Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Egypt - Sabbahi fears return to autocracy   Join our daily free Newsletter

MENAFN - Arab Times - 25/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Egypt's military-installed government resigned en masse Monday in a surprise move ahead of a presidential poll likely to bring defence minister and army chief Abdel Fattah al-Sisi to power. A limited reshuffle to allow Sisi to step down as defence minister and enter elections had been expected, but the en masse resignations led by the increasingly unpopular prime minister Hazem al-Beblawi surprised even some in the cabinet



Appointed in July after the military ousted Islamist president Mohamed Morsi, Beblawi's government came under pressure to step aside amid a worsening economy and a spate of militant attacks and labour strikes



The resignations might lead to a new cabinet without the baggage of Beblawi's government ahead of Sisi's expected run in the presidential election this spring. Sisi, who emerged as the country's most popular political figure after ending Morsi's divisive one-year rule, has not yet announced his candidacy, but aides say he has already decided to run and will make the announcement soon. The field marshal, who is the defence minister and first deputy prime minister in the outgoing cabinet, has to resign from the government and the army before he can officially announce his candidacy. Beblawi defended the government's performance in an address announcing the resignations. "The government assumed its responsibilities and duties... the government did not spare any efforts to get Egypt out of a bad phase," Beblawi said in reference to the security and economic problems. "This is not the time for personal interests.



The nation is above everybody." The cabinet said in a statement it resigned "in light of the current situation that the country is going through." The mass resignations could have been triggered by the pressure on Beblawi himself to step down. "If the prime minister resigns, then the whole cabinet resigns," Mustapha Kamel al-Sayyid, a political science professor at Cairo University, said. The resignations could also work in Sisi's favour, he added. "If Field Marshal Sisi decides to run, he would like to run with a government that has a good reputation and can help him by resolving some of the urgent problems faced by the people." Beblawi said his government would remain in a caretaker role until the interim president signs off on the resignations, the official MENA news agency reported. Government spokesman Hany Saleh told AFP that Monday's decision was taken because there was a "feeling that new blood is needed." The government's resignation came as Hamdeen Sabbahi, a prominent candidate for the election, told AFP he fears a return to autocracy in Egypt three years after its Arab Spring uprising.



While his chances of winning against Sisi are seen as slim, Sabbahi said he was urged to run by the young people who led the 2011 uprising that toppled longtime president Hosni Mubarak. They "feel that their revolution was being stolen... as their comrades were being jailed and some killed before their eyes," he said in an interview. In the more than seven months since Morsi's overthrow, Egypt has been battered by protests and militant attacks that have damaged its vital tourism industry and scared off investors. Beblawi's government has announced two stimulus packages funded by Arab Gulf states but still faces accusations of incompetence, even by many Sisi supporters




 


Arab Times




  MENA News Headlines
 Jan 25 2015 - Oman's Suez subsidiary signs USD37m landfill contractMENAFN
(MENAFN) Suez Environment via its local subsidiary Sita Al Basheer has won a contract to design, build and operate the expansion of the landfill site for five years. The total amount of the contract ...

 Jan 25 2015 - Saudi- Kingdoms economy expected to expand 3.22 this yearArab News
(MENAFN - Arab News) DUBAI: Cheap oil will slow growth in most Gulf Arab economies this year but heavy spending by governments and healthy private sector activity will prevent any serious slump a ...

 Jan 25 2015 - Egypt awards USD112.04m contract for rail systemMENAFN
(MENAFN) Egyptian National Railways (ENR) said that it has awarded Alstom a USD112.04 million contract for the supplying of signaling equipment for the Beni Suef-Asyut line in Egypt, as well as its ...

 Jan 25 2015 - UAE's inflation hits 6-year high in DecemberMENAFN
(MENAFN) According to the figures released by the United Arab Emirates National Bureau of Statistics, the increase by more than 5 percent in the housing and utility costs led the UAE's inflation rate ...

 Jan 25 2015 - Dubai's Drake & Scull unit wins USD49m contractMENAFN
(MENAFN) Dubai's Drake & Scull International (DSI) said that one of its subsidies won a USD49 million engineering contract in the emirate, Gulf Business reported.Under the signed contract, the ...

 Jan 25 2015 - Dubai's Deyaar net profit down 43 percent in Q4MENAFN
(MENNAFN) Dubai's Deyaar Development said that it has registered a decline by 43 percent in its net profit during the October-December period of 2014, Gulf Business reported.During the fourth quarter ...

 Jan 25 2015 - Renault's GCC sales up 44 percent in 2014MENAFN
(MENAFN) Renault announced that it has registered a 44 percent increase in its sales within the region during 2014, which led by Dubai resulted in the manufacturer selling 23.626 vehicles, Emirates ...

 Jan 25 2015 - Sharjah firm to build solar power plantMENAFN
(MENAFN) Bee'ah, a Sharjah-based waste management company, announced that it is planning to build a solar power plant in the emirate with a capacity to generate more than 20 megawatts, Emirates 24/7 ...

 Jan 25 2015 - Bahraini JBG invest USD2.44m on expansion in GCCMENAFN
(MENAFN) Bahrain-based Jawad Business Group (JBG) announced that it was planning to expand its business in the UAE and the GCC by opening 10 new stores this year, with an investment of over USD2.44 ...

 Jan 25 2015 - Dubai Arabtec wins USD152m contractsMENAFN
(MENAFN) Dubai's Arabtec Holding announced that it has won two contracts in Abu Dhabi, through its Target Engineering unit, with the contracts having a combined value of USD152.5 million, Emirates ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help