El-Sissi Gives Sign of Presidential Run

Egypt's military chief, Field Marshal Abdel-Fattah el-Sissi, gave his strongest indication yet that he intends to run for president, saying Tuesday that he "can't turn his back" to public demands. In a campaign-style speech, he said Egyptians must unite and end street turmoil to tackle the country's mounting economic and security woes.

Read more: El-Sissi Gives Sign of Presidential Run

Egypt Gets Demoted from 'Emerging' to 'Frontier' Market Status

Russell Investments demoted Egypt from its emerging markets index on Tuesday and put it with a host of other African nations in the frontier camp.

“Egypt’s reclassification is guided by the rules-based, objective and transparent methodology of the Russell Global Indexes,” said Russell senior index research analyst Mat Lystra in a press release today. “Having a clear road map to follow and the global resources to carry out extensive, objective evaluation gives us confidence that Egypt has been accurately evaluated against the same risk and efficiency criteria among all countries in our family of global indexes,” he said.

Read more: Egypt Gets Demoted from 'Emerging' to 'Frontier' Market Status

Egypt 'Deeply Concerned' as Another Citizen Shot in Benghazi

 Assailant shoots an Egyptian (Copt) in Benghazi, victim in 'highly critical condition'

 


Egypt said on Sunday it was deeply concerned about violence targeting its citizens in Libya, hours after an Egyptian was shot in Benghazi amid growing Islamist violence in the city. 



Read more: Egypt 'Deeply Concerned' as Another Citizen Shot in Benghazi

From the Pyramid to the Square

The Egyptian strongman Field Marshal Abdul-Fattah el-Sisi was recently in Moscow visiting with Russian strongman Vladimir Putin. Putin reportedly offered Sisi $2 billion in arms — just what a country like Egypt, where half the women can’t read, needs. The whole meeting struck me as so 1960s, so Nasser meets Khrushchev — two strongmen bucking each other up in the age of strong people and superempowered individuals. Rather than discuss arms sales, Sisi and Putin should have watched a movie together.

Read more: From the Pyramid to the Square

Submitting Again to Mobs, Authorities Order Rebuilt Marinab Church Shut

On Saturday, the security authorities ordered the Copts in Marinab village, north of Aswan, not to reopen their church that has been shut after riots in September 2011.

Back in September 2011, hundreds of the village Muslims, mostly Salafists, attacked the church, which was under construction, trying to demolish it. This was despite the fact that all necessary official permits had been obtained.

Read more: Submitting Again to Mobs, Authorities Order Rebuilt Marinab Church Shut

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