Fwd: التقرير اليومي - 13 مايو 2013

العناوين الرئيسية

مصر تتسلم 3 مليار دولار أمريكي إيداعات قطرية بفائدة 3.5٪

إلغاء الحكم بحبس أحمد عز 7 سنوات وتغريمه 19 مليار جنيه وإعادة محاكمته

الحكم فى دعاوى بطلان الشورى وتأسيسية الدستور 2 يونيو

المصرية للاتصالات (ETEL) تؤكد عدم تنازلها عن الدعاوي التحكيمية ضد شركات المحمول مقابل الرخصة المتكاملة - شراء، سعر مستهدف 16.7 جم/سهم

مساهم سعودي يقترح دمج المصرية للدواجن (EPCO) والشرقية للأمن الغذائي (SNFC) وتكوين شركة قابضة

انخفاض صافي أرباح الوطنية لمنتجات الذرة (NCMP) بنسبة 8.3٪ سنويا في الربع الأول من 2013

ارتفاع صافي أرباح سيدى كرير للبتروكيماويات (SKPC) بنسبة 56٪ سنويا في الربع الأول من 2013

النعيم القابضة للاستثمارات (NAHO) تسجل صافي خسارة قدرها 10 مليون دولار أمريكي في الربع الأول من 2013، وتقدم طلب لدعوة انعقاد اجتماع الجمعية العمومية العادية لمناقشة خفض رأس المال و تسعى للإدراج جزء من أسهمها في احدى البورصات الخليجية

 

 

 

 

الأخبار الاقتصادية والسياسية

 

مصر تتسلم 3 مليار دولار أمريكي إيداعات قطرية بفائدة 3.5٪

صرح مسؤول بالبنك المركزي يوم الأحد أن مصر تلقت وديعة بقيمة 3 مليار دولار أمريكي من قطر يوم الخميس بفائدة 3.5٪. ستبقى الأموال مودعة لدى البنك المركزي حتى تصدر وزارة المالية السندات لقطر بقيمة الويعة. (المصدر: رويترز)

 

إلغاء الحكم بحبس أحمد عز 7 سنوات وتغريمه 19 مليار جنيه وإعادة محاكمته

قررت محكمة النقض المنعقدة يوم الأحد بدار القضاء العالى إلغاء حكم الجنايات الصادر بحبس رجل الأعمال أحمد عز 7 سنوات وغرامة 19 مليار جنيه، فى قضية غسيل الأموال وإعادة المحاكمة. (المصدر: مباشر)

 

الحكم فى دعاوى بطلان الشورى وتأسيسية الدستور 2 يونيو

حددت المحكمة الدستورية العليا جلسة 2 يونيو المقبل،للنطق بالحكم في الدعاوى المطالبة ببطلان مجلس الشورى، والجمعية التأسيسية التي قامت بوضع الدستور الجديد للبلاد. (المصدر: أهرام أون لاين)

 

أخبار الشركات

 

المصرية للاتصالات (ETEL) تؤكد عدم تنازلها عن الدعاوي التحكيمية ضد شركات المحمول مقابل الرخصة المتكاملة - شراء، سعر مستهدف 16.7 جم/سهم

اكدت الشركة المصرية للاتصالات عن عدم تنازلها عن الدعاوي التحكيمية المتعلقة بالنزاع مع شركات المحمول فيما يتعلق باسعار الترابط، مقابل الحصول علي الرخصة المتكاملة، مشيره الي عدم اقدام الشركة علي اي اجراء قد يضر بمصلحة وحقوق مساهميها. وأضاف بيان الشركة أن الدعوي القضائية منظورة امام الهيئات التحكيمية بمركز القاهرة الاقليمي للتحكيم التجاري الدولي، مشيره الي انها لم يرد لها اي طلب للتنازل عن تلك القضايا او تسويتها مقابل الحصول علي الرخصة. (المصدر: البورصة المصرية)

 

مساهم سعودي يقترح دمج المصرية للدواجن (EPCO) والشرقية للأمن الغذائي (SNFC) وتكوين شركة قابضة

اعلنت الشركة المصرية للدواجن عن تقدم المساهم نواف بن عبد الله بن ابراهيم بن دايل والذي يمتلك 17% من اسهم الشركة المصرية للدواجن بالاضافة الي امتلاكه 13.76% من أسهم الشركة الشرقية الوطنية للامن الغذائي بمقترح بخصوص تكوين شركة قابضة عن طريق الاندماج بين الشركتين وفقا لداراسة قام باعدادها. وأضاف البيان ان المستثمر طلب الرد علي مقترحه خلال 3 شهور بعد أن يتم عرضه علي مجلس الادارة. (المصدر: مباشر)

 

انخفاض صافي أرباح الوطنية لمنتجات الذرة (NCMP) بنسبة 8.3٪ سنويا في الربع الأول من 2013

اعتمد مجلس إدارة الوطنية لمنتجات الذرة النتائج المالية غير المدققة للشركة عن الربع الأول من 2013 حيث حققت الشركة صافي أرباح بقيمة 20 مليون جنيه مصري مقابل صافي أرباح بقيمة 21.8 مليون جنيه مصري في الربع الأول من 2012، بانخفاض بنسبة 8.3٪ سنويا. (المصدر: مباشر)

 

ارتفاع صافي أرباح سيدى كرير للبتروكيماويات (SKPC) بنسبة 56٪ سنويا في الربع الأول من 2013

اعتمد مجلس إدارة سيدي كرير للبتروكيماويات النتائج المالية غير المدققة للشركة عن الربع الأول من 2013 حيث حققت الشركة صافي أرباح بقيمة 316.7 مليون جنيه مصري مقابل صافي أرباح بقيمة 203 مليون جنيه مصري في الربع الأول من 2012، بارتفاع بنسبة 56٪ سنويا. (المصدر: مباشر)

 

النعيم القابضة للاستثمارات (NAHO) تسجل صافي خسارة قدرها 10 مليون دولار أمريكي في الربع الأول من 2013، وتقدم طلب لدعوة انعقاد اجتماع الجمعية العمومية العادية لمناقشة خفض رأس المال و تسعى للإدراج جزء من أسهمها في احدى البورصات الخليجية

اظهرت نتائج أعمال شركة النعيم القابضة للاستثمارات المجمعة خلال الربع الاول من عام 2013، تحقيق خسائر بلغت 10 مليون دولار، مقابل أرباح 2.8 مليون دولار خلال الفترة المماثلة من العام السابق.

قالت الهيئة العامة للرقابة المالية أن الشركة قد أودعت نموذج إفصاح بالهيئة وذلك في ضوء رغبة الشركة في الحصول علي عدم ممانعة الهيئة للسير في إجراءات دعوة الجمعية العامة غير العادية للنظر في قرار تخفيض رأس مال الشركة المصدر والمدفوع بإعدام أسهم الخزينة التي مضي علي شرائها أكثر من عام و تعديل المادتين 6؛ 7 من النظام الأساسي للشركة في ضوء إعدام أسهم الخزينة.

من جانب آخر، وافق مجلس إدارة الشركة على إدراج جزء من أسهمها فى أحدي البورصات الخليجية. كما وافق المجلس على نقل ملكية عدد 5 ملايين سهم من أسهم الخزينة لنظام الأثابة. (المصدر: مباشر)

 

 

 

 

للاطلاع على احصائيات السوق، برجاء الضغط هنا

           

                                                                 شكراً،،،

 

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إخلاء المسؤلية

التقرير يستند الى المعلومات المتاحة علنا. وليس مقصودا منه ان يكون عرضا للشراء او البيع كما انه ليس دعوة لشراء او بيع الاوراق المالية المذكورة. واعدت المعلومات والاراء في التقرير من قبل قسم بحوث نعيم من مصادر يعتقد انها ذات مصداقية في وقت نشر هذا التقرير. لن تقبل نعيم أي مسؤولية قانونية عن الخسائر او الاضرار الناجمة عن استخدام هذا التقرير او محتوياته. ونعيم لها الحق في تغيير الاراء التي تم التعبير عنها في هذا التقرير دون اخطار مسبق.

التقرير البحثي (بما فيه كل الملحقات) يحوي معلومات تهدف الى نقلها فقط الى مستقبلين مقصودين، وفي حدود ما يتعلق الامر بالولايات المتحدة الامريكية هم "كبار المستثمرين الامريكيين" (أي كبار المستثمرين الامريكيين الذين لديهم اجمالي اصول تحت الادارة تزيد على 100 مليون دولار، او مستشاري الاستثمار المسجلين مع لجنة الاوراق المالية والبورصة الامريكية ولديهم اصول اجمالية تحت الادارة تزيد على مئة مليون دولار امريكي). مالم يكون قاريء او متلقي هذا التقرير البحثي هو المقصود، رجاء ابلاغ شركة نعيم في الحال، وتدمير التقرير البحثي بدون الاحتفاظ بأي جزء منه في أي صورة. الاستخدام غير المسموح به للتقرير البحثي او نشره او توزيعه او نسخه ممنوع منعا باتا.

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

النائب العام يحيل بلاغا ضد المجموعة الاقتصادية لـ"الأموال العامة" - مباشر

http://www.mubasher.info/portal/CASE/getDetailsStory.html?storyId=2306495&goToHomePageParam=true

النائب العام يحيل بلاغا ضد المجموعة الاقتصادية لـ"الأموال العامة"

أحال المستشار طلعت عبد الله النائب العام، بلاغ المهندس حمدى الفخرانى عضو مجلس الشعب السابق وعدد من العاملين بشركة عمر أفندى، ضد المجموعة الاقتصادية الوزارية المشكلة بقرار رئيس مجلس الوزراء 127 لسنة 2006، إلى نيابة الأموال العامة العليا تحت رقم 761.

وتضمن قرار الناب العام، الإحالة تضمين الجهاز المركزى للمحاسبات بحجة تعثر استخلاص المستندات التى يصعب الحصول عليها لوقف إهدار المال العام.. وفقا لليوم السابع.

كان المهندس حمدى الفخرانى عضو مجلس الشعب السابق وعدد من العاملين بشركة عمر أفندى، ببلاغ للنائب العام المستشار طلعت عبد الله، اليوم الاثنين، ضد المجموعة الاقتصادية الوزارية المشكلة بقرار رئيس مجلس الوزراء 127 لسنة 2006. وقال البلاغ الذى حمل رقم 829، إن المجموعة الاقتصادية قامت بمخالفة قرار اللجنة الوزارية للخصخصة التى نصت على استبعاد الأصول والأراضى غير الملائمة، وكذلك الفروع الخاسرة وذلك بنقل ملكية الأراضى والفروع لملكية الشركة القابضة، بيع الشركات بدون الأراضى على أن تؤجر الأراضى للمشترى بعقود انتفاع طويلة المدة "35 سنة" قابلة للتجديد مقابل 3% من القيمة السوقية بزيادة بمعدل 5% سنويا أو بمعدل التضخم.

ونص البلاغ على أن اللجنة الوزارة وضعت قواعد لتقييم الشركات الخاسرة، حيث إن تقييم هذه الشركات يجب على أن يكون على أساس القيمة السوقية الحقيقية وذلك بالطرح على السوق ومقارنة القيمة بالقيم السابقة والعرض على الجمعية العمومية ثم على اللجنة الوزارية لاتخاذ القرار المناسب فى ضوء القيمة المعروضة إلا أن شركة عمر أفندى تم تقييمها بخلاف ما سبق بطريقة القيمة الحالية للتدفقات النقدية التى تقوم على أساس أن الربح والتدفق النقدى المتوقع يعتبر دالا على القيمة وهو ما يعتبر بالمخالفة لقرار اللجنة الوزارية للخصخصة.

Egyptian Corporate Lawyer: Egypt - Critic of Morsi Is Jailed - NYTimes.com

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Egyptian Corporate Lawyer: Egypt - Critic of Morsi Is Jailed - NYTimes.com

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Egyptian Corporate Lawyer: Egypt - Critic of Morsi Is Jailed - NYTimes.com

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Egypt - Critic of Morsi Is Jailed - NYTimes.com

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World Briefing | Middle East

Egypt: Critic of Morsi Is Jailed

By BEN HUBBARD

Published: May 1, 2013

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Egyptian authorities jailed an anti-Islamist activist late Tuesday on charges that included insulting President Mohamed Morsi, state news media said. After turning himself in to prosecutors, the activist, Ahmed Douma, was transferred to a prison to be held for four days. Mr. Douma has been a vocal critic of Mr. Morsi and his allies in the Muslim Brotherhood, using social media and joining anti-Islamist protests. Human rights groups have accused Mr. Morsi and his allies of targeting their critics in politically motivated prosecutions — a charge Mr. Morsi's aides deny.

A version of this brief appeared in print on May 2, 2013, on page A8 of the New York edition with the headline: Egypt: Anti-Islamist Activist, a Critic of Morsi, Is Jailed.

BBC News - Lawyers appointed for Saif al-Islam Gaddafi

http://www.bbc.co.uk/news/world-africa-22378116

Lawyers appointed for Saif al-Islam Gaddafi

2 May 2013 Last updated at 12:03 GMT

Saif al-Islam Gaddafi was captured in November 2011 while allegedly trying to flee the country

The son of deposed Libyan leader Col Muammar Gaddafi, Saif al-Islam, has briefly appeared in court to face criminal charges and has been appointed two local lawyers.

The case relates to a visit last year from a lawyer from the International Criminal Court (ICC) who was accused of passing information to Mr Gaddafi.

Mr Gaddafi has also been indicted for war crimes during the 2011 uprising.

Both Libya and the ICC claim jurisdiction for that trial.

When asked whether he was in good health, Mr Gaddafi said that he was and gave a thumbs-up sign, the BBC's foreign editor, John Simpson, reports from Zintan.

Mr Gaddafi faces charges of complicity in exchanging information, obtaining documents that threaten national security and insulting the national flag.

Evidence was briefly presented at the hearing, including a pen with a camera in it and a watch, which the prosecution alleges were used in passing illicit information.

Representatives from local and international human rights organisations were also present at the hearing.

The trial has been postponed until 19 September.

'Coded messages'

In June last year, ICC lawyer Melinda Taylor and three other ICC staff were arrested and held for the three weeks after visiting Mr Gaddafi.

Ms Taylor was accused of clandestinely passing Mr Gaddafi a coded letter from a fugitive former aide, Mohammed Ismail.

The four were subsequently released to The Hague and are not expected to return to Libya to face charges.

The ICC said last year that it would investigate the allegations.

Mr Gaddafi has been held in Zintan since a brigade from the town captured him in November 2011.

His British lawyer John Jones described the detention to the BBC as "Libya's Guantanamo Bay" and said he had no plans to visit Mr Gaddafi in Zintan.

BBC News - Bahrain: Amnesty renews call to free jailed teachers' union chief

http://www.bbc.co.uk/news/world-middle-east-22367586

Bahrain: Amnesty renews call to free jailed teachers' union chief

1 May 2013 Last updated at 11:30 GMT

Mr Abu Dheeb has spent more than two years in jail

Rights group Amnesty International has renewed its call for the release of the jailed president of the Bahrain Teachers Association, Mahdi Abu Dheeb.

Mr Abu Dheeb was convicted by a military court of plotting to overthrow the government during unrest that swept Bahrain in 2011.

His original 10-year sentence was subsequently reduced to five on appeal.

Amnesty has described Mr Abu Dheeb as a "prisoner of conscience".

Both Mr Abu Dheeb and his vice-president Jalila al-Salman allege they were tortured in detention after calling for a strike by teachers in March 2011 in support of pro-democracy activists who had taken over a prominent landmark, Pearl Roundabout, in the capital, Manama.

The Bahrain Teachers Association was dissolved by the government after its leaders were arrested.

Ms Salman was originally sentenced to three years in jail but that was reduced to six months on appeal.

However in March this year she was sacked from her teaching job after criticising Bahrain's human rights record at a conference in Washington DC.

In a statement timed to coincide with 1 May, International Workers' Day, Amnesty said: "All that they did was call for a strike in their role as trade union leaders. Mahdi and Jalila were punished for doing their job. This May Day stand with workers across the world and demand Mahdi's release."

Mr Abu Dheeb's daughter, Maryam, in a recorded message accompanying the statement, said: "Silence is a crime."

She urged people to speak up and "take a step and show you care about what is going on in my country".

Teachers' organisations around the world, as well as human rights campaigners, have called for Mr Abu Dheeb's release.

The Bahraini authorities did not respond to a request from the BBC to comment on the Amnesty International statement.

BBC News - Why are Buddhist monks attacking Muslims?

http://www.bbc.co.uk/news/magazine-22356306

Why are Buddhist monks attacking Muslims?

1 May 2013 Last updated at 23:16 GMT By Alan Strathern Oxford University

Of all the moral precepts instilled in Buddhist monks the promise not to kill comes first, and the principle of non-violence is arguably more central to Buddhism than any other major religion. So why have monks been using hate speech against Muslims and joining mobs that have left dozens dead?

This is happening in two countries separated by well over 1,000 miles of Indian Ocean - Burma and Sri Lanka. It is puzzling because neither country is facing an Islamist militant threat. Muslims in both places are a generally peaceable and small minority.

In Sri Lanka, the issue of halal slaughter has been a flashpoint. Led by monks, members of the Bodu Bala Sena - the Buddhist Brigade - hold rallies, call for direct action and the boycotting of Muslim businesses, and rail against the size of Muslim families.

While no Muslims have been killed in Sri Lanka, the Burmese situation is far more serious. Here the antagonism is spearheaded by the 969 group, led by a monk, Ashin Wirathu, who was jailed in 2003 for inciting religious hatred. Released in 2012, he has referred to himself bizarrely as "the Burmese Bin Laden".

March saw an outbreak of mob violence directed against Muslims in the town of Meiktila, in central Burma, which left at least 40 dead.

Tellingly, the violence began in a gold shop. The movements in both countries exploit a sense of economic grievance - a religious minority is used as the scapegoat for the frustrated aspirations of the majority.

On Tuesday, Buddhist mobs attacked mosques and burned more than 70 homes in Oakkan, north of Rangoon, after a Muslim girl on a bicycle collided with a monk. One person died and nine were injured.

But aren't Buddhist monks meant to be the good guys of religion?

Aggressive thoughts are inimical to all Buddhist teachings. Buddhism even comes equipped with a practical way to eliminate them. Through meditation the distinction between your feelings and those of others should begin to dissolve, while your compassion for all living things grows.

Of course, there is a strong strain of pacifism in Christian teachings too: "Love your enemies and pray for those who persecute you," were the words of Jesus in the Sermon on the Mount.

But however any religion starts out, sooner or later it enters into a Faustian pact with state power. Buddhist monks looked to kings, the ultimate wielders of violence, for the support, patronage and order that only they could provide. Kings looked to monks to provide the popular legitimacy that only such a high moral vision can confer.

The result can seem ironic. If you have a strong sense of the overriding moral superiority of your worldview, then the need to protect and advance it can seem the most important duty of all.

Christian crusaders, Islamist militants, or the leaders of "freedom-loving nations", all justify what they see as necessary violence in the name of a higher good. Buddhist rulers and monks have been no exception.

So, historically, Buddhism has been no more a religion of peace than Christianity.

One of the most famous kings in Sri Lankan history is Dutugamanu, whose unification of the island in the 2nd Century BC is related in an important chronicle, the Mahavamsa.

It says that he placed a Buddhist relic in his spear and took 500 monks with him along to war against a non-Buddhist king.

He destroyed his opponents. After the bloodshed, some enlightened ones consoled him: "The slain were like animals; you will make the Buddha's faith shine."

Burmese rulers, known as "kings of righteousness", justified wars in the name of what they called true Buddhist doctrine.

In Japan, many samurai were devotees of Zen Buddhism and various arguments sustained them - killing a man about to commit a dreadful crime was an act of compassion, for example. Such reasoning surfaced again when Japan mobilised for World War II.

Buddhism took a leading role in the nationalist movements that emerged as Burma and Sri Lanka sought to throw off the yoke of the British Empire. Occasionally this spilled out into violence. In 1930s Rangoon, amid resorts to direct action, monks knifed four Europeans.

More importantly, many came to feel Buddhism was integral to their national identity - and the position of minorities in these newly independent nations was an uncomfortable one.

In 1983, Sri Lanka's ethnic tensions broke out into civil war. Following anti-Tamil pogroms, separatist Tamil groups in the north and east of the island sought to break away from the Sinhalese majority government.

Violence has left many Burmese Muslims homeless

During the war, the worst violence against Sri Lankan Muslims came at the hands of the Tamil rebels. But after the fighting came to a bloody end with the defeat of the rebels in 2009, it seems that majority communal passions have found a new target in the Muslim minority.

In Burma, monks wielded their moral authority to challenge the military junta and argue for democracy in the Saffron Revolution of 2007. Peaceful protest was the main weapon of choice this time, and monks paid with their lives.

Now some monks are using their moral authority to serve a quite different end. They may be a minority, but the 500,000-strong monkhood, which includes many deposited in monasteries as children to escape poverty or as orphans, certainly has its fair share of angry young men.

The exact nature of the relationship between the Buddhist extremists and the ruling parties in both countries is unclear.

Sri Lanka's powerful Defence Secretary Gotabhaya Rajapaksa was guest of honour at the opening of a Buddhist Brigade training school, and referred to the monks as those who "protect our country, religion and race".

But the anti-Muslim message seems to have struck a chord with parts of the population.

Even though they form a majority in both countries, many Buddhists share a sense that their nations must be unified and that their religion is under threat.

The global climate is crucial. People believe radical Islam to be at the centre of the many of the most violent conflicts around the world. They feel they are at the receiving end of conversion drives by the much more evangelical monotheistic faiths. And they feel that if other religions are going to get tough, they had better follow suit.

Alan Strathern is a fellow in History at Brasenose College, Oxford and author of Kingship and Conversion in Sixteenth-Century Sri Lanka: Portuguese Imperialism in a Buddhist Land

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Hundreds march to Egypt's Shura Council on Labour Day - Politics - Egypt - Ahram Online

Hundreds march to Egypt's Shura Council on Labour Day

Egyptian workers chant against President Mohamed Morsi, the Muslim Brotherhood, and military in protest at lack of fulfillment of longstanding demands

Nada Hussein Rashwan, Wednesday 1 May 2013

Hundreds of Egyptian workers and political activists have joined a march from Cairo's Sayyeda Zeinab district to the Shura Council headquarters to voice workers' demands on Labour Day.

Protesters waved red flags as they shouted the famous slogan of Egypt's January 25 Revolution: "bread, freedom, social justice."

Many protesters also chanted against both President Mohamed Morsi and the Muslim Brotherhood.

According to Ahram Online's reporter in the field, some chanted against the military, but were met with discontent from other protesters who demanded anti-Brotherhood chants.

The rally was called by several political parties, movements and labour organisations to voice their discontent with the unfulfilled longstanding demands of workers even after the revolution.

Among these demands are the implementation of a minimum wage set at LE1,200 ($170), independent and representative syndicates for workers, and putting an end to legislation that harms the labour movement.

"This regime is biased against the poor... it's a shame that until now 40 percent of Egyptians are living under the poverty line. We haven't seen anything from Morsi regarding social justice," spokesman of the National Salvation Front Khaled Daoud told Ahram Online.

"I'm here to celebrate but also to share the bitterness of the people towards empty promises made by the current regime," he added.

Leading the march, Kamal Abou Eita, prominent labour activist and head of the Egyptian Federation of Independent Trade Unions (EFITU), addressed the protesters stressing that the march is not for celebration but to voice the workers' demands.

"We're here to declare our demands, and we will take our rights," said Abou Eita, who demanded the upholding of a court verdict that sentenced Prime Minister Hisham Qandil to a year in jail.

On 17 April, Qandil was slammed with a suspended sentence of one-year in prison with a LE2,000 bail. He is accused of abstaining from implementing a verdict by the Administrative Court that ordered the renationalisation of the Tanta Flax and Oil Company, and rendered invalid the selling of the company to Saudi businessman Abdullah Al-Kaaki.

Protesters are heading to Cairo's Tahrir Square as Central Security Forces have been blocking the road to the parliament building in downtown Cairo.

On Tuesday evening, a ceremony celebrating Labour Day was held at Al-Qoba presidential palace in Cairo's Heliopolis district in the presence of President Morsi. However, the EFITU refused to take part in the ceremony, describing it as undermining the importance of workers.

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Egypt presidency slams US embassy's statement on TV satirist - Politics - Egypt - Ahram Online

Egypt presidency slams US embassy's statement on TV satirist

Presidency accuses US embassy in Cairo of engaging in 'political propaganda' following embassy's Twitter post condemning recent questioning of TV satirist Bassem Youssef

Ahram Online , Tuesday 2 Apr 2013

 

A Twitter post by the US embassy in Cairo criticising the recent questioning of television satirist Bassem Youssef by the Public Prosecution drew a sharp response from Egypt's presidency on Tuesday.

Responding via Twitter, the presidency accused the US embassy of engaging in "political propaganda" after the embassy posted a video of US television satirist John Stewart poking fun at Egyptian President Mohamed Morsi.

Stewart also condemned an arrest warrant issued earlier this week for Youssef, whose Al-Bernameg television programme was inspired in part by Stewart's 'The Daily Show.'

Youssef was questioned by public prosecutors following charges that he had insulted Morsi, denigrated Islam and spread false news with the aim of disrupting public order. He was released on bail on Sunday.

"It's inappropriate for a diplomatic mission to engage in such negative political propaganda," read the Twitter post by Egypt's presidency.

On his show, Stewart mocked President Morsi for allegedly targeting media figures and activists instead of dealing with Egypt's growing economic and social problems.

"Without Bassem and all those journalists and bloggers and brave protesters who took to Tahrir Square to voice dissent, you, President Morsi, would not have been in a position to repress them," Stewart claimed.

Earlier, the US State Department had stated that the ongoing investigation of Youssef indicated a "disturbing trend" of growing restrictions on freedom of expression in Egypt.

US State Department spokeswoman Victoria Nuland asserted that the Egyptian government had failed to show even-handedness when investigating cases of police brutality and attacks against anti-Morsi protesters and journalists.

Egypt's Public Prosecution, meanwhile, has denied that the warrant for Youssef's arrest was political in nature, asserting that it simply represented the application of Egyptian law.

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Egypt presidency's legal team to be unveiled soon: Sources - Politics - Egypt - Ahram Online

Egypt presidency's legal team to be unveiled soon: Sources

President's legal advisory team will likely include several Muslim Brotherhood figures, according to informed source quoted by Turkish news agency

Ahram Online , Wednesday 1 May 2013

The Egyptian presidency will announce members of its legal and judicial consulting teams "within days," an informed source close to the presidency told Turkish news agency Anadolu on Wednesday.

According to the source, the team will include 16 academics and law professors, along with judges from different courts including Egypt's High Administrative Court.

The source also said the president's legal advisory team would include Abdel-Moneim Abdel-Maksoud, a Muslim Brotherhood lawyer and member of Egypt's National Human Rights Council; and Mohamed Tosoun, a Muslim Brotherhood representative in Egypt's Shura Council (the upper house of parliament, currently endowed with legislative powers).

The source also mentioned Ramadan Bateekh, former member of Egypt's Constituent Assembly (which drafted the country's new constitution) and constitutional law professor at Cairo's Ain Shams University, as a possible appointee to the president's legal team.

A final decision has been delayed, however, said the source, since some judges have been hesitant to join the president's legal team in light of a months-long crisis between the presidency and judiciary, in addition to an ongoing standoff between judges and the Shura Council due to controversial draft legislation – rejected by many judges – regulating judicial authority.

"The exclusion of legal advisor Mohamed Fouad Gadallah from the president's legal team was the reason why he resigned as the president's legal advisor," the source told Anadolu.

The president's former legal advisor has said that he resigned from the post to protest alleged interference by the presidency in the work of Egypt's judiciary.

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EFG-Hermes merger deal with Qatar's QInvest expires - Economy - Business - Ahram Online

EFG-Hermes merger deal with Qatar's QInvest expires

Country's leading investment house blames devolopment on failure to obtain Egyptian Financial Supervisory Authority's approval before expiry of year-old agreement deadline

Ahram Online, Wednesday 1 May 2013

EFG-Hermes, Egypt's largest finance company, has announced the termination of its joint venture agreement with Qatari investment bank QInvest due to its failure to obtain the approval of the Egyptian Financial Supervisory Authority (EFSA) before the long-stop date for the year-old agreement.

"The parties received the approval of necessary financial services in all other markets in which the joint venture was initially to operate, including Qatar, the United Arab Emirates, Saudi Arabia and Jordan, among others," EFG-Hermes stated in a Wednesday press release.

"EFG-Hermes and QInvest co-operated fully with all regulators, met all their requirements and exercised the utmost diligence in addressing any regulatory requests in a timely and comprehensive manner," the press release added.

The merger between the two giants, according to which QInvest would have acquired a controlling 60-percent stake in the Cairo-based investment bank, had been trumpeted by the latter as having attracted $300 million in foreign direct investment to Egypt's faltering economy.

Early last month, EFG-Hermes told Reuters that the deal was not likely to be renewed if the EFSA failed to approve it on time, "in light of changing economic conditions and the increased price of the dollar, in addition to the loss of confidence in obtaining the EFSA's approval."

According to Tuesday's statement, both EFG-Hermes and QInvest "look forward to separately creating value for their shareholders and hope to capitalise on their complementary strengths to together pursue suitable business opportunities in a less-structured framework."

It is widely believed that the deal had political implications, as leading EFG-Hermes officials Hassan Heikal and Yasser El-Mallawany are both currently on trial – alongside former presidential scions Gamal and Alaa Mubarak – for alleged stock market manipulation regarding the 2007 sale of Al-Watani Bank. 

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