Author Archives: Editor

Egypt readies for likely protests

Egyptian troops deployed yesterday in Cairo and other cities ahead of protests planned by the opposition later this week to demand that President Mohammed Morsi step down. Two people were killed and 90 wounded in street clashes between supporters and … read more

Egypt president defends 1st year in speech

Egypt’s Islamist president told his opponents to use elections not protests to try to change the government and said the military should focus on its role as the nation’s defenders in a nationally televised address on Wednesday, days before the … read more

Morsy supporters and opponents clash in Mansoura

Six people were injured, three shops destroyed, and four cars damaged in clashes in Mansoura between thousands of President Mohamed Morsy supporters belonging to Islamist movements and his opponents of the Tamarod campaign, the Popular Current, and the Constitution Party. … read more

Egypt updates

1. More than 50 armoured vehicles and tanks have arrived at the Media Production City (MPC) in Cairo to secure it ahead of protests. Military officials have indicated that the move is to ensure that media outlets are able to … read more

A View From The Currency Trading Desk

Sterling has recovered slightly against the USD after last week’s Federal Open Market Committee (FOMC) minutes caused GBP/USD to fall from 1.5670 Wednesday evening to 1.5345 yesterday morning. This was a move of over 2% and put GBP/USD back to … read more

Fuel shortages strike Egypt again ahead of protests

Long lines of fuel-hungry motorists have once more paralysed traffic in Egypt as yet another wave of fuel shortages hits the country. Though the lines have been a recurring feature of Egypt’s post-revolutionary landscape, the latest shortages have caused particular … read more