Egypt.com – Chief Executive Of UK’s BG Group Resigns With Immediate Effect – 28 April 2014

Egypt.com

The chief executive of UK oil and gas group BG Group, Chris Finlayson, has resigned with immediate effect for personal reasons, the company said on Monday.

Quote: BG also said its full-year production target was expected at the lower end of its guidance of 590-630 thousand barrels of oil equivalent per day due to ongoing output problems in Egypt.

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Egypt.com – Egypt’s Government Has Resigned – State Run Website – 25 February 2014

Egypt.com

Egypt’s military-backed government has quit, state-run Al Ahram said on Monday in a report confirmed by an Egyptian official, a step likely to pave the way for army chief Field Marshal Abdel Fattah al-Sisi to declare his candidacy for president.

The newspaper, citing an unnamed source in a report on its website, said the decision was made after a 15-minute cabinet meeting. For Sisi to run for president, he would first need to leave his post of defense minister.

Egypt.com – Egyptian Polls Close After Final Day Of Voting On Constitution – 16 January 2014

Wednesday 15 January 2014 : 11:20 PM

Polls across Egypt closed on Wednesday evening after a second and final day of voting on a draft constitution that could pave the way for a presidential bid by army chief General Abdel Fattah al-Sisi.

Voting passed off more peacefully than on Tuesday, when nine people were killed, but officials said police arrested at least 79 people on Wednesday during protests by supporters of deposed President Mohamed Mursi, removed from power by Sisi in July. The Interior Ministry said 444 people had been arrested for “obstructing the referendum process” over the two-day vote.

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Egypt.com – Court Acquits 16 Brotherhood Protesters – 2 December 2013

Egypt.com

Boulaq Aboel Ela Misdemeanor Court acquitted, Sunday, 16 defendants belonging to the Muslim Brotherhood from charges of assembling, thuggery, and disrupting public transport on the anniversary of the 6 October War victory.

The defense requested the acquittal of defendants due to the vagueness of the charges. The court of first instance had sentenced the defendants for 3 years in prison.

The security forces had arrested the defendants during clashes between pro-Muslim Brotherhood protesters and security forces on the anniversary of the 6 October War victory.

by Almasry Alyoum

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Egypt.com – Military Justice Legitimate And Not Exceptional: 50-Committee Spokesperson – 2 December 2013

Egypt.com

Mohamed Salmawy, spokesperson for the Committee of 50, said in a press conference on Sunday that exceptional courts are banned in the Constitution.

“But the military judiciary is legitimate and not exceptional,” he added. “It exists in countries all around the world.”Salmawy considered trial of civilians before military courts an exceptional case that the Constitution puts conditions for.

He also said that there is no ambiguity in the Constitution regarding the appointment or dismissal of the defense minister.“The draft constitution will be submitted to the interim president once the final vote on it is cast,” he said. “I do not know if he will endorse it or not.”

“This is the sixth draft that we have prepared,” he said, adding that the Constitution does not interpret its articles. “This is up to the legislators.”“Differences should not occur during the final vote,” he said. “Discussions have already ended.”

He also said the Constitution does not allocate quotas for specific groups´ representation in parliament.

By Almasry Alyoum

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Egypt.com – Egypt’s CIB Q3 Net Climbs 51 Pct To 920 Mln EGP – 13 November 2013

Egypt.com

Reuters – Egypts CIB, the countrys biggest listed bank, said on Tuesday its third-quarter net income climbed 51 percent to 920 million Egyptian pounds ($133.55 million) versus the same period a year ago.
CIB also said in a statement that its revenue for the quarter had climbed to 1.8 billion Egyptian pounds, a 24 percent year-on-year increase. ($1 = 6.8886 Egyptian pounds)

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Egypt.com – Moderates Fade From Political View In Polarized Egypt – 12 November 2013

Egypt.com

Moderate has become a dirty word in Egypt. Since the army ousted Islamist president Mohamed Mursi, anyone who refuses to support either side uncritically has become a traitor to both.

Polarized attitudes of “youre either with us or against us” have forced Egyptians in the middle ground to disappear largely from political view, making any reconciliation between Mursis Muslim Brotherhood and the army-backed government ever more remote.

This raises the danger of yet more of the bloodshed that followed the fall of Egypts first freely-elected president in July. Both sides are hardening their positions in what is already the most turbulent period in the internal history of modern Egypt, a U.S. ally that has a peace treaty with Israel.

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Egypt.com – Egypt Signs Five New Oil Excavation Deals – 9 November 2013

Egypt.com

Egypt’s Minister of Petroleum Sherif Ismail has signed five new deals for petroleum excavation in West Ghazalat in the Western Desert, as well as in South and West Ghareb in the Eastern Desert, and in Sinai. The agreement with the Egyptian General Petroleum Corporation includes Canadian TransGolbe Energy and Greek Vegas Oil & Gas. The deals involve investments worth at least US$115.5 million, as well as signature bonuses worth nearly US$41 million, all targeting 72 oil wells. In a press statement, Ismail said the new deals are part of 21 oil and gas excavation agreements previously approved by the government, which were initiated last week with the signature of nine agreements with international companies. Fourteen agreements have been signed, out of the total 21 approved, involving investments worth of US$585 million and signature bonuses of US$91 million, targeting a total of 87 wells. Ismail said he hopes the new deals would translate into an increased national oil and gas production. He stressed the importance of attracting more foreign excavators in order to secure Egypt’s future needs and reduce reliance on imports.

Almasry Alyoum

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Egypt.com – Troops In Egypt Sinai Arrest 11 Suspects, 15 African Immigrants – 7 November 2013

Egypt.com

A joint force of Second Field Army troops, police and Central Security Forces have raided over 50 suspected extremist hotbeds in North Sinai, according to state media.

Fifty-five areas were raided by joint forces in villages close to Rafah, Sheikh Zuwayed and Arish. Eleven suspects, including five Palestinians, were arrested during the raids. Ten vehicles and 15 unlicensed motobikes were also seized. Nine houses allegedly belonging to extremists’ were destroyed.

Fifteen Africans, reportedly found without identity cards hiding out at a house in Rafah, were also apprehended. Authorities believe they were due to attempt to cross the border into Israel with the help of smugglers.

Almasry Alyoum

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Egypt.com – Renaissance Dam Could Be Source Of Prosperity To Egypt, Nile Basin Countries, Says PM – 31 October 2013

Egypt.com

Prime Minister Hazem al-Beblawy has said that the Ethiopian Renaissance Dam could be a source of prosperity for both Egypt, Ethiopia and the Nile Basin countries. He emphasized that Ethiopia has no problem with water availability but only seeks to generate electricity through the dam. In a press conference following the supreme ministerial committee meeting on Wednesday, Beblawy added, “Our attention to the Nile is attention to Egypt’s soul and future. The Nile is the source of life for the basin countries. It defines the way we deal with our neighbors.” Irrigation Minister Mohamed abdel Motteleb said that there is complete coordination among all authorities in this regard. He added that Egypt consumes 80 million square meters, which necessitates the re-use of some water sources to meet water demands. The minister said that Egypt, Sudan and Ethiopia will all benefit from the dam. The supreme committee, headed by Beblawy, held on Wednesday its second meeting in October. It included ministers of electricity, transportation, water resources, irrigation, agriculture and land reclamation. It also included representatives from the foreign ministry and other government bodies. The committee mulled recent developments in issues concerning Nile water and relations with the basin countries, days ahead of a meeting with the water ministers of Egypt, Sudan and Ethiopia at Khartoum on Monday. The meeting will discuss recommendations by an international committee of experts tasked with asessing the dam’s impact The committee highlighted the importance of the water ministers meeting and considered it a step toward boosting cooperation among the three countries in a way that achieves mutual benefit. The committee also stressed that constructive dialogue is the best way to achieve joint interests and enhance development efforts. During the meeting, the committee added that success of cooperation between the three countries depends on the political will to achieve interests, which the committee emphasized Egypt was seeking through the Khartoum meeting.

Almasry Alyoum

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