CAIRO, Feb 20 (Reuters) – One of the most powerful figures
on the global wheat market, Nomani Nomani, said on Wednesday he
has left his job as vice chairman of Egypt’s state grains buyer
GASC, at a time when the country is struggling with falling
foreign currency reserves.
For more than three years he has overseen strategic buying
for the world’s biggest importer of wheat, encompassing Egypt’s
2011 revolution and the periods of political and economic
uncertainty since the fall of president Hosni Mubarak.
CAIRO (Reuters) – Egypt will not tolerate a two-way flow of smuggled arms with the Gaza Strip that is destabilizing its Sinai peninsula, a senior aide to its Islamist president said, explaining why Egyptian forces flooded sub-border tunnels last week.
The network of tunnels has been a lifeline for some 1.7 million Palestinians in Gaza, bringing in an estimated 30 percent of all goods that reach the enclave and circumventing a blockade imposed by Israel for more than seven years.
CAIRO, Feb 13 (Reuters) – Fathy Ali is beyond anger as he
queues for hours in a line of 64 trucks and buses to fill his
tank with scarce subsidised diesel fuel, known in Egypt as
“This has become part of my life. I come and wait for hours
or days, depending on my luck,” the chain-smoking bus driver
said at a besieged gas station on Cairo’s Suez High Road,
wrapped in a scarf and thick coat for the long ordeal. “At the
start it used to upset me a lot but now I’ve kind of given up.”
CAIRO (Reuters) – Egyptian opposition leader Mohamed ElBaradei called on Tuesday for a national consensus to secure an urgently-needed IMF loan and save the country from economic collapse within months.
Ratings agency Moody’s cut Egypt’s credit rating on Tuesday, citing doubts about its ability to secure a requested $4.8 billion International Monetary Fund loan and the economic impact of a new round of political unrest.
CAIRO (Reuters) – Egypt’s leading religious scholars spurned the ruling Muslim Brotherhood’s choice and picked an apolitical Islamic law professor on Monday to be the country’s top cleric.
The post of grand mufti of Egypt carries wide influence over legislation and social affairs.
CAIRO (Reuters) – Syria’s main opposition leader signaled on Monday that his offer of talks with the government to end the country’s 22-month-old civil war was still open, a day after a deadline he had set passed without a response.
Syrian National Coalition leader Moaz Alkhatib, speaking after talks with the head of the Arab League in Cairo, said President Bashar al-Assad’s government had not responded by Sunday to his initiative to discuss a transition of power.
CAIRO (Reuters) – Egypt’s ruling Muslim Brotherhood has nominated one of its senior leaders for the influential position of grand mufti, the nation’s top cleric, defying critics who accuse the Islamist group of seeking to dominate all institutions.
Islamic scholars chaired by the head of the ancient seat of learning, Al-Azhar, are due to pick a new mufti on Monday from a shortlist of three candidates and send their choice to President Mohamed Mursi to approve.
CAIRO (Reuters) – Leaders of Muslim nations called on Thursday for a “serious dialogue” between Syria’s government and an opposition coalition on a political transition to put an end to nearly two years of devastating civil war.
A two-day summit of the 57-member Organisation of Islamic Cooperation backed an initiative by Egypt, Turkey, Iran and Saudi Arabia to broker negotiations to stop the bloodshed in which at least 60,000 people have died.
CAIRO (Reuters) – Mahmoud Ahmadinejad was both kissed and scolded on Tuesday when he began the first visit to Egypt by an Iranian president since Tehran’s 1979 Islamic revolution.
The trip was meant to underline a thaw in relations since Egyptians elected an Islamist head of state, President Mohamed Mursi, last June. But it also highlighted deep theological and geopolitical differences.
CAIRO/PORT SAID, Egypt (Reuters) – At least one protester was shot dead and dozens wounded on Friday when riot police clashed with demonstrators demanding the overthrow of Egyptian President Mohamed Mursi.
Youths threw petrol bombs and shot fireworks at the outer wall of Mursi’s Cairo presidential compound as night fell. Police responded by firing water cannon and teargas leading to skirmishes in the surrounding streets.