Showing posts with label Hosni Mubarak. Show all posts

Tuesday, February 15, 2011

Mubarak In Failing Health or Already Dead

Egypt's Mubarak in failing health: paper

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CAIRO | Tue Feb 15, 2011 10:15am EST

(Reuters) - The health of former Egyptian ruler Hosni Mubarak is deteriorating and he has refused to travel abroad for treatment, the Saudi-owned daily Asharq al-Awsat said on Tuesday.

A military source told Reuters Mubarak was "breathing" but would not give details about his status. Another Egyptian source with links to the family said he was not well but did not elaborate.

"What is certain is that his state of health is declining drastically, in addition there is information that he is refusing to receive the required medical treatment," Asharq al-Awsat said in its online edition, quoting a former security official affiliated to the Egyptian military high command.

The Higher Military Council took over the country after Mubarak resigned on Friday following over two weeks of massive protests against his 30-year rule.

The Asharq al-Awsat report said Mubarak, 82, had refused advice to travel to Germany for treatment. He underwent gallbladder surgery there last year, and since then rumors about his health have frequently surfaced.

"Mubarak is refusing this (travel abroad)," the paper said, quoting its source. "He has asked those around him to allow him to die in his country, and I believe this is just a matter of time."

Mubarak had said in his final speeches to the nation, while still hanging on to office, that he would die in Egypt.

Speculation has swirled about Mubarak's health, including some talk that he may have already died.

Arab diplomats, including one Egyptian, said on Tuesday they had not heard any news that Mubarak had died.

(Reporting by Andrew Hammond and Samia Nakhoul, Editing by Alistair Lyon)

http://www.reuters.com/article/2011/02/15/us-egypt-mubarak-health-idUSTRE71E3LI20110215?WT.tsrc=Social%20Media&WT.z_smid=twtr-reuters_%20com&WT.z_smid_dest=Twitter

Monday, February 14, 2011

Egypt Demonstrators Demand Better Pay and Conditions

Egypt's new era: Voices from Cairo protests over pay

14 February 2011 Last updated at 13:47 ETHelp

Fresh protests and strikes have flared in Egypt as demonstrators demand better pay and conditions from the country's new military rulers.

Bank, transport and tourism workers all demonstrated in Cairo after 18 days of protests succeeded in removing President Hosni Mubarak.

In a TV statement, the military urged all Egyptians to go back to work.

The BBC's Wyre Davies joined protesters on the streets of Cairo to find out more about their cause.

http://www.bbc.co.uk/news/world-middle-east-12459964?utm_source=twitterfeed&utm_medium=twitter

Friday, February 11, 2011

Financial Impact of Mubarak's Resignation...

11 February 2011 Last updated at 17:09 ET

Shares rally as Mubarak resigns

Egypt's strategic role has caused jitters in oil and stock markets

Egypt Unrest

Global markets have climbed and the price of oil fallen after Hosni Mubarak stepped down as Egypt's president.

There had been concerns that almost three weeks of anti-government protests could have spread across the region and added to market volatility.

But analysts said that Mr Mubarak's resignation had helped make Egypt's political future a little clearer, boosting investor sentiment.

Oil had been trading higher earlier in the day, but fell after the news broke.

'Jittery'

While not a major oil producer, Egypt plays a key role because it controls the Suez Canal, a major route for oil tankers and cargo ships.

Over the past three weeks, investors have been worried that unrest in Egypt could spread to nearby oil-producing nations, disrupting supplies.

US light sweet crude lost $1.12 (70p) to $85.61. In London, Brent crude fell 31 cents to $101.13. It had initially fallen further but pulled back.

However, Inenco energy analyst Zakir Lorgat said that there would continue to be volatility in the oil market.

"A power-vacuum now exists, so the oil markets will continue to be jittery until a decision is reached on what the Egyptian Government will look like going forward," said Inenco energy analyst Zakir Lorgat.

"The market will be worried about the risk of contagion within the region and whether the Egyptian example will create a domino effect . They will be looking to be reassured that the region will remain stable over the coming weeks and months."

On Wall Street, the Dow Jones iindex Dow rose 43.97 points, 0.4%, to 12,273.3, its highest close since June 2008. The Nasdaq index rose 0.7% to 2,809.4 points.

In London, the FTSE 100 shrugged off heavy losses to finish 0.7% higher at 6,062.9 points, while the key French and German markets also enjoyed late surges.

http://www.bbc.co.uk/news/business-12437194?utm_source=twitterfeed&utm_medium=twitter