Former US president Jimmy Carter made a special visit to the Constituent Assembly’s headquarters in the Shura Council on Tuesday, where he met with the assembly head Hossam El-Gheriany.
GOVERNMENT & OPPOSITION
Governorate change may be imminent
‘Strong Egypt’ party formally launched
Controversial early closing hours for Egypt’s shops postponed: Minister
Egypt’s government will delay the enforcement of a ministerial decision to shut shops and restaurants early across the country, Local Development Minister Ahmed Zaki Abdeen told private Egyptian TV channel Al-Hayat, late Wednesday. The new government initiative, which was set to start Saturday, has been postponed "until further notice" as the internal regulations for implementing the decision have yet to be formulated, Abdeen affirmed. [Ahram Online, Egypt Independent, 11/1/2012]
COURTS & CONSTITUTION
Draft constitution meeting fails after five hours
Carter meets with constituent assembly head
Former US president Jimmy Carter made a special visit to the Constituent Assembly’s headquarters in the Shura Council on Tuesday, where he met with the assembly head Hossam El-Gheriany. Secretary General of the Constituent Assembly Amr Derag and head of the system of governance committee Gamal Gebril also attended the 40-minute-long meeting. Carter shared his concerns at the meeting about articles within the draft constitution that are intended to guarantee citizens rights and freedoms, enquiring about whether there is discrimination against women and Copts. [DNE, 10/31/2012]
El-Erian referred to misdemeanor court
Prosecutor General Abdel Meguid Mahmoud referred Essam El-Erian, vice president of the Muslim Brotherhood’s Freedom and Justice Party, to the misdemeanor court on charges of insulting TV anchor Gehan Mansour. Mansour accused El-Erian of insulting and accusing her of receiving foreign funds to attack the Muslim Brotherhood. [DNE, EGYNews (Arabic), 10/31/2012]
ECONOMY
Egypt negotiates 1.25-billion-euro loan from EBRD
Egypt pound weakens to near 8-year low as IMF talks resume
The Egyptian pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a $4.8 billion loan from the International Monetary Fund. Traders said that by letting the pound slip, the government seemed to be signalling to the IMF it is prepared to be flexible over the value of the currency, which many analysts say is substantially overvalued against the dollar. [Ahram Online, 11/1/2012]
Egypt to auction land for tourist developments: Minister
Egypt will auction sites covering 28 million square metres of land for tourist developments in the next 14 months to expand the vital industry, its tourism minister said. Hisham Zaazou is tasked with reviving a sector that accounted for 10 per cent of economic activity before the revolt that ousted President Hosni Mubarak last year drove away investors and tourists. [Reuters/Ahram Online, 11/1/2012]
Egypt’s Port Said to set wheat prices at global levels
Egypt’s coastal governorate Port Said will be a pilot case for separating wheat production and distribution, whereby the price of wheat will be determined according to international prices, to be revised every three months, the state-run daily newspaper Al-Ahram reported Wednesday. Ahmed Eissa, a member of the Freedom and Justice Party’s economic committee, stated that the new system will save about LE8 billion and provide 50,000 new job opportunities. He added that four other governorates will follow suit, should the pilot programme in Port Said prove successful. [Ahram Online, Egypt Independent,11/1/2012]
SOCIETY & MEDIA
Constituent Assembly opponents target Islamic identity, says Brotherhood
REGIONAL & INTERNATIONAL RELATIONS
US-Egypt relations strong but "no friendship without bumps": Patterson
UN envoy arrives in Egypt to discuss Syria
UN and Arab League envoy to Syria Lakhdar Brahimi arrived in Cairo Thursday for a two-day visit for talks with local officials. Brahimi is expected to meet with Arab League Chief Nabil al-Araby and a number of Egyptian officials to discuss the results of his visits to Russia and China, as well as developments in Syria after the failure of the truce he called for over Eid. [Egypt Independent, 11/1/2012]
Photo: Mohammed Omar