Parliament to submit report on violations against Egyptian expats to OHCHR

FILE - 18-year-old Egyptian student Mariam Moustafa who was beaten to death by a girl gang in BritianCAIRO – 22 March 2018: The Egyptian Parliament's Human Rights Committee will prepare a report, including all the violations committed against Egyptian expatriates to submit it to the High Commissioner for Human Rights (OHCHR), according to Deputy Chairman of Human Rights Committee Margaret Azer.Azer said that the committee will hold a discussion with the European Parliament and other international forums about Mariam Moustafa, who had been assaulted in the street in Nottingham, UK, referring that the medical negligence, of which Moustafa was a victim, further points out that the assault was racially motivated.In the same context, Parliament members expressed their anger towards the statements of Nottinghamshire Police Force, which declared that “the assault was not racially motivated.”Azer stressed that the Parliament will not abandon Moustafa’s case and will continue to follow up the case until justice is served.President of the Egyptian Association for the Assistance of Juveniles and Human Rights Mahmoud al-Badawi explained that Egyptian authorities will follow up the investigations as the UK is known for its misleading investigations, like what happened with the cases of Soad Hosny and Ashraf Marwan.Egypt’s Attorney General Nabil Sadek has ordered an official copy of the death investigations of 18-year-old Egyptian student Moustafa.A state of anger waved across the Egyptian Parliament following the murder of 18-year-old student Moustafa.In late February, Moustafa, an engineering student based in Nottingham, UK, was brutally beaten by 10 British women of African descent.Parliament members and committees adopted a number of urgent procedures to get a proper closure on this case and ensure justice is served.Dalia Youssef, member of the Egyptian Parliament Foreign Relations Committee and head of Egyptian-British Parliamentary Friendship Association, affirmed that members of the association are closely following up the case.On another note, MP Tarek al-Khouly, a member of the Parliament’s International Relations Committee, issued an urgent statement regarding Mariam’s death to the ministries of interior and justice.Khouly demanded that the British authorities provide a copy of all the investigations, as well as all the procedures that were taken.

Source:Egypt Today

March 22, 2018 15:00 UTC

Observer: Qatar terror list will not end boycott

Qatar's Emir Sheikh Tamim bin Hamad al-Thani: "We do not fear the boycott of these countries against us, we are a thousand times better off without them" - AFP/Qatar News AgencyCAIRO – 22 March 2018: In the wake of the Qatari Ministry of Interior’s announcement of placing 19 individuals and eight entities on the terror list, many wonder whether this action would affect the Arab Quartet’s stance toward the boycott.The National Anti-Terrorism Committee (NATC) in the Qatari Ministry of Interior announced on Thursday placing 11 Qataris, four Egyptians, two Jordanians and two Saudi Arabians on the terror list.Observers and political analysts believe that Qatar has always issued fake news and procrastinated on ceasing any funding terrorism or support for terrorist organizations.“Based on our experience with Qatar which refers to Qatar’s unclear stance, it always says one thing and does another. He claimed that Qatar is funding terrorist organizations upon U.S. instructions.Yet, Qatar, he added, has put these individuals and entities onto a terrorist list as a kind of attempt to attend the upcoming Arab Summit due in April.Arab countries pointed out that Qatar has procrastinated in submitting the terror list, which has been one of the demands.“Qatar confirms the evidence against it and that its support for extremism and terrorism is the core of its crisis,” UAE State Minister of Foreign Affairs Anwar Gargash posted on his Twitter account.Qatari Abdel Rahman Omair Rashd al-Nuaimi, placed by the U.S. Treasury on the sanctions list for terrorism-financing, has been placed on the Qatari terror list as well. According to the U.S. Treasury, Nuaimi supported al-Qaeda in Syria with large sums of money, and also financed al-Qaeda in Iraq in 2001.Designated individuals who carry the Qatari ID also include Saad bin Saad Mohammed al-Kaabi, Abdullatif bin Abdullah al-Kuwari, Ibrahim Eissa Al-Hajji Mohammed Al-Baker, Mubarak Mohammed al-Ajji, Khalid Saeed al-Bounein, Rachid Salem Rachid, Mohmmed Faysal Hamad Al-Suaidi, Mohammed Jaber Salim Meshaab, Abdullah Soliman Saad, Abdullah Shaker Shams Al-Deen Al-Shaibani.Saudi individuals include Ibrahim Mohamed Abdul Rahman Al-Bawardy, and Abdullah al-Muhaysini. Egyptian individuals are Dahi Mohamed Mostafa Senger, Ahmed Samir Al-Habib, Ahmed Eid Salem Al-Hegawi, Hassan Saad Shetewi, in addition to the Jordanian brothers Abd al-Malik and Ashraf Muhammad Yusuf Uthman.The Qatari list also included eight entities, including the Islamic State's Sinai Province in Egypt and Al-Ihsan Charitable Society in Yemen. Al-Ihsan is a charitable organization led allegedly by al-Qaeda in the Arabian Peninsula (AQAP) supporter Abdullah Mohammed al-Yazidi.The quartet has also placed nine entities in July on the terror list, including Rahma Charitable Organization, Tanasuh Foundation for Dawa, Culture and Media, Al-Saraya Media Center, the Benghazi Revolutionaries Shura Council, Boshra News Agency, Rafallah Sahati Brigade, and Nabaa TV in Libya.Since June 5, Egypt, Saudi Arabia, Bahrain and the United Arab Emirates have turned on Qatar with a complete air and trade boycott over allegations of its support of terrorism, which Doha repeatedly denies.

Source:Egypt Today

March 22, 2018 14:03 UTC

Gulf Banks raise interest rates following U.S. decision

FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015. REUTERS/Kevin Lamarque/File PhotoCAIRO – 22 March 2018: A number of Central banks in the Gulf raised the interest rates by 25 base points, following the decision of the U.S. Federal Reserve to increase the interest rates to 1.75 percent.Central Banks of Kuwait, United Arab Emirates and Bahrain raised their interest rates after the announcement of raising the rates in the United States of America, while Saudi Arabia raised its rates earlier due to expectations that the Fed would lift the rates.The Fed met the Saudi expectations and lifted its benchmark overnight lending rate by a quarter of a percentage point, from 1.50 percent to 1.75 percent, in its first policy meeting under new Fed chief Jerome Powell, with a forecast of two more hikes during 2018.Following the US Fed decision, the Central Bank of Kuwait raised its interest rates by the same percentage up to 3 percent from 2.75 percent.The Kuwaiti bank clarified that the rise of the interest rates will be applied starting Thursday March 22.In Bahrain, The Central Bank hiked its one-week deposits by a quarter point to 2 percent and the overnight deposits by 25 base points to reach 1.75 percent.For the one week deposits, the Bahraini bank upgraded the interest rates to 2.65 percent from 2.40 percent.Moreover, The United Arab Emirates lifted its benchmark rates; the repo rate was increased by 25 base points to 2 percent; the certificates of deposit rates were raised by the same amount.The Saudi Arabian Monetary Authority (SAMA) preceded U.S. and the Gulf countries in raising its interest rates; the authority decided on March 15 to raise its two key interest rates by 25 base points or 0.25 percent.The Saudi repo rate was increased to 225 base points or 2.25 percent, from 200 point and the reverse repo reached 175 points or 1.75 percent, from 150 base point.This is not the first time for the Gulf banks to follow the U.S. Fed decision of raising the interest rates.In June 2016, three central Gulf banks; the UAE, Saudi Arabia and Bahrain banks, announced, following the fed's decision, to lift their interest rates by a quarter percentage point.While the Central bank of Kuwait kept its interest rate at its levels.Generally, The U.S. Fed raised the interest rates in 2017 three times to end the year by a rate of 1.5 percent.Given, Oil exporters in the region such as Saudi Arabia and the United Arab Emirates, ties their currencies to the dollar under long-standing arrangements.The dollar index declined Thursday 0.3 percent to 89.396.

Source:Egypt Today

March 22, 2018 13:30 UTC

EGX ends week in red, market capitalization loses LE6.7B

FILE- Employees in the EGX following performance of the trading sessionCAIRO – 22 March 2018: The Egyptian Exchange (EGX) ended Thursday in red, amid Egyptian selling.The benchmark EGX30 declined 0.48 percent, or 82.54 points, to end at 17,064.58 points.The equally weighted index EGX50 slipped 0.41 percent, or 11.8 points, to reach 2877.77 points.While the small and mid-cap index EGX70 went down 0.29 percent, or 2.57 points, ending at 878.26 points. The broader index EGX100 edged down 0.43 percent, or 9.7 points, to close at 2251.61 points.Market capitalization lost LE 6.7 billion, recording LE 936.65 billion ($53.03 billion), compared to LE 970.37 billion in Wednesday’s session.The trading volume reached 542.36 million shares traded through 32,716 transactions with a turnover of LE 1.5 billion.Arab and foreign investors were net buyers at LE 2.16 million and LE 50.79 million, respectively, while Egyptian investors were net sellers at LE 52.95 million.Arab and foreign individuals were net sellers at LE 622,763 and LE 18.23 million, respectively, while Egyptian individuals were net buyers at LE 83.5 million.Arab and foreign organizations bought at LE 2.78 million and LE 69.03 million, respectively, while Egyptian organizations sold at LE 136.48 million.El Obour Real Estate Investment, Sharm Dreams Co. for Tourism Investment, and National Housing for Professional Syndicates were top gainers of the session by 8.19 percent, 8.18 percent, and 7.95 percent, respectively.While El Arabia for Land Reclamation, October Pharma, and Raya Contact Center were top losers of the session by 8.81 percent, 7.37 percent, and six percent, respectively.EGX ended Wednesday on a mixed note as EGX30 increased 0.19 percent, EGX50 rose 0.80 percent, while EGX70 went down 0.65 and EGX100 decreased 0.16 percent.

Source:Egypt Today

March 22, 2018 13:28 UTC

Qatar designates 19 individuals, 8 entities as terrorists

Flag of Qatar - Photo courtesy of Flacker Photo Creativeأصدرت وزارة الداخلية القطرية قائمة للإرهاب تضمنت 19 شخصاً و8 كيانات، وتضمنت القائمة 10 أشخاص ممن تم إدراجهم سابقاً في القوائم الثلاث التي أصدرتها دول المقاطعة. بعيدا عن المكابرة قطر تؤكد الأدلة ضدها وأن دعمها للتطرف والإرهاب جوهر أزمتها. أنور قرقاش (@AnwarGargash) March 22, 2018Arab Quartet adds 2 entities, 11 individuals to terror list CAIRO - 23 November 2017: The Arab Quartet consists of Egypt, Saudi Arabia, United Arab of Emirates and Bahrain- added two entities and 11 individuals to its terror list on Wednesday. CAIRO – 22 March 2018: Qatar placed 19 individuals and eight entities, including the Islamic State's (IS) "Sinai Province", on its terror list on Thursday.The National Anti-Terrorism Committee (NATC) in the Qatari Ministry of Interior announced the placement of 11 Qataris, four Egyptians, two Jordanians and two Saudi Arabians on the terror list.Qatari Abdel Rahman Omair Rashd al-Nuaimi, placed on the sanctions list by the U.S. Treasury for terrorism financing, has now also been placed on the Qatari list. The Jordanian individuals are brothers Abd al-Malik and Ashraf Muhammad Yusuf Uthman.The Qatari list also included eight entities, including the Islamic State's Sinai Province in Egypt and Al-Ihsan Charitable Society in Yemen.

Source:Egypt Today

March 22, 2018 11:37 UTC