Tuesday 16 January 2018
( 02/13/13)
An Egyptian activist whose death provoked violent protests was killed in a car crash and was not tortured to death by police, a senior forensic official said on Tuesday. Fellow campaigners had said Mohamed el-Gendi, 23, was rounded up along with other youth protesters on January 25, the second anniversary of the start of the Egyptian revolt against autocrat Hosni Mubarak. Security sources said he was taken to a state security camp, interrogated and tortured, drawing parallels with the brutal tactics used by Mubarak's henchmen during his rule. The interior ministry had already denied the accusations saying Gendi was hit by a car on January 28, and taken to Cairo's Hilal hospital where he died some days later. That account...
( 02/13/13)
Three masked gunmen killed the bodyguard of the Governor of Egypt’s Central Bank and stole his car on Wednesday after forcing the driver out of the vehicle. Newly-appointed central bank governor Hesham Ramez was not in the car at the time, according to the Middle East News Agency (MENA) , Egypt’s state news agency. The car-jackers, who drove off in the vehicle, apparently missed Ramez by just a few minutes; the bodyguard and driver were on their way to pick him up when the attackers opened fire on the vehicle, MENA reported. The country has faced unprecedented violence and the crime rate has skyrocketed since former President Hosni Mubarak was forced from power two years ago in what has become...
( 02/13/13)
The United States expressed concern on Tuesday about growing political polarization in its major ally Egypt and a "climate of impunity" over abuses by police and security forces in the most populous Arab nation. At a news conference after a four-day visit, U.S. Assistant Secretary of State for Human Rights, Democracy and Labour Michael Posner avoided direct criticism of the Muslim Brotherhood-led government of President Mohamed Mursi. But he said young people's economic and political concerns, which had led to recent violent protests, should be addressed, and the government should "reach out widely" to other political and social forces and hold consultations on concerns about the Islamist-tinged constitution it pushed through in December. "While recognizing the need for the Egyptian...
( 02/13/13)
Egypt's main agricultural bank is launching Islamic retail services this month to meet increasing demand in rural areas, a bank official told Reuters. "We are launching sharia-compliant retail banking this month with a portfolio of 50 million pounds ($7.5 million) and can raise that to 100 million" next June based on demand, said Abdel Rahman Al Kafrawi, head of Islamic transactions at Principal Bank for Development and Agricultural Credit (PBDAC). Government-owned PBDAC will offer retail finance at 18 Islamic branches through murabaha and musharaka structures, he said. The bank has offered Islamic finance on a very small scale for several decades at 10 branches, and in 2012 won the central bank's approval to raise the number to 24 branches. Al...
( 02/13/13)
The United States has urged Egypt to move fast to agree a loan deal with the IMF, reform its energy sector and guarantee investors against "arbitrary acts" to avert a deeper slide in its economy . In unusually blunt comments, U.S. Ambassador Ann Patterson said Egypt's government and opposition must stop ignoring economic problems and work together to fix them. "The most catastrophic path is for the government and the political leadership of the country - whether in power or in opposition - to avoid decisions, to show no leadership, to ignore the economic situation of the country," she said in a speech delivered in Alexandria on Sunday, according to a text posted on the embassy's website. "The talks with...
( 02/13/13)
Egyptian forces have flooded smuggling tunnels under the border with the Palestinian-ruled Gaza Strip in a campaign to shut them down, Egyptian and Palestinian officials said. The network of tunnels is a vital lifeline for Gaza, bringing in an estimated 30 percent of all goods that reach the enclave and circumventing a blockade imposed by Israel for more than seven years. Reuters reporters saw one tunnel being used to bring in cement and gravel suddenly fill with water on Sunday, sending workers rushing for safety. Locals said two other tunnels were likewise flooded, with Egyptians deliberately pumping in water. "The Egyptians have opened the water to drown the tunnels," said Abu Ghassan, who supervises the work of 30 men at...

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