Archive for Abdel Rahman

Judicial officials refuted reports by several media outlets Saturday that the Court of Cassation had rescinded the life sentences handed down to former President Hosni Mubarak and former Interior Minister Habib al-Adly in June.

Both former leaders have appealed their conviction on charges of failing to prevent the killing of peaceful revolution protesters.

Ahmed Ali Abdel Rahman, the first deputy chairman of the Court of Cassation, which will consider their appeals, and the Public Prosecution denied reports circulated on some satellite channels and other media outlets claiming that the June Cairo Criminal Court verdict had been cancelled.

The Court of Cassation will consider the appeals as scheduled on Sunday morning, Abdel Rahman told state-run news agency MENA.

He called on the media to investigate the accuracy of the news they report, especially regarding court rulings. False reports may represent an attempt to influence the court and interfere in its work, a crime punishable by law, he said.

Edited translation from MENA

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Twenty-three year-old Hozayfa Abdel Basset Hamed died on Wednesday while fighting with the Free Syrian Army in Daraa. Originally from the city of Talkha in the Daqahliya governoate, Hamed joined the ranks of rebel forces in Syria several months ago.

His family said he was buried in Daraa.

Hamed had lived with his family in Ireland for 10 years before joining the Free Syrian Army, said his friend Abdel Rahman al-Badrawy.

“We learned about his martyrdom through sites on the Internet,” Badrawy added.

According to press reports Egyptians have been increasingly joining in the fight against President Bashar al-Assad’s regime for the past year, but there are no accurate figures indicating how many.

The Syrian authorities have killed and arrested a number of Egyptians illegally infiltrating Syria over the past few months.

Edited translation from Al-Masry Al-Youm

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The violent clashes in front of the presidential palace Wednesday night affected the stock market negatively on Thursday.

The main index EGX30, which tracks the performance of the top 30 companies, went down by 4.6 percent, losing 233 points to reach 4,838 points, with sales values at LE402.4 million.

The stock exchange halted the trading of 61 companies for half an hour after they passed the allowable percentage decline, which is 5 percent.

The trading screens were covered in red.

The market capitalization lost LE10.4 billion after the close prices of 137 securities went down, while only seven securities went up.

Mohsen Adel, deputy head of the Egyptian Society for the Study of Finance and Investment, said the clashes outside the presidential palace urged investors, particularly foreigners, to liquidate parts of their portfolios out of fear the situation would deteriorate.

Mahmoud Abdel Rahman, investment director at Premiere Company, said foreign institutions went for sale transactions. He expected that the market would continue to be affected by the ongoing political turmoil.

Abdel Rahman said that many securities’ companies asked the exchange to suspend work, worrying that the unrest could push the stock market to collapse.

The recorded transactions of Arab and foreign investors reached LE21.7 million and LE8.5 million respectively on Thursday, while the purchases of Egyptians were worth about LE30.3 million.

Edited translation from Al-Masry Al-Youm

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Stock indexes jumped collectively Tuesday after an intense round of purchases by foreign and Arab investors, despite the “Final Warning” marches planned to the presidential palace to reject the constitutional declaration and the draft constitution.

The main index EGX30, which tracks the performance of the top 30 companies, rose by 3.4 percent gaining 167 points and stopping at 4,991 points, prompted by transactions valued at LE380 million.

The index EGX70 consisting of small- and medium-sized shares rose by 2.7 percent, while the EGX100 rose by 3.1 percent.

The color green covered the trading screens again, as 143 securities rose and only 13 went down.

The market capitalization gained LE8 billion, making LE347.4 billion, compared to LE339.4 billion Monday.

Chair of the Egyptian Exchange Mohamed Omran said on the sidelines of the African Stock Exchanges Association Conference, held Tuesday in Cairo, that the stock market, like any financial institution, responds quickly to the events around it, regardless of whether the response is positive or negative.

Mahmoud Abdel Rahman, Premiere Company head, attributed the stock market boost to purchases by institutions, especially foreign and Arab ones, that wanted to seize the opportunity of the sharp decline in stock prices and the offers made by individual investors in the market.

Abdel Rahman added that the stock market completely disregarded the “Final Warning” marches.

Edited translation from Al-Masry Al-Youm

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Egyptian stock market indices rose during Sunday trading, after the Supreme Constitutional Court canceled a session to consider the legality of the Shura Council and Constituent Assembly.

The EGX 30 Index rose by 1.8 percent, gaining 86 points to reach 4,894. The total value of trading reached LE200.4 million.

Sunday’s gains recouped about LE4 million of last week’s total loss of LE33.7 billion, due to the political unrest following President Mohamed Morsy’s issuing of a constitutional declaration on 22 November.

Mahmoud Abdel Rahman, head of investment at a securities trading company, said the SCC’s postponement relatively calmed investors’ fears over the heated political scene.

Political incidents still control investors’ actions, Abdel Rahman said, referring to their anxiety over continued protests in support and opposition of the declaration.

Despite the recent drop, foreign investors bought relatively high numbers of shares, and sales from Arabs and Egyptians were up, he added.

Edited translation from Al-Masry Al-Youm

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The South Cairo Court has declared a strike in protest against President Mohamed Morsy’s constitutional declaration issued Thursday, when the president sidestepped the judiciary to dismiss Prosecutor General Abdel Meguid Mahmoud and granted the Constituent Assembly and the Shura Council immunity from any judicial rulings.

The decision to suspend work in all South Cairo courts was made by the general assembly of first instance judges. Court head Hani Abdel Rahman said that a quorum of the court’s general assembly was achieved with the presence of 190 judges.

All court work will be suspended with the exception of cases where defendants are in prison while they await trial, urgent matters, the implementation of court rules and family court cases regarding money and inheritance.

Committees will be formed to deal with urgent matters during the strike.

Abdel Rahman said that the court also agreed that the judges would only return to work if the constitutional declaration was completely abolished.

The judge also denied claims that members of the Supreme Judicial Council had gone to the presidential palace to meet with Morsy. The president must visit the judges in their work place, Abdel Rahman said.

The South Cairo judges will join East Cairo prosecutors, who continued their strike for the second day on Monday.

Edited translation from Al-Masry Al-Youm

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A military delegation is set to meet with Qursaya residents Monday in an attempt to resolve the conflict that erupted this weekend over ownership of the island, Giza Governor Ali Abdel Rahman said.

Two people were killed and several others, including soldiers, were injured Sunday after local residents refused to evacuate the island, claiming the land belonged to them.

Soldiers had turned the Bahr al-Azam Street into a bunker while deployed in the area, but residents reclaimed the street after the forces left.

Army spokesperson Ahmed Mohamed Ali claimed in a statement that the Armed Forces are registered at the notary as the owner of the land.

Abdel Rahman said the situation would return to normal soon, saying the Armed Forces would never intentionally harm any citizen.

Meanwhile, Giza security chief Ahmed Salem al-Naghy met with Qursaya residents Sunday. The two sides agreed to reopen Bahr al-Azam Street after residents had blocked it in protest.

Edited translation from Al-Masry Al-Youm

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A military delegation is set to meet with Qursaya residents Monday in an attempt to resolve the conflict that erupted this weekend over ownership of the island, Giza Governor Ali Abdel Rahman said.

Two people were killed and several others, including soldiers, were injured Sunday after local residents refused to evacuate the island, claiming the land belonged to them.

Soldiers had turned the Bahr al-Azam Street into a bunker while deployed in the area, but residents reclaimed the street after the forces left.

Army spokesperson Ahmed Mohamed Ali claimed in a statement that the Armed Forces are registered at the notary as the owner of the land.

Abdel Rahman said the situation would return to normal soon, saying the Armed Forces would never intentionally harm any citizen.

Meanwhile, Giza security chief Ahmed Salem al-Naghy met with Qursaya residents Sunday. The two sides agreed to reopen Bahr al-Azam Street after residents had blocked it in protest.

Edited translation from Al-Masry Al-Youm

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Dozens of Sharia Students members marching from Asad Ibn al-Forat Mosque in Dokki arrived in Tahrir Square after the Friday prayers to join today's Islamist-led protests in support of Sharia.

The protesters chanted "Islam is coming," "The people want to apply God's Law," and "[Egypt is] Islamic in spite of the (constituent) assembly and seculars."

They raised banners reading their demands and white and black flags that read "No God but Allah." Some also held Egyptian and Saudi Arabian flags.

Altercations between the protesters and anti-Muslim Brotherhood passersby broke out on Mohamed Mahmoud street, when some observers began chanting against the Muslim Brotherhood and President Mohamed Morsy.

The protesters asked their opponents to leave the street following the quarrel.

Thousands began gathering in Tahrir earlier this morning morning to demand a stricter application of Sharia in the new constitution, as well as the dismissal of the prosecutor general. Some are also calling on Morsy to push for the US to release Sheikh Omar Abdel Rahman, known as the blind sheikh.

Protesters in the square chanted: "Islam is coming under the rule of Qur'an," "No God but Allah, I want God's Law," "[Egypt is] Islamic, in spite of seculars," "Leave Abdel Meguid (the prosecutor general), we want a firmer prosecutor," "Oh lying media, God's Law is not terrorism," and "No retreat, no surrender, until the prosecutor general leaves."

Members of Jama’a al-Islamiya’s Construction and Development Party blocked entrances to Tahrir from Qasr al-Aini and Mohamed Mahmoud streets with iron bars.

Jama’a al-Islamiya leader Safwat Abdel Ghany told Al-Masry Al-Youm that Morsy should call for the application of Sharia as a representative of the Islamist parties and the revolution. Morsy must not allow liberal and secular forces to determine the fate of Sharia, he argued.

Members of the Ansar al-Sunnah and Sharia Students movements set up a stage on the Qasr al-Nil Bridge, hanging banners reading “Bread, freedom, Islamic Sharia” and “God’s Sharia is security, God’s Sharia is happiness and serenity.”

Sheikh Omar Abdel Rahman’s family set up a symbolic stage on the pavement opposite the Egyptian Museum, raising banners calling on Morsy to fight for Abdel Rahman's release from prison in the US.

Some protesters formed human chains in the streets surrounding Tahrir, while others marched around downtown holding banners declaring their demands. Azhar students participated in the protest as well, carrying banners that demanded applying Sharia and the dismissal of the prosecutor general.

The protesters also began collecting signatures in the square for a petition demanding the application in Sharia in the constitution, distributing a statement reading: "I , the undersigned, accept adding a second clause to Article 2 stating that Sharia is the origin of the Constitution and that no article should overcome or contradict it."

The campaign was welcomed by participating Islamist movements.

Edited translation from Al-Masry Al-Youm

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Thousands of protesters began gathering in Tahrir Square on Friday morning to demand a stricter application of Sharia in the new constitution, as well as the dismissal of the prosecutor general. Some are also calling on President Mohamed Morsy to push for the US to release Sheikh Omar Abdel Rahman, known as the blind sheikh.

Protesters chanted: "Islam is coming under the rule of Qur'an," "No God but Allah, I want God's Law," "[Egypt is] Islamic, in spite of seculars," "Leave Abdel Meguid (the prosecutor general), we want a firmer prosecutor," "Oh lying media, God's Law is not terrorism," and "No retreat, no surrender, until the prosecutor general leaves."

Members of Jama’a al-Islamiya’s Construction and Development Party blocked entrances to Tahrir from Qasr al-Aini and Mohamed Mahmoud streets with iron bars.

Jama’a al-Islamiya leader Safwat Abdel Ghany told Al-Masry Al-Youm that Morsy should call for the application of Sharia as a representative of the Islamist parties and the revolution. Morsy must not allow liberal and secular forces to determine the fate of Sharia, he argued.

Members of the Ansar al-Sunnah and Sharia Students movements set up a stage on the Qasr al-Nil Bridge, hanging banners reading “Bread, freedom, Islamic Sharia” and “God’s Sharia is security, God’s Sharia is happiness and serenity.”

Sheikh Omar Abdel Rahman’s family set up a symbolic stage on the pavement opposite the Egyptian Museum, raising banners calling on Morsy to fight for Abdel Rahman's release from prison in the US.

Some protesters formed human chains in the streets surrounding Tahrir, while others marched around downtown holding banners declaring their demands. Azhar students participated in the protest as well, carrying banners that demanded applying Sharia and the dismissal of the prosecutor general.

The protesters also began collecting signatures in the square for a petition demanding the application in Sharia in the constitution, distributing a statement reading: "I , the undersigned, accept adding a second clause to Article 2 stating that Sharia is the origin of the Constitution and that no article should overcome or contradict it."

The campaign was welcomed by participating Islamist movements.

Edited translation from Al-Masry Al-Youm

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