Connect to share and comment

IMF says Egypt economy deteriorating, needs reform plan to move ahead with $4.8 billion loan

WASHINGTON - The IMF says Egypt's financial situation is deteriorating and the organization is awaiting updated economic information and reform plans from the government in Cairo before it can move ahead with a deal on a $4.8 billion loan. Egypt's negotiations with the IMF for the loan have dragged on for more than a year. The deal for the loan is expected to usher in widely unpopular austerity measures.

Egyptian court upholds acquittal of Mubarak allies

Cairo, May 8 (EFE).- An Egyptian appeals court upheld on Wednesday the acquittals of 24 allies of ousted President Hosni Mubarak who were accused of instigating an attack by government supporters on protesters in February 2011. The defendants, including two former leaders of parliament, were charged with having orchestrated what became known as the "Battle of the Camel." The Cairo criminal court found all 24 of the accused not guilty after a trial that ended last October, but government prosecutors appealed.

Egypt court keeps activist in jail as trial starts

CAIRO (Reuters) - A prominent Egyptian blogger and political activist went on trial on Sunday charged with insulting President Mohamed Mursi, in a case his supporters see as evidence of an escalating crackdown on dissent. Ahmed Douma is on trial for calling Mursi a criminal and a murderer during recent media interviews. His arrest on April 30 is the latest in several moves against dissidents accused of insulting the president elected last June.

Tear gas fired as Egyptian Islamists target security HQ

CAIRO (Reuters) - Egyptian security forces fired tear gas to disperse a small group of hardline Islamist protesters who were attempting to scale the walls of the state security headquarters in a Cairo suburb late Thursday night. Around 2,000 protesters from several Salafi Islamist groups had staged a protest earlier on Thursday night outside the security headquarters against what they said was a return to the force's pre-revolution methods.

Court jails supporters of black-clad Egypt protest group

CAIRO (Reuters) - Six men were jailed by a Cairo court on Thursday in the first ruling against a little-known group opposed to Islamist President Mohamed Mursi that the government has accused of participating in "terrorist acts". State security prosecution last month ordered the detention of the men it said were Black Bloc members on accusations that the group seeks the destruction of the country, Egyptian state news agency MENA reported at the time.

Egypt's Mursi brings more Islamists into cabinet

By Tom Perry and Yasmine Saleh CAIRO (Reuters) - Egyptian President Mohamed Mursi increased the influence of his Muslim Brotherhood over government in a reshuffle that replaced two ministers involved in crucial talks with the International Monetary Fund over a $4.8 billion loan. The changes fell well short of the opposition's demand for a complete overhaul of Prime Minister Hisham Kandil's administration and the installation of a neutral cabinet to oversee parliamentary elections later this year.

Egypt Salafists protest outside security headquarters

Hundreds of Salafist Islamists protested outside the Egyptian National Security Agency's headquarters in Cairo on Thursday, accusing the powerful security service of harassing them. Some of the Islamists briefly tried to break past the gates of the headquarters, an AFP correspondent said, while others harassed journalists and tried to break an AFP cameraman's equipment. The Islamists say they decided to protest after a leader was summoned by the National Security Agency, which the interior ministry has denied.

Egypt to halt privatisation of state firms

Egypt's President Mohamed Morsi said Tuesday his government will no longer privatise state firms, in a break with a policy launched in the 1990s by his ousted predecessor Hosni Mubarak's regime. There will be "no more sale of the public sector, that is finished... and we will no longer do away with workers," he said in a televised May Day speech before workers in Helwan, south of Cairo. "Encouraging the private sector and private investments does not mean an alternative to the public sector, which must be developed," said the Islamist president who was elected last June.

Iraq media suspensions draw international criticism

The United Nations and Human Rights Watch called on Iraq on Tuesday to rescind its suspension of the licences of 10 satellite TV channels, a move that bars them from working in the country. Media rights watchdog Reporters Without Borders (RSF) has also criticised the decision by the Communications and Media Commission, Iraq's media regulator, to suspended the channels for allegedly "encouraging violence and sectarianism."

Egypt's president: No further selling of state-owned companies

CAIRO - Egyptian President Mohammed Morsi says that there will be no further privatization of state-owned companies. Egypt's economy is hard hit by the more than two years of turmoil since the ouster of longtime president Hosni Mubarak in a mass uprising in 2011. Losses to the vital tourism sector have depleted government revenues and public sector companies are an additional burden on the budget.
Syndicate content