CAIRO (Reuters) – Egypt should refuse a $4.8 billion (3 billion pounds) loan from the International Monetary Fund rather than submit to terms that would further impoverish the poor and could spark a revolution of the hungry, leftist leader Hamdeen Sabahi said on Monday.
Sabahi, 58, who came third in a presidential election last year after the 2011 uprising that toppled autocratic President Hosni Mubarak, told Reuters that neither the global lender nor Egypt’s Islamist-led government had told the public the truth about austerity conditions attached to the proposed loan.
CAIRO (Reuters) – Egypt’s ruling Muslim Brotherhood is trying to exact revenge on the judiciary for years of imprisonment and political exclusion, but is attacking the wrong target, opposition leader Amr Moussa said on Monday.
The elder statesman told Reuters that Egypt faced an exceptional “to-be-or-not-to-be crisis” worse than after its 1967 defeat by Israel, and Islamist President Mohamed Mursi would do better to pursue national unity rather than division.
Egypt’s Christians feel sidelined, ignored and neglected by Muslim Brotherhood-led authorities, who proffer assurances but have taken little or no action to protect them from violence, Coptic Pope Tawadros II said.
CAIRO (Reuters) – Egypt’s Christians feel sidelined, ignored and neglected by Muslim Brotherhood-led authorities, who proffer assurances but have taken little or no action to protect them from violence, Coptic Pope Tawadros II said.
In his first interview since emerging from seclusion after eight people were killed in sectarian violence between Muslims and Christians this month, the pope called official accounts of clashes at Cairo’s Coptic cathedral on April 7 “a pack of lies”.
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.
MINYA, Egypt, April 15 (Reuters) – Egypt’s Islamist-led
government must be dreaming if it expects a bumper wheat
harvest over the next six weeks that will save the country
billions of dollars in imports, says farmer Farid Boshra Abdel
“How can they expect any increase in wheat production when
they are not providing us with water, fuel for our machines or
much-needed enrichment seeds?” said the wheat grower in Matay
village, near the city of Minya in the lush but slender Nile
valley that is this desert nation’s granary.
CAIRO, March 27 (Reuters) – Egyptian President Mohamed Mursi
said on Wednesday parliamentary elections could be delayed until
October, a postponement which could give his cash-strapped
administration breathing space to negotiate an IMF deal.
Mursi’s original plan was for a four-stage election that
would start in late April and put a parliament in place by July.
CAIRO (Reuters) – Egyptian President Mohamed Mursi said on Wednesday parliamentary elections could be delayed until October, a postponement that would give his cash-strapped government breathing room to negotiate an IMF deal.
Mursi’s original plan was for a four-stage election that would start in late April and put a parliament in place by July.
CAIRO, March 13 (Reuters) – Egypt’s strategic stocks of
wheat have fallen to 2.207 million tonnes, enough to last 89
days, a cabinet report said on Wednesday, as the top global
importer struggles to ensure supply through an economic and
Economic turmoil in the North African country has made it
harder it to arrange payments for wheat imports, with the pace
of purchases having tumbled since the start of the year.
CAIRO, March 11 (Reuters) – Egypt is studying an IMF offer
of a bridging loan, a finance ministry source said on Monday, as
Cairo tries to weather a currency and budget crisis deepened by
political uncertainty and violence on the streets of its cities.
In Washington, the International Monetary Fund said Egypt
needed bold and ambitious action to tackle its economic problems
urgently and it could get temporary IMF funding while it
negotiated a long-delayed full loan programme.