Asma's Feed
Apr 23, 2014

New law to lure investors to Egypt could feed corruption, critics say

CAIRO (Reuters) – A new Egyptian law that prevents third parties from challenging contracts made with the government may encourage foreign investors but critics say it will increase scope for corruption.

President Adly Mansour on Tuesday approved the law that will restrict the right to challenge state business and real estate deals to only the government, the institutions involved and business partners.

Mar 25, 2014

Factory unrest threatens attempts to revive Egyptian economy

10TH OF RAMADAN CITY, Egypt (Reuters) – Egypt’s next president is likely to face a far more complex problem than cracking down on Islamists – meeting the demands of workers desperate for decent jobs and wages.

While the authorities have cowed the Muslim Brotherhood simply by throwing its members behind bars in their thousands, factory employees say they are ready for a fight.

Mar 24, 2014

Egypt sentences 529 Muslim Brotherhood members to death

CAIRO (Reuters) – An Egyptian court sentenced 529 members of the outlawed Muslim Brotherhood to death on charges including murder on Monday, a defence lawyer said, in a sharp escalation of a crackdown on the movement.

The ruling was the biggest mass death sentence handed out in Egypt’s modern history, lawyers said.

Mar 24, 2014

Egyptian court sentences 529 Muslim Brotherhood members to death: lawyer

CAIRO (Reuters) – An Egyptian court sentenced 529 members of the outlawed Muslim Brotherhood to death on charges including murder on Monday, a defence lawyer said, in a sharp escalation of a crackdown on the movement.

The ruling was the biggest mass death sentence handed out in Egypt’s modern history, lawyers said.

Feb 26, 2014

Egypt’s Sisi to stay on as defense minister: official

CAIRO (Reuters) – Egyptian army chief Field Marshal Abdel Fattah al-Sisi will keep his post as defense minister in a new government, an official source said on Wednesday, quashing speculation he was about to announce a widely expected bid for the presidency.

Sisi is tipped to win the upcoming presidential election but has yet to announce his candidacy. He must vacate the post of defense minister in order to run. The source said he would likely keep that job until an election law is finalized.

Feb 25, 2014

Egypt’s liberal party leader voices fears for democracy

CAIRO (Reuters) – The first woman to head a major Egyptian political party said on Tuesday she saw dangers for democracy if Egypt’s wildly popular army chief becomes president, without guarantees that he will not be above the law.

Field Marshal Abdel Fattah al-Sisi toppled Egypt’s first freely elected president, Mohamed Mursi, in July after mass protests against his rule, and the army-backed authorities have since suppressed the Islamist leader’s Muslim Brotherhood.

Feb 24, 2014

Egypt government resigns, paving way for Sisi to seek presidency

CAIRO (Reuters) – Egypt’s government has resigned, the prime minister said on Monday, paving the way for army chief Field Marshal Abdel Fattah al-Sisi to declare his candidacy for president of a strategic U.S. ally gripped by political strife.

“(The government) made every effort to get Egypt out of the narrow tunnel in terms of security, economic pressures and political confusion,” Prime Minister Hazem el-Beblawi said in a live nationwide speech.

Feb 3, 2014

Egypt’s quick-fix minimum wage hike fails to calm workers

AL-SAFF, Egypt (Reuters) – When Egypt announced plans for a minimum wage late last year, the government hoped to lift living standards and calm street turmoil that has helped topple two presidents in three years.

Although one in four Egyptians lives below a poverty line of $1.65 a day, many workers say the 1,200 Egyptian pound ($170) minimum wage introduced in January is too little too late in a nation whose rulers have long favored the elite over the poor.

Feb 3, 2014

Currency black market shows limits of Egypt’s recovery

CAIRO (Reuters) – Egypt’s central bank has taken extraordinary steps to prop up its currency and curb a black market in foreign exchange – but in back alleys and money changing shops around the country, illicit dealing continues to thrive.

This stubborn survival shows the limits of the economic recovery since Islamist President Mohamed Mursi was ousted last July, despite inflows of billions of dollars in aid from governments in the Gulf.

Jan 26, 2014

Egypt calls early presidential election as violence spreads

CAIRO (Reuters) – Egypt will hold a presidential vote before parliamentary polls, President Adly Mansour said on Sunday, in a change to a political roadmap which could pave the way for the swift election of army chief General Abdel Fattah al-Sisi.

Parliamentary elections were supposed to be held first under the timetable drawn up after the army overthrew President Mohamed Mursi of the Muslim Brotherhood in July following mass protests against his rule.