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Egypt's Minister of Finance, Mursi Hijazi, said on Wednesday that Egypt is losing about 100 million pounds per day because of insecurity and political unrest.
"The losses are caused by various disruptions, such as the sit-ins, protests, cutting off roads and breaking in state institutions," The minister said as reported by the state-owned news agency.
In a press conference, the minister said that Egypt lost one billion pounds of tax revenues because of the unrest, he did not specify the time when the losses occured though.
The government has said earlier in February that the economy can only grow at a three percent rate during the fiscal year of 2012-2013 because of the political unrest.
The administration of President Mohamed Mursi faces difficulties in providing safety, stability, job opportunities and an attraction for tourists and foreign investments amid the political turmoil.
The Egyptian economy is struggling to recover from the impact of the relapse that followed the popular uprising that toppled the former President Hosni Mubarak two years ago.
Hijazi stressed that the government seeks achieving security and stability.
This content is from :Aswat Masriya
Les services de sécurité du Caire ont arrêté 3 hommes armés qui avaient attaqué et tiré sur les forces de la police dans les environs de l’hôtel Semiramis Intercontinental.
Les 3 malfrats étaient en possession de cartouches, d’armes blanches, de masques noirs et utilisaient une moto sans plaques d’immatriculation. 1 des malfrats était recherché pour d’autres délits et le 2ème avait déjà fait de la prison.
ألقت الأجهزة الأمنية بمديرية أمن القاهرة القبض على 3 مسلحين لقيامهم بالتعدى على قوات
The National Bank of Egypt (NBE) closed its 6 branches in Port Said for the second consecutive day after violence flares in the governorate, said Hazem Hegazy, head of retail nanking and branches group at NBE.
The bank decided to close its branches in Port Said for unidentified time till the turmoil eases, he added.
He revealed that the bank’s branches in Suez and Ismailia are open during the regular working hours under the bank’s intensified civil security protection and military security protection which guards Suez’s streets.
The bank has 261 branches spread across all governorates in Egypt as well as 72 outlets in hotels and air ports. The bank plans to launch 23 new branches in the current fiscal year mostly in Cairo and Alexandria.
There's little laughter inEgypt these days.
Once again, Mary Thornberry, a formerFort Worthwoman, is a witness to it all - the instability of the Egyptian government, increasing violence and protests in the streets. And she and others in the middle of the mayhem aren't finding much to smile at these days.
"Egyptians have always been known for their native ability to laugh at life," said Thornberry, who made international news in 2011 by defending herself during violent political protests inEgyptwith a rolling pin after being trapped in her apartment. "Now, no laughter.(...)
In Egypt, tensions are rising, protests are increasing and bloodshed is an increasingly familiar sight in the midst of political chaos - and officials have said they worry about everything from a civil war to the collapse of the country.
Thornberry, who moved toEgyptmore than 15 years ago to study ancient Egyptian history, said protests and violence are all around her and the tiny apartment she lives in nearTahrir SquareinCairo.
She is no stranger to violence.(....)
Now, she said, female sexual harassment in and near the square is rampant.
"One day, between 5 p.m. and 1 a.m., 19 cases were seen by an unofficial anti-harassment group," Thornberry said. "They were able to intervene in 15 of these. The incidents ranged from groping to rape.
"A female anchor for Sky Arabia was attacked and rescued by a group from a nearby cafe. She was taken to a hospital with bruises and a nervous breakdown," she said. "Some were bitten 'all over their bodies.' One lady had cuts on her genitalia. Where are the police?"
She described the side of the square where she lives as the Egyptian Museum side.
On the other side of the square is the structure that houses the American Embassy, government offices and offices charged with issuing passports and visas.
Much of the violence seen, protests held and general violence happens on the American Embassy side of the square.
But an increasing number of problems have been on Thornberry's side of the square as well.
One protester was shot earlier this week, and another was killed not far from her front door.
Recently, Thornberry got into an argument with a taxi driver that made her fear for her safety. Later, she said was groped on a microbus. "Me!" she exclaimed. "A 78 1/2-year-old female."She has for the most part stayed inside - other than to visit an Internet cafe and her neighborhood grocery store and to pick up her newspapers.
But she fears that more problems loom.
An armored police vehicle pushed the protesters back toward Omar Makram Mosque at the entry to Tahrir Square and security forces fired birdshot and tear gas, injuring some of the protesters.(...)
People on motorbikes took the wounded to ambulances stationed on Talaat Harb Street for treatment. The 6th October and Qasr al-Nil bridges as well as the Corniche were open to traffic Wednesday morning, while Tahrir Square remained closed.
InterContinental Hotels Group, the owner of the InterContinental Cairo Semiramis located on Simon Bolivar Square, said on Tuesday that it had transferred its guests to other hotels away from the site of clashes.
On Tuesday, the hotel had called for help on Twitter, saying thugs were attempting to storm its premises on the Corniche.
Sameh Sobhy, the hotel manager, said employees put out a fire that started on the first floor amid the violence. In statements to Al-Masry Al-Youm, Sobhy said the Interior Ministry should provide security services for hotels along the Corniche due to ongoing unrest in the area. He condemned the government's inability to prevent masked men from breaking into the hotel and vandalizing and stealing things.