed by Hosni Mubarak - the strongman leader ousted by the Arab Spring uprising - was sworn in as acting president on Thursday after the military overthrew the country’s first democratically elected head of state. Adly Mansour, chairman of the Supreme Constitutional Court, took office for an unspecified transitional period. The army stressed it had no interest in power and would seek to hold early elections but it was unclear when they would occur. The country’s constitution, which opponents of ousted Islamist President Mohammed Morsi claimed was rewritten to favor his Muslim Brotherhood movement, was also suspended on Wednesday. A spokesman for the Brotherhood confirmed that Morsi was under house arrest at the Republican Guard...
(Voice of America 07/04/13)
Asian and European markets tumbled Wednesday on fears of continued Egyptian political unrest and uncertainty over the fate of the Portuguese ruling coalition. Global oil prices hit a 14-month high, with the light sweet crude traded in New York topping $102 a barrel. Investors worried that the crisis in Egypt could affect Middle East oil shipments through the Suez Canal, a key transit point. Hong Kong's Hang Seng index plunged 2.5 percent, while markets in London, Frankfurt and Paris were all down more than 1 percent in afternoon trading. U.S. shares were off slightly as trading opened in New York. European traders were especially worried about the political uncertainty in debt-ridden Portugal, after two key government ministers resigned this week...
(AFP (eng) 07/04/13)
President Barack Obama on Wednesday called for a swift return to elected civilian rule in Egypt, saying the United States was "deeply concerned" by the military's toppling of Mohamed Morsi. Obama also sent a signal to military leaders, ordering a review of the hundreds of millions of dollars in annual US aid to Egypt in light of the army's move against Morsi, the nation's first democratically elected president. "I now call on the Egyptian military to move quickly and responsibly to return full authority back to a democratically elected civilian government as soon as possible," Obama said, just hours after Morsi's ouster. In Obama's strongest statement to date on the mounting crisis in Egypt, he also urged the powerful army...
(AFP (eng) 07/04/13)
The Egyptian police has orders to arrest 300 leaders and members of Mohamed Morsi's Muslim Brotherhood after the army deposed the Islamist president on Wednesday, the website of the official Al-Ahram newspaper reported early Thursday. A senior interior ministry official confirmed to AFP that arrest warrants had been issued for "Muslim Brotherhood members", but provided no further details. Morsi's whereabouts, meanwhile, remained unknown. A presidential aide said that Morsi had been moved from his office at the headquarters of the Republican Guards to an undisclosed location. Several of his aides said they had lost all communication with Morsi and do not know what his status is. The interior ministry official, a police general, confirmed police arrested Saad al-Katatni, who heads...
(CBS News 07/04/13)
With Egypt's first democratically elected president overthrown by the military, the country on Thursday faced unprecedented political limbo. Milllions celebrated all night while Mohammed Morsi -- ousted after only a year in office by the same kind of Arab Spring uprising that brought the Islamist leader to power -- and his Muslim Brotherhood blasted the action as a "full coup" by the generals. The military on Wednesday also suspended the Islamist-drafted constitution, called for new elections and announced it would install a temporary civilian government. The country's chief justice was to be sworn in as interim president later Thursday. Millions of anti-Morsi protesters around the country erupted in celebrations after the televised announcement by the army chief on Wednesday evening...
(AFP (eng) 07/04/13)
Western powers called for restraint and a swift return to democracy in Egypt after the army on Wednesday toppled Islamist president Mohamed Morsi, detaining him and his top aides. The military said it had responded to mass demonstrations calling on Morsi to go, but the West expressed unease that Egypt's first democratically elected leader had been overthrown after only a year in office. US President Barack Obama urged a quick return to elected civilian government. "We believe that ultimately the future of Egypt can only be determined by the Egyptian people," Obama said in a statement after emergency talks with top aides. "Nevertheless, we are deeply concerned by the decision of the Egyptian Armed Forces to remove President Morsi and...
(Mail & Guardian 07/04/13)
The UN has been left to ponder the validity of the ouster of Egypt's President Mohamed Morsi, while the West considers placing sanctions on aid. Egypt's army held ousted president Mohamed Morsi at a military facility in Cairo on Thursday. Other Muslim Brotherhood leaders were arrested in a crackdown on the movement that won several elections last year. The United Nations, the United States and other world powers did not condemn Morsi's removal as a military coup. To do so might trigger sanctions. Army intervention was backed by millions of Egyptians, including liberal leaders and religious figures, who expect new elections under a revised set of rules. But as vast crowds partied on Cairo's Tahrir Square, hailing a "second revolution"...
(AFP (eng) 07/04/13)
Egypt's army overthrew and detained the country's first democratically elected president, Mohamed Morsi, in an abrupt end to the Islamist's first year in office following days of bloodshed and protests demanding his resignation. A senior military officer told AFP on Thursday the army was "preventively" holding Morsi, whose government unravelled after the military gave him a 48 hour ultimatum in the wake of massive demonstrations against him on June 30, exactly a year into his rule. Morsi's defence minister, armed forces chief General Abdel Fattah al-Sisi, announced Morsi's overthrow on state television on Wednesday, even as police began rounding up key Morsi aides and leaders of the Muslim Brotherhood. Egypt's chief justice Adly al-Mansour will serve as interim president until...
(BBC News Africa 07/04/13)
The Egyptian military has moved into key sites in Cairo hours after its ultimatum passed for President Mohammed Morsi to resolve a political crisis. Tens of thousands of pro- and anti-Morsi protesters have gathered in areas of the capital, as Egyptians await a televised statement. Opposition figure Mohammed ElBaradei and religious leaders will make this statement, the state news agency said. Before the deadline passed, Mr Morsi repeated his refusal to step down. His aides took to social media to describe the events as a military coup but there was no confirmation of this. There are unconfirmed reports that Egyptian officials have placed an international travel ban on Mr Morsi and other senior members of the Muslim Brotherhood. Armoured personnel...
(BBC News Africa 07/04/13)
Egypt's army has removed President Mohammed Morsi from power, suspended the constitution and pledged new elections following mass protests. The army chief announced the move in a TV address. The head of the constitutional court is expected to be sworn in as interim leader on Thursday. Mr Morsi's supporters denounced the move as a military coup and said he was being held in detention. His opponents celebrated through the night in Cairo's Tahrir Square. But officials from Mr Morsi's Muslim Brotherhood said its main rally in Cairo had come under attack by armed assailants and there were reports of deadly clashes elsewhere. US President Barack Obama said he was "deeply concerned" by the latest turn of events and called for...
(Reuters (Eng) 07/04/13)
Egypt's army was holding ousted President Mohamed Mursi at a military facility in Cairo on Thursday and other Muslim Brotherhood leaders were arrested in a crackdown on the movement that won several elections last year. The United Nations, the United States and other world powers did not condemn Mursi's removal as a military coup. To do so might trigger sanctions. Army intervention was backed by millions of Egyptians, including liberal leaders and religious figures who expect new elections under a revised set of rules. But as vast crowds partied on Cairo's Tahrir Square, hailing a "second revolution" to match the overthrow of Hosni Mubarak in 2011, Islamists feared a clampdown that revived memories of their sufferings under the old, military-backed...
(AFP (eng) 07/03/13)
CAIRO, July 3, 2013 (AFP) - Army chief Abdel Fattah al-Sisi laid out the details on Wednesday of a roadmap for Egypt after the ouster of president Mohamed Morsi which names the head of the Supreme Constitutional Court the country's caretaker leader. Sisi, the defence minister in Morsi's government, also announced a freezing of the Islamist-drafted constitution and early presidential elections. He did not say how long the transition period would last and insisted the armed forces would "remain far away from politics". The announcement came in a televised address to the nation. Sisi was joined by the country's top clerics, Sunni Muslim Grand Imam Ahmed al-Tayyeb and Coptic Christian Pope Tawadros II, as well as opposition chief Mohamed ElBaradei...

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