Senior Correspondent, Sudan and South Sudan
Ulf's Feed
Apr 8, 2013

One dead, many wounded in Cairo cathedral clashes

CAIRO (Reuters) – One person was killed and more than 80 wounded in clashes at the Coptic Orthodox Cathedral in central Cairo on Sunday after a funeral service for four Egyptian Christians killed in sectarian violence with Muslims, state media said.

Christian-Muslim confrontations have increased in Muslim-majority Egypt since the overthrow of president Hosni Mubarak in 2011 gave freer rein to hard line Islamists repressed under his autocratic rule.

Apr 7, 2013

Egyptian Copts and Muslims clash again, in central Cairo

CAIRO (Reuters) – One person was killed and more than 80 were wounded in clashes at the Coptic Orthodox Cathedral in central Cairo on Sunday after a funeral service for four Egyptian Christians killed in sectarian violence with Muslims, state media said.

Christian-Muslim confrontations have increased in Muslim-majority Egypt since the overthrow of president Hosni Mubarak in 2011 gave freer rein to hardline Islamists repressed under his autocratic rule.

Apr 3, 2013

Egyptians buy into real estate to escape currency dive

CAIRO, April 3 (Reuters) – After buying gold plates for
100,000 Egyptian pounds ($14,700), Naer Wahid is considering
whether to use the rest of his savings to acquire, with his
sisters, an apartment or plot of land outside Cairo.

Like many Egyptians, the tour guide is tired of seeing his
savings shrinking along with the value of the local currency,
which has been in decline since president Hosni Mubarak was
ousted in early 2011.

Apr 3, 2013

IMF team discusses $4.8 bln rescue loan for Egypt

CAIRO, April 3 (Reuters) – An International Monetary Fund
(IMF) team resumed long delayed negotiations with Egypt on
Wednesday on a $4.8 billion loan to ease an economic crisis in
the most populous Arab country, a government official said.

After two years of political upheaval, foreign currency
reserves have fallen to critically low levels, limiting Egypt’s
ability to buy wheat, of which it is the world’s biggest
importer, and fuel.

Apr 3, 2013

IMF team arrive in Cairo for talks on $4.8 bln loan

CAIRO, April 3 (Reuters) – A delegation from the
International Monetary Fund (IMF) has arrived in Egypt for talks
on a $4.8 billion loan to ease an economic crisis in the most
populous Arab country, state news agency MENA said on Wednesday.

After two years of political upheaval, foreign currency
reserves have fallen to critically low levels, threatening
Egypt’s ability to buy wheat, of which it is the world’s biggest
importer, and fuel.

Apr 1, 2013

Egypt lifts cooking gas price before IMF visit

CAIRO (Reuters) – Egypt raised the price of state-subsidised cooking gas for the first time in two decades on Monday, a government official said, trimming an unaffordable subsidy bill but increasing the risk of unrest.

The price rise comes two days before an IMF mission arrives in Cairo to continue talks on a $4.8 billion (3.15 billion pounds) loan needed to stave off a budget crisis and support a fast-weakening currency.

Mar 31, 2013

IMF team to arrive in Egypt on Wednesday for loan talks

CAIRO (Reuters) – An IMF delegation will arrive in Egypt on Wednesday for talks with the government on a $4.8 billion loan, a government spokesman said on Sunday, as Cairo seeks to conclude a deal vital to easing a deep economic crisis.

Spokesman Alaa El Hadidi added that Egypt would not seek any emergency loan from the International Monetary Fund and faced no “crisis” in funding the import of essential commodities.

Mar 26, 2013

Egypt unnerves investors by unexpectedly imposing new tax on bank takeover

CAIRO (Reuters) – Egypt rattled investors on the Cairo stock market on Tuesday by unexpectedly announcing that a takeover of its second biggest private bank would be subject to a new capital markets tax.

Shares in the bank, National Societe Generale Bank (NSGB.CA: Quote, Profile, Research, Stock Buzz), which is being taken over by Qatar National Bank QNBK.QA, tumbled by their legal limit of 10 percent and helped pushed Cairo’s benchmark index down to its lowest level since December.

Mar 24, 2013

Syrian opposition Alawites call for rebellion in army

CAIRO (Reuters) – Opposition activists from Syrian’s President Bashar al-Assad’s Alawite sect called for his overthrow on Sunday and urged their co-religionists in the army to rebel.

In the first meeting of its kind by Alawites who support the revolt, delegates distanced themselves from Assad’s crackdown against an uprising in which 70,000 people have been killed.

Mar 3, 2013

Rebels and army clash in central Sudan

KHARTOUM/JUBA (Reuters) – Fighting has broken out between government forces and rebels in central Sudan, both sides said on Sunday, in an escalation of violence so far concentrated closer to the country’s borders.

Justice and Equality Movement (JEM) rebels from the western Darfur region said they attacked troops in North Kordofan state.

    • About Ulf

      "I am Senior Correspondent, Saudi Arabia, covering from the Saudi capital Riyadh political, economic and social news and in-depth analyses from the world's top oil exporter and biggest Arab economy. I have also reported for Reuters from Kuwait, Yemen and Iraq."
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