Asma's Feed
Aug 21, 2014

Djezzy stake valuation could signal end to ownership tussle

CAIRO, Aug 21 (Reuters) – Algeria’s proposed bid for a
majority stake in telecoms group Djezzy is pitched at 4 percent
more than its “fair value”, the company’s parent said on
Thursday, adding impetus towards the completion of the deal
after a lengthy ownership tussle.

Citing a study it commissioned from financial advisers HC,
Djezzy’s parent Global Telecom Holding’s (GTH) said
the stake was worth $2.539 billion, compared with the $2.6
billion price which the Algerian government has agreed to pay.

Aug 16, 2014

Hamas says Israel must accept Palestinian demands or face long war

CAIRO/JERUSALEM (Reuters) – Hamas rejected on Saturday as insufficient offers made in Cairo to Palestinian negotiators seeking to end Israel’s offensive in the Gaza Strip, and raised the possibility of renewed fighting when the current truce expires.

Israel said it had also not yet accepted any proposals made in the Egyptian-mediated talks but, like the Palestinians, its envoys would continue attending them on Sunday.

Jun 30, 2014

Egypt curbs energy subsidies spending in tighter new budget

CAIRO, June 30 (Reuters) – Egypt announced deep cuts in
energy subsidies in its budget for the 2014/15 fiscal year on
Monday, a first step toward reducing the deficit after three
years of political turmoil that have battered the economy.

Some 40 billion pounds ($5.59 billion) worth of savings were
made by curbing planned spending on energy subsidies to 100.3
billion pounds in the next fiscal year, Finance Minister Hany
Kadry Dimian told a news conference.

Jun 8, 2014

The poor long for help as Egypt’s new president is sworn in

CAIRO (Reuters) – A few hundred meters from the fluttering flags, patriotic songs and dancing crowds outside the constitutional court where Abdel Fattah al-Sisi was sworn in as Egypt’s president on Sunday, the mood was decidedly downbeat.

In the Dar el-Salam slum, frowning, pensive men sat on stools on a cracked sidewalk surrounded by crumbling bare brick buildings, hoping to be picked up by contractors, their hammers and picks beside them.

May 28, 2014

Low Egypt vote turnout galvanizes Islamists in oasis town

CAIRO Egypt (Reuters) – Egyptians cast their votes in a presidential election on Wednesday that is certain to install former army chief Abdel Fattah al-Sisi as president, but his call for an overwhelming mandate did not appear to have been heeded by voters.

Tareq al-Shibl, a member of the election committee, was quoted by al Ahram, a state-run newspaper, as saying that more than 21 million people voted, or nearly 39 percent of an electorate of 54 million.

May 28, 2014

Egyptians slow to vote on extra day aimed at boosting turnout

CAIRO (Reuters) – Egyptians were initially slow to vote on a hastily added third day of a presidential election on Wednesday after lower-than-expected turnout threatened to damage the credibility of the man widely forecast to win, former army chief Abdel Fattah al-Sisi.

An early tour of Cairo polling stations suggested authorities would again struggle to get more people to cast their ballots. The same pattern emerged in Egypt’s second city, Alexandria, Reuters reporters said.

May 28, 2014

Egyptians slow to vote on extra day to shore up Sisi

CAIRO (Reuters) – Egyptians were initially slow to vote on a hastily added third day of a presidential election on Wednesday after lower-than-expected turnout threatened to damage the credibility of the man widely forecast to win, former army chief Abdel Fattah al-Sisi.

An early tour of Cairo polling stations suggested authorities would again struggle to get people to cast their ballots.

May 27, 2014

Vote or else, Egyptian media warns public

CAIRO, May 27 (Reuters) – Egyptian media castigated the
public for a low turnout in a presidential election which
former army chief Abdel Fattah al-Sisi is expected to win, with
one commentator saying those who failed to vote should be shot.

Many journalists support Sisi, the man who toppled Egypt’s
first freely-elected president last July. And with Sisi
seemingly assured of victory, he needs a good turnout to shore
up his legitimacy.

May 25, 2014

Journalists take care of the censorship as Sisi poised to rule

CAIRO, May 25 (Reuters) – During Egyptian president Hosni
Mubarak’s autocratic rule, the state often shaped media coverage
to make him appear flawless, hauling in editors who did not fall
into line.

After next week’s presidential election, which former army
chief Abdel Fattah al-Sisi is expected to win, authorities may
not have to impose glowing reviews of his performance.

Apr 28, 2014

Illegal housing boom is big challenge for Egypt’s leader

CAIRO, April 28 (Reuters) – When an explosion in one of
Cairo’s calmer residential areas reduced a five-story building
to rubble, residents feared it was the work of suicide bombers.

Actually, authorities were dynamiting unlicensed buildings,
even though millions of Egyptians are desperate for housing – a
sensitive issue that the country’s new president will face.