mubarak

Feb. 14 (Bloomberg) — Naguib Sawiris, chairman of Orascom Telecom Holding SAE, talks about the outlook for Egypt’s economy following the resignation of President Hosni Mubarak. Sawiris was a member of an informal committee that negotiated with Vice President Omar Suleiman about a gradual transfer of power by the Mubarak regime before the leader resigned. He speaks with Francine Lacqua on Bloomberg Television’s “On The Move.”

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Video: Sawiris Is `Concerned’ About Capital Outflow From Egypt

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Oil falls, world stocks edge up as Mubarak steps down

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Oil falls, world stocks edge up as Mubarak steps down

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Video: McMahon Doubts Egypt Will Disrupt Middle East Oil Flows

February 11, 2011

Feb. 11 (Bloomberg) — Daniel McMahon, director of equity trading at Raymond James & Associates Inc., talks about the political unrest in Egypt and the impact on energy markets. Hosni Mubarak stepped down as president of Egypt today and handed power to the military. McMahon speaks with Julie Hyman on Bloomberg Television’s “Fast Forward.” (Source: Bloomberg)

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Video: Cairo Protesters Converge, Vowing to Topple Mubarak

February 11, 2011

Feb. 11 (Bloomberg) — Egyptians converged on Tahrir Square in Cairo and the presidential palace in the suburb of Heliopolis, vowing to topple President Hosni Mubarak after he defied calls for his resignation for the second time this month. Bloomberg’s Margaret Brennan and Lara Setrakian report.(Source: Bloomberg)

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Video: Crocker Says Mubarak Setting Terms for End of His Tenure

February 11, 2011

Feb. 11 (Bloomberg) — Ryan Crocker, former U.S. Ambassador to Iraq and current dean of the Bush School of Government and Public Service at Texas A&M University, discusses the outlook for Egypt after President Hosni Mubarak defied calls for his resignation. Crocker talks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

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Video: Sfakianakis Says Egypt May Request IMF Help for Economy

February 11, 2011

Feb. 11 (Bloomberg) — John Sfakianakis, chief economist at Banque Saudi Fransi, discusses the outlook for the Egyptian economy as President Hosni Mubarak refuses to step down before September. He speaks from Riyadh with Mark Barton on Bloomberg Television’s “Countdown.”

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Forex Markets Eye Egypt as Mubarak Refuses to Step Down

February 11, 2011

Forex Markets Eye Egypt as Mubarak Refuses to Step Down

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FINANCE VIDEO: Clifford Bennett Market Overview: Mubarak Hesitates And So Do Markets

February 11, 2011

FINANCE VIDEO: Clifford Bennett Market Overview: Mubarak Hesitates And So Do Markets

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European Stocks Close Higher as Mubarak Steps Down

February 11, 2011

European Stocks Close Higher as Mubarak Steps Down

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US Stocks ended this week high after Mubarak’s Resignation

February 11, 2011

US Stocks ended this week high after Mubarak’s Resignation

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Stocks in the U.S. Rise after Mubarak’s Resignation, Rising Confidence

February 11, 2011

Stocks in the U.S. Rise after Mubarak’s Resignation, Rising Confidence

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Video: Moubayed Says Egypt Bond Sale Will Attract Local Banks

February 7, 2011

Feb. 7 (Bloomberg) — Alia Moubayed, a senior economist at Barclays Capital, talks about Egypt’s plans to raise 15 billion Egyptian pounds ($2.6 billion) in a bond sale today. Talks between Egypt’s government and opposition parties eased pressure for the immediate departure of President Hosni Mubarak, helping the country’s financial system to return toward normalcy. Moubayed speaks from Beirut with Andrea Catherwood on Bloomberg Television’s “The Pulse.”

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Video: Traffic Back on Cairo Streets as Egyptians Seek Normalcy

February 7, 2011

Feb. 7 (Bloomberg) — Bloomberg’s Lara Setrakian reports from Dubai on the reopening of businesses in central Cairo after two weeks of protests against President Hosni Mubarak’s regime. She speaks with Francine Lacqua on Bloomberg Television’s “On The Move.”

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Video: Rutherford Doubts Mubarak Speech Will Calm Protestors

January 29, 2011

Jan. 28 (Bloomberg) — Bruce Rutherford, a professor at Colgate University, talks about Egyptian President Hosni Mubarak’s call for the country’s government to resign. In a televised address to the nation, Mubarak says the new government would fight poverty, speed economic and social changes, and promote civil liberties and democracy. Rutherford speaks with Pimm Fox on Bloomberg Television’s “Taking Stock.” (This is an excerpt of the full interview. Source: Bloomberg)

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Video: Elmasry Expects Egypt `Turmoil’ Until Mubarak Ousted

January 28, 2011

Jan. 28 (Bloomberg) — Mohammed Elmasry, a professor emeritus at the University of Waterloo in Canada, talks from Cairo about the demonstrations in that city. Protesters demonstrated throughout Egypt, with clashes erupting in central Cairo, in the biggest challenge to President Hosni Mubarak’s 30-year rule. Elmasry talks with Lisa Murphy on Bloomberg Television’s “Fast Forward.” (Source: Bloomberg)

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Video: Kerry Urges Egypt to Respect the Democratic Process

January 28, 2011

Jan. 28 (Bloomberg) — U.S. Senator John Kerry, a Massachusetts Democrat, talks with Bloomberg’s Olivia Sterns at the World Economic Forum in Davos, Switzerland, about the unrest in Egypt. Protesters demonstrated throughout Egypt with clashes erupting in central Cairo, in the biggest challenge to President Hosni Mubarak’s 30-year rule. (Source: Bloomberg)

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Video: Cairo Protests Erupt Over Demand to End Mubarak’s Rule

January 28, 2011

Jan. 28 (Bloomberg) — Clashes erupted as Egyptian authorities tried to prevent demonstrations in Cairo, where protesters chanting “liberty” and “change” assembled to demand the end of President Hosni Mubarak’s 30-year rule. Bloomberg’s Mahmoud Kassem reports. (Source: Bloomberg)

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ElBaradei’s Campaign to End Mubarak’s Rule Spurned by Egyptian Opposition

May 18, 2010

By Daniel Williams May 18 (Bloomberg) — Hundreds of flag-waving Egyptians greeted Mohamed ElBaradei at Cairo’s airport on Feb. 19. The former head of the United Nations atomic-energy agency was coming home to lead a movement to oust President Hosni Mubarak , and opposition leaders rallied in support. Three months later, some activists have abandoned the 2005 Nobel Peace Prize laureate, calling him aloof, absent and out of touch. And his campaign has failed so far to pressure Mubarak into adopting new regulations allowing independent candidates, including ElBaradei, to run in next year’s election. ElBaradei’s endeavor is “a fiasco,” said Hisham Kassem , a former newspaper publisher and member of Kifaya, a group of anti-Mubarak activists. “Everyone has his own agenda.” If ElBaradei fails, it would be the latest in a series of unsuccessful efforts to end 28 years of one-man rule and return Egypt to democracy for the first time since 1952, when the military overthrew a constitutional monarchy. While Mubarak supporters say his strong hand maintains stability, critics say the price has been corruption, oligarchy and persistent labor unrest in a country operating since 1981 under a state of emergency that permits arbitrary arrest, detention without trial and suppression of political associations and demonstrations. The critics also say stability is illusory. Forty-two percent of Egyptians live in poverty, and there has been an upsurge in illegal protests, with more than 1.7 million workers participating in some 1,900 strikes and other actions between 2004 and 2008, according to the Washington-based Solidarity Center , a labor-rights group. Nuclear Proliferation ElBaradei, 67, returned to Egypt after a long career abroad. He served as director general of the International Atomic Energy Agency in Vienna for 12 years, sharing the Nobel prize with the agency for work to prevent nuclear proliferation for military use. A former diplomat, he’s never held elected office. “Egyptians are looking for a savior to pull them out of their misery,” Kassem said. ElBaradei formed the National Association for Change, an umbrella group designed to pressure Mubarak, in February. He has called for term limits on the presidency and said Egyptians should boycott next year’s elections if Mubarak doesn’t change the constitution. Under current rules, presidential candidates must be members of established parties, including Mubarak’s National Democratic Party , or be endorsed by parliament and municipal councils, all dominated by the NDP. Grooming a Successor Mubarak, 82 and ailing, hasn’t said if he’ll seek another six-year term. Opposition groups say he is grooming his son Gamal , 47, to succeed him, a claim both men deny. After initial expressions of support, groups that might help channel public enthusiasm for ElBaradei into a mass movement now display little interest in joining him. The Muslim Brotherhood , Egypt’s largest opposition faction, which is legally banned from politics, isn’t willing to back ElBaradei even though it agrees with his call for open elections, spokesman Ali Abdul-Fattah said. “He doesn’t speak the language of the people, and he wants to manage things as an outsider instead of getting down to the struggle,” Abdul-Fattah said. “In any case, there is no possibility for change.” Lawyer Ayman Nour , who ran for president in 2005 as head of the Tomorrow Party and got 7 percent of the vote, joined ElBaradei’s group initially and then split off. ElBaradei “just showed up in February,” Nour said, adding he plans to run again in 2011. “The movement can’t be based on one personality. For instance, our party has a history. He is just an individual.” Reject Leadership Officially recognized parties, which have little following in Egypt, reject ElBaradei’s leadership. The socialist Tagammu Party, which was founded in 1977 and has one seat in parliament, forbade its members from joining ElBaradei’s association. “We worked for years and now we are expected to back this phenomenon? No,” said Hussein Abdul Razek, a top official. The April 6 Youth Movement, a collection of young people who lobby for democracy on the Internet , rallied around ElBaradei at first and now has become frustrated by his performance, said its leader Ahmed Maher. “Time is passing, everyone’s ambitions are clashing and ElBaradei is just talking,” he said. “It’s a huge disappointment, but we still have hope.” An ElBaradei representative, Hassan Nafaa, a Cairo University professor who coordinates the NAC, acknowledged ElBaradei must do more to mobilize support. ‘Complicated’ Politics “Egyptian politics are complicated,” he said during a May 3 rally protesting Mubarak’s plan to add two more years to the state of emergency. “It’s hard to keep people together.” The demonstration drew about 100 participants, who mainly spent their time debating whether to break through police lines and march on parliament or give television interviews. ElBaradei was absent, traveling in the U.S. “We have to do better organizing; activity must go on even in ElBaradei’s absence,” Nafaa said, adding ElBaradei would soon promote civil disobedience. A second protest, hastily convened on May 12 when Mubarak extended the emergency law, also drew about 100 demonstrators, many repeaters from May 3. ElBaradei, still abroad, Twittered that the extension was a “continuation of repression” and a “violation” of human rights. He should spend more time in Egypt and lead demonstrations, said the youth movement’s Maher. “We can’t have an opposition in the transit lounge,” he said. To contact the reporter on this story: Daniel Williams in Cairo at dwilliams41@bloomberg.net .

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Egypt’s Mubarak in `Satisfactory’ Condition Following Gallbladder Surgery

March 7, 2010

By Daniel Williams and Holger Elfes March 7 (Bloomberg) — Egyptian President Hosni Mubarak is in a “satisfactory” condition after surgeons removed his gallbladder without complications, the physician who led the operating team and Egypt’s health minister said. “He is clinically stable, with normal vital signs, and his condition is really good this morning,” Markus Beuchler of Heidelberg University Hospital in Germany and Hatem El Gabaly , the chief of the Egyptian Ministry of Health, said in an e- mailed statement today. A polyp from Mubarak’s small intestine also was discovered yesterday and taken out, Buechler said in an earlier statement “I am fully satisfied with the performance and the outcome of the surgical intervention,” he said. No cancer was found in the removed tissue, he said. Mubarak, 81, was in an intensive care unit and speaking to family members and doctors. He will remain hospitalized “in the following days until he is fully recovered,” Buechler said. Mubarak yesterday temporarily handed power to Prime Minister Ahmed Nazif , 58, who will carry out the role of president until Mubarak is able to resume his duties, the Information Ministry said. Egypt has no vice president. Former German Chancellor Helmut Kohl had the same surgery at the southern German facility last month and was discharged three weeks later, hospital spokeswoman Annette Tuffs said. ‘Inflammation’ Mubarak has ruled the Middle East’s most populous country for 28 years. His reign is the longest since the military overthrew Egypt’s monarchy in 1952. He had been visiting Germany for talks with Chancellor Angela Merkel . During an examination March 5, Mubarak was found to have “chronic inflammation of the gallbladder,” Egypt’s government press office said. Cabinet spokesman Magdy Rady said Nazif will stay in Egypt until Mubarak is back. “It’s business as usual,” Rady said. “There’s no worries about Nazif for Mubarak,” said Hisham Kassem , a former newspaper publisher and opposition activist. “There won’t be a coup.” Nazif was appointed prime minister in July 2004. He was minister of communications and information technology in the previous government. Liberalization of Egypt’s economy has been a main thrust of his time in office. In June 2004, Mubarak underwent surgery in Munich for a slipped disc. He put presidential powers in the hands of then- Prime Minister Atef Obeid for 10 days. Peace Treaty Mubarak has held office since the assassination of Anwar Sadat in 1981 during a military parade by soldiers belonging to an underground Islamic group. He has kept to a peace treaty with Israel that took effect in 1979 and in the past two years tried to mediate between feuding Palestinians in hopes of getting peace talks for a Palestinian state next to Israel under way. Presidential elections are scheduled for 2011. Mubarak has kept succession possibilities firmly linked to his ruling National Democratic Party. Rules introduced in 2006 require presidential candidates to belong to the NDP or established opposition parties, which have virtually no popular support. If an independent wants to run, he must win endorsement by parliament and local councils, all dominated by the NDP. Egypt’s biggest opposition group, the Muslim Brotherhood, isn’t recognized by the government as a political party. Mubarak reins in dissent through emergency laws decreed in 1981 that prohibit besmirching Egypt’s image, permit secret trials to be held and allow detentions without trial. Speculation on a successor to Mubarak has circulated since 2003, when he fainted during a session of parliament. In Cairo, democratic activists have campaigned to prevent a possible dynastic succession to Mubarak’s son Gamal, 47. He heads the NDP’s policy committee. Gamal denies he’s running for president. Mohammed ElBaradei , former head of the International Atomic Energy Agency , is campaigning for constitutional changes that would widen the field for presidential candidates. During a visit to Cairo last month, ElBaradei formed a group of 30 opposition politicians and activists to press for new rules. To contact the reporters on this story: Daniel Williams in Cairo at Dwailliams41@bloomberg.net ; Holger Elfes in Dusseldorf at helfes@bloomberg.net

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