Feeds:
Posts
Comments

Archive for the ‘Mubarak’ Category



Mubarak Faces Corruption Probe Of Years Of Selling Gas To Israel At Sub-Market Rates

Business Insider- Gus Lubin

March 4, 2011 – 9:19 AM

Hosni Mubarak and his former oil minister are being investigated for exporting artificially cheap gas to Israel and six European countries, according to Al Masr Al Youm.

Egypt’s new authorities say these deals cost the country $170 million over the past five years. Chief prosecutor Magid Mahmud claims deals with Israel cost as much as $500 million, according to DEBKA.

Israel signed a 15-year contract worth 1 trillion cubic feet of natural gas in 2005, following up the big contract signed in 1979 after the Camp David Accords.

Gas exports from Egypt to Israel were supposed to resume this weekend, after being shut down since the pipeline was sabotaged in early February. That probably won’t happen now. This represents a big worry for Israel, which relies on Egypt for nearly all of its gas supply.

SOURCE

Read Full Post »

Mubarak To Resign? Egypt’s President Will Reportedly Hand Over Power

AP via HuffPost

First Posted: 02/10/11 10:40 AM Updated: 02/10/11 11:31 AM

CAIRO (AP) – Egypt’s military announced on national television that it has stepped in to “safeguard the country” on Thursday and assured protesters that President Hosni Mubarak will meet their demands in the strongest indication yet that Egypt’s longtime leader has lost power. In Washington, the CIA chief said there was a “strong likelihood” Mubarak will step down Thursday.

The dramatic announcement showed that the military was taking control after 17 days of protests demanding Mubarak’s immediate ouster spiraled out of control.

Gen. Hassan al-Roueini, military commander for the Cairo area, told thousands of protesters in central Tahrir Square, “All your demands will be met today.” Some in the crowd held up their hands in V-for-victory signs, shouting “the people want the end of the regime” and “Allahu akbar,” or “God is great,” a victory cry used by secular and religious people alike.

The military’s supreme council was meeting Thursday, without the commander in chief Mubarak, and announced on state TV its “support of the legitimate demands of the people.” A spokesman read a statement that the council was in permanent session to explore “what measures and arrangements could be made to safeguard the nation, its achievements and the ambitions of its great people.”
The statement was labeled “communique number 1,” a phrasing that suggests a military coup.

MORE HERE

Read Full Post »

Egypt Ruling Party Leadership Resigns; Obama Backs Gradual Transition

AP/The Huffington Post Posted: 02/ 5/11 11:39 AM

CAIRO – State TV says the top leadership body of Egypt’s ruling party, including the president’s son Gamal Mubarak and the party secretary-general Safwat el-Sharif, resigned Saturday in a new gesture apparently aimed at convincing anti-government protesters that the regime is serious about reform.

Protesters have shrugged off other concessions by the regime in the past 12 days of unprecedented street demonstrations, saying they will settle for nothing less than the immediate ouster of President Hosni Mubarak, Egypt’s ruler for nearly 30 years.

State TV said the ruling party’s six-member Steering Committee of the General Secretariat stepped down and was replaced. The council was the party’s highest decision-making body, and el-Sharif and other outgoing members were some of the most powerful — and to many Egyptians, unpopular — political figures in the regime.

El-Sharif was replaced by Hossam Badrawi, a party figure who had been sidelined within its ranks in recent years because of his sharp criticisms of some policies.

MORE HERE

Read Full Post »

Egypt Protests: LIVE Updates As Opposition Fills The Streets

AP/The Huffington Post First Posted: 01/28/11 08:13 AM Updated: 01/28/11 04:50 PM

CAIRO (AP) – The Egyptian capital Cairo was the scene of violent chaos Friday, when tens of thousands of anti-government protesters stoned and confronted police, who fired back with rubber bullets, tear gas and water cannons. It was a major escalation in what was already the biggest challenge to authoritarian President Hosni Mubarak’s 30 year-rule.

Internet and cell-phone services were disrupted across Egypt starting overnight and throughout the day as authorities used extreme measures to hamper protesters from organizing the mass rallies called after Friday prayers.

Police also fired water cannons at one of the country’s leading pro-democracy advocates, Mohamed ElBaradei, and his supporters as they joined the latest wave of protests after noon prayers. Police used batons to beat some of ElBaradei’s supporters, who surrounded him to protect him.

A soaking wet ElBaradei was trapped inside a mosque while hundreds of riot police laid siege to it, firing tear gas in the streets around so no one could leave. The tear gas canisters set several cars ablaze outside the mosque and several people fainted and suffered burns.

Large groups of protesters, in the thousands, were gathered at at least six venues in Cairo, a city of about 18 million people, and many of them were on the move marching toward major squares and across Nile bridges.

They are demanding Mubarak’s ouster and venting their rage at years of government neglect of rampant poverty, unemployment and rising food prices.

More details here.

You can follow the latest updates here

Read Full Post »

%d bloggers like this: