Saturday, March 2, 2013

Egypt considers leasing out its key historical monuments ( such as the pyramids in Giza , the Sphinx et al ) to international tourists firms or perhaps even Qatar - IMF deal has floundered and Egypt's international reserves are dwindling...... Secretary of State john Kerry visits Egypt on Saturday , won't be greeted with open arms by the Opposition to President Mursi

http://www.aljazeera.com/news/middleeast/2013/03/201333171326603943.html

Kerry pledges millions for Egyptian budget

US secretary of state, on first state visit to Arab world, releases $190m for Cairo and urges rival factions to unite.
Last Modified: 03 Mar 2013 18:01
Protesters at the foreign ministry held signs accusing John Kerry of supporting the Muslim Brotherhood [Reuters]
The United States will provide Egypt with the first $190m of a pledged $450m in budget support and an additional $60m to set up a joint enterprise fund, the US secretary of state has said.
John Kerry, on a regional tour that will take him to Saudi Arabia and Qatar, made the pledge on Sunday after meeting Mohamed Morsi, the Egyptian president.
"Today I advised him the United States will now provide the first $190m of our pledged $450m in budget support funds," Kerry said.

Before going into talks with Morsi, Kerry met Abdel Fatah al-Sisi, chief of Egypt's military.

Kerry, who flew into Cairo from Turkey on Saturday, urged a wide range of political and business leaders to reach a consensus, after months of political turmoil and unrest.
"There must be a willingness on all sides to make meaningful compromises on the issues that matter most to the Egyptian people," he told reporters after talks on Saturday with Mohammed Kamel Amr, the foreign minister.
"We do believe that in this moment of economic challenge that it is important for the Egyptian people to come together around the economic choices and to find some common ground in making those choices."
Kerry's visit, his first to the Arab world since being sworn in last month, comes with Egypt deeply divided between Morsi's mainly Islamist allies and a wide-ranging opposition that accuses Morsi of failing to address the country's economic needs and political concerns.
Plummeting reserves
During his trip, Kerry urged the Egyptian government to finalise a long-stalled loan agreement with the International Monetary Fund (IMF).
Also on Sunday, Egyptian Finance Minister al-Mursi al-Sayed Hegazy said he hopes a deal on a $4.8bn IMF loan can be agreed before parliamentary elections begin on April 22.

The deal was agreed in principle last November but put on hold at Cairo's request following unrest on Egyptian streets.
"We expect that an agreement will happen before the elections," Higazy told reporters. "I expect and am hopeful this deal can be made before the elections."
Egypt's foreign reserves have plummeted in the two years since the revolution that overthrew longtime president Hosni Mubarak: Egypt's central bank now has less than $13.6bn in its coffers, down from $36bn in January 2011.
Egyptian officials said on Thursday that they will soon invite an IMF team to reopen talks on the loan, which was agreed in November but suspended following weeks of violent protests.
But the deal has been controversial in Egypt, because the IMF wants the government to implement economic reforms as a prerequisite for the loan. Those reforms could include reductions to subsidies on food, fuel and other essentials, which would hurt millions of Egyptians living below the poverty line.
Opposition boycott
Violent protests broke out for the second day in a row in the Nile Delta city of Mansoura. One person was killed there on Saturday, crushed to death by a police vehicle, according to activists, and dozens more were wounded. Dozens of police officers were also hurt.
In the Suez Canal city of Port Said, meanwhile, protesters set fire to a police station.
The protests were not related to Kerry's visit, but they highlighted the deep political turmoil in Egypt just weeks ahead of April's parliamentary election.
The National Salvation Front (NSF), the main opposition bloc, announced last week that it would boycott the election, a decision the US has urged them to reconsider. That angered many members of the opposition, who see the US stance as legitimising what they call an unfair election.
Several leading political figures, including Mohamed ElBaradei, the former head of the UN's nuclear agency, and Hamdeen Sabbahi, the leftist who placed third in last year's presidential election, refused an invitation to meet with Kerry on Saturday.
The US State Department said he did speak by telephone with ElBaradei, who heads the NSF. Kerry also met with Amr Moussa, a longtime diplomat and prominent member of the group.


And was this  the restrained response of the Moslem Brotherhood after getting the cash ? I'm sure the cash and the video are completely unrelated - but still........... Lol



In the video al-Mogheer and others wear "masks" with the faces of opposition group National Salvation Front, apparently mocking what the video calls “Salvation’s Last Dance.”
Al-Mogheer has also confirmed on his Twitter account that he has asked for the video to be removed from YouTubereportedly adding that the video had "achieved its goa.l.
Unfortunately for Mogheer, while the video appears to have been removed from the account it was originally uploaded to, copies of the video are still circulating widely online.
The Harlem Shake appears to be unusually popular in Egypt, as evidenced by a large number of YouTube videos.

and......




http://beforeitsnews.com/middle-east/2013/03/egyptian-army-fires-on-police-in-port-said-2449882.html


Egyptian Army Fires On Police In Port Said

Sunday, March 3, 2013 13:57
0

Sound of gunfire continued to ring around the security directorate area in central Port Said into the early hours of Sunday night as several media outlets reported that police and army soldiers have been exchanging fire at the end of a tense day in the Suez Canal city.
During the day, some 360 people were injured in clashes between police and protesters near the security directorate on Sunday, according to Egypt's health ministry.
Military fires toward police in Egypt's Port Said after Armed Forces solider was hit by a police truck - @EgyIndependent

Report: Policeman killed, army officer wounded in Egypt's Port Said -@AlArabiya_Eng
Maybe this is too early to say but do you know what this reminds me of..  Syria.  Egypt is degenrating into Syria.  This is how Syria started.  Beware.  -Mort




and.....



http://english.alarabiya.net/articles/2013/03/01/268970.html


Cash-strapped Egypt considers offering pyramids, other monuments for rent

An Egyptian man waits for tourists to take them on camel rides at the Giza pyramids on the outskirts of Cairo. The country’s economy has taken a huge dip after foreign tourists fled during Egypt’s uprising. (AFP)
An Egyptian man waits for tourists to take them on camel rides at the Giza pyramids on the outskirts of Cairo. The country’s economy has taken a huge dip after foreign tourists fled during Egypt’s uprising. (AFP)
Egypt’s finance ministry sent a proposal to the country’s antiquities ministry to consider offering key monuments, including the pyramids, to international tourism firm as a quick solution to generate funds needed to overcome the financial crisis, an official has said.Rumors about the proposal, which some described as preposterous, have circulated online for weeks. 

But on Wednesday, Adel Abdel Sattar, the secretary general of the Supreme Council of Antiquities, in an interview with Egypt’s ONTV channel confirmed the existence of a proposal to offer Egypt’s monuments, including the pyramids in Giza, the Sphinx, the Abu Simbel Temple and the temples of Luxor, to international tourism firm.

There have been reports that the rich Gulf state of Qatar, which strongly supported efforts to oust former president Hosni Mubarak from power, is interested in a deal to exploit Egypt’s most precious historical assets for a period of five years. The return for Egypt would be a substantial amount of money, estimated at $200 billion, enough to pay the country’s national debt and heal its economic woes for years if not decades to come.

Abdel Sattar confirmed the proposal to rent out Egypt’s monuments but denied that Qatar or any Gulf state was involved.

Abdel Sattar said he was “surprised” at the end of January when the finance ministry forwarded him a proposal by Abdallah Mahfouz, identified as an Egyptian intellectual, to offer in a public auction the rights to exploit Egypt’s most famous sites to international tourism firms.

Sattar said the proposal indicated that such a move would provide a quick solution to the country’s financial deficit as it will generate about $200 billion over five years.

Despite his objection to the proposal, Sattar said he sought legal advice from the Ministry of State of Antiquities and following a meeting with the Supreme Council of Antiquities the ministry decided to send rejection letter to the finance ministry.

Monica Hanna, Egyptian archaeologist and researcher, was quoted by the [Egypt Independent][ http://www.egyptindependent.com/news/proposal-rent-egypt-monuments-refused] was a “a litmus test” to test how far can Egypt go in its struggle to overcome the economic crisis.

and......

http://allafrica.com/stories/201303011380.html

Egypt: Protesters Demand Armed Forces Intervention in Cairo


Protesters in Cairo's Nasr City demanded on Friday the Armed Forces intervention against the rule of President Mohamed Mursi under the slogan "No to the brotherhoodization of the army."
Hundreds gathered around the Unknown Soldier Memorial and set up a number of camps after Friday prayers, reported a local newspaper.
The protesters announced their rejection of the constitution and the rule of the Muslim Brotherhood and their monopoly of the state institutions.
A number of retired military personnel participated in the protests



and......


http://en.aswatmasriya.com/news/view.aspx?id=c6d600c5-8f26-4a0e-8b8c-dab5a032c676



Kerry to stress need for Egypt to reach IMF deal - U.S. Official

Saturday, March 02, 2013 1:55 PM 
U.S. Secretary of State John Kerry waves as he leaves Ankara, for Cairo March 2, 2013. REUTERS/Jacquelyn Martin/Pool
CAIRO, March 2 (Reuters) - U.S. Secretary of State John Kerry will stress the importance of Egypt reaching an agreement with the IMF supported across the country's political spectrum when he visits Cairo, a senior U.S. official said on Saturday.

The official said if Cairo could agree on a $4.8 billion loan from the IMF, this would bring in other funds from the United States, European Union and Arab countries.

"His basic message is it's very important to the new Egypt for there to be a firm economic foundation," the official told reporters as Kerry flew to Cairo for a two-day visit."In order for there to be agreement on doing the kinds of economic reforms that would be required under an IMF deal there has to be a basic political ... agreement among all of the various players in Egypt," the official said on condition of anonymity. (Reporting by Arshad Mohammed, editing by Marwa Awad and David Stamp)

and.......

http://en.aswatmasriya.com/news/view.aspx?id=e87d6f87-e8a0-4ab0-95bd-9e49a3281a66

Opposition figures refuse to meet with U.S. Secretary of State

Friday, March 01, 2013 6:58 PM 
Head of Wafd Party Sayed Badawi
Head of Wafd Party, Sayed Badawi, refused on Friday the invitation of the U.S. Secretary of State John Kerry for a meeting on Saturday, reported the Party's news portal.
The spokesperson of the Party, Abdallah Moghazi, said that Badawi's decision came after what was raised about the purpose of this meeting to pressure the leaders of the National Salvation Front to contest in the upcoming parliamentary elections.
Most of the Opposition Parties have announced earlier their intention to boycott the elections saying there are not any guarantees for the integrity of the electoral process and in protest to the policies of President Mohamed Mursi.
Founder of the Egyptian Popular Current, Hamdeen Sabahi, and Head of the Dostour Party and Coordinator of the Salvation Front, Mohamed ElBaradei, have both announced that they turned down an invitation to meet with Kerry.
This step came following the calls of the U.S. State Department to Egypt's opposition to participate in the parliamentary elections which was deemed as an "outright intervention" of the U.S. in the internal affairs of Egypt.




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