Islamist governor promises safety for Luxor tourists
CAIRO (Reuters) – Sixteen years ago, Adel Mohamed al-Khayat was a member of the militant group blamed for slaughtering 58 tourists in Egypt’s Valley of the Queens; today he’s promising to keep visitors safe.
Khayat’s appointment by President Mohamed Mursi as governor of the city of Luxor has triggered howls of protest, with demonstrators protesting for a second day on Tuesday and one critic calling it ‘the last nail in the coffin of tourism’.
Poll finds Egyptians divided, many disappointed
CAIRO (Reuters) – Egyptians are deeply divided and many have no faith in any of the main political groups, creating a crisis for the state to build on the revolution of 2011, a new poll by Zogby Research Services found on Monday.
Only 28 percent saw the election of Islamist Mohamed Mursi as president in June 2012 as positive or at least the result of a democratic vote they respected – a figure down by half from a 57-percent majority who were positive or respectful a year ago.
Bible-burning Egyptian cleric jailed for 11 years
(An Egyptian Salafist holds an anti-Coptic Christian banner outside a courthouse in Cairo October 14, 2012 before the trial of Ahmed Mohamed Abdullah, known as Abu Islam. REUTERS Mohamed Abd El Ghany )
A Cairo court sentenced an Egyptian Muslim preacher to 11 years in jail for blasphemy on Sunday for burning a Bible during a protest last year outside the U.S. embassy.
Egyptian anger grows over Suez Canal development plan
CAIRO/LONDON, June 13 (Reuters) – A plan by Egypt’s
Islamist-led government to develop the land along the Suez Canal
faces fierce opposition in districts that have been flashpoints
for violence before, and may even threaten traffic on the
strategic waterway.
Officials say a draft law aims to raise $100 billion in
yearly revenues, bypass bureaucracy and create an industrial hub
for shipping along the 192 km (120-mile) strip.
Arab League condemns Hezbollah’s role in Syria
CAIRO (Reuters) – The Arab League on Wednesday condemned the military intervention in Syria by the Lebanese Shi’ite militant group Hezbollah, Arab League Secretary General Nabil Elaraby said.
A resolution issued after a meeting of Arab League foreign ministers in Cairo expressed “strong condemnation” of all forms of foreign intervention, especially that by Hezbollah, he said.
Orascom Telecom closer to delisting after stock tender-source
CAIRO/MOSCOW, May 24 (Reuters) – Egypt’s Orascom Telecom
(OTH) is closer to being delisted, sources said on
Friday, after holders of around 10 percent of its stock agreed
to be bought out.
Russia’s Altimo, the biggest owner of OTH’s parent Vimpelcom
, made a $1.8 billion offer in March to buy out OTH
minorities and sources said Vimpelcom wanted to delist OTH from
both the Cairo and London stock exchanges.
Orascom shareholders tender 10 percent in Altimo offer: source
CAIRO/MOSCOW (Reuters) – Egypt’s Orascom Telecom (OTH) (ORTE.CA: Quote, Profile, Research, Stock Buzz) is closer to being delisted, sources said on Friday, after holders of around 10 percent of its stock agreed to be bought out.
Russia’s Altimo, the biggest owner of OTH’s parent Vimpelcom (VIP.N: Quote, Profile, Research, Stock Buzz), made a $1.8 billion offer in March to buy out OTH minorities and sources said it wanted to delist OTH from both the Cairo and London stock exchanges.
Orascom shareholders tender 10 pct in Altimo offer-source
CAIRO/MOSCOW, May 24 (Reuters) – Egypt’s Orascom Telecom
(OTH) is closer to being delisted, sources said on
Friday, after holders of around 10 percent of its stock agreed
to be bought out.
Russia’s Altimo, the biggest owner of OTH’s parent Vimpelcom
, made a $1.8 billion offer in March to buy out OTH
minorities and sources said it wanted to delist OTH from both
the Cairo and London stock exchanges.
Egyptian factories, hit by subsidy cuts, highlight Cairo’s fiscal dilemma
AL-SAFF, Egypt (Reuters) – Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of al-Saff, south of Cairo, but only a few spew black smoke.
Two years after the revolution that overthrew president Hosni Mubarak, Egyptian industry is struggling as political instability has scared off foreign investors and hit domestic confidence and the government has started slashing energy subsidies that eat up a fifth of its annual budget.
Egypt’s Mursi in crisis talks with judges over reform
CAIRO (Reuters) – Egyptian President Mohamed Mursi held crisis talks with the country’s top judges on Monday after the justice minister resigned over demands by the ruling Muslim Brotherhood for a “purification” of the judiciary.
The secular, liberal and left-wing opposition denounced what it called a planned “Brotherhoodisation” of the judiciary and called for demonstrations outside parliament.

