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Egypt Unrest - 2011
Topic Started: Jan 28 2011, 11:00 AM (10,705 Views)
shure
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http://www.youtube.com/watch?v=Rgtf7WYae2w


Egypt's Mubarak Likely to Retain Vast Wealth
Mubarak Family May Have as Much as $70 Billion Stashed Away, Experts Estimate
By SUSANNA KIM Feb. 2, 2011
http://abcnews.go.com/Business/egypt-mubarak-family-accumulated-wealth-days-military/story?id=12821073&page=1

President Hosni Mubarak's power may have visibly crumbled before the world on Jan. 25 when protesters took to the streets of Cairo, but his personal wealth will likely be intact when he leaves office as pledged at the end of the year, or sooner if the crowds have their way.

Experts say the wealth of the Mubarak family was built largely from military contracts during his days as an air force officer. He eventually diversified his investments through his family when he became president in 1981. The family's net worth ranges from $40 billion to $70 billion, by some estimates.

Amaney Jamal, a political science professor at Princeton, said those estimates are comparable with the vast wealth of leaders in other Gulf countries.

"The business ventures from his military and government service accumulated to his personal wealth," said Jamal. "There was a lot of corruption in this regime and stifling of public resources for personal gain."

Jamal said that Mubarak's assets are most likely in banks outside of Egypt, possibly in the United Kingdom and Switzerland.

"This is the pattern of other Middle Eastern dictators so their wealth will not be taken during a transition, she said. "These leaders plan on this."

Mubarak, his wife and two sons were able to also accumulate wealth through a number of business partnerships with foreigners, said Christopher Davidson, professor of Middle East Politics at Durham University in England. He said Egyptian law requires that foreigners give a local business partner a 51 percent stake in most ventures.

Aladdin Elaasar, author of "The Last Pharaoh: Mubarak and the Uncertain Future of Egypt in the Obama Age," said the Mubaraks own several residences in Egypt, some inherited from previous presidents and the monarchy, and others he has built.

"He had a very lavish lifestyle with many homes around the country," said Elaasar, who estimates the family's wealth is between $50 billion to $70 billion.

Gross national income is $2,070 per family in Egypt, according to the World Bank. About 20 percent of the population lives below the poverty line, according to a 2010 report by the CIA.

"Gamal and Alaa are partners in the biggest trade and industrial companies in Egypt, practically paying nothing," Elaasar wrote in his book of Mubarak's two sons. Elaasar said the sons have shares in Chili's restaurants, Hyundai and Skoda auto dealerships, Vodafone, and several luxury hotel and residential properties.

Mansour Amer, chairman of Amer Group Holdings and franchisee of 19 Chili's restaurants in Egypt, denied any relation to Mubarak's family.

"We have nothing to do with any political figure," said Amer. "We are very well known in our community and we have no ties to them."

Dina Ghabbour, chief strategic officer of GB Auto, owner of the Hyundai dealership in Cairo, said the Mubaraks do not own any shares in the company.

The Mubarak family owns properties in London, Paris, Madrid, Dubai, Washington, D.C., New York and Frankfurt, according to a report from IHS Global Insight.

Davidson said the family's net worth, however -- $17 billion for Mubarak, $10 billion for his second son, Gamal, and $40 billion for the family -- are really just estimates.

"Of course, by definition, bank accounts in Switzerland are a secret so we cannot get a full picture," said Davidson.

Robert Springborg, a professor at the Naval Postgraduate School and a Middle East scholar, said while the family is very wealthy, they have not been extremely overt with their wealth.

"One of the sons has a nice apartment in Cairo but nothing hugely lavish," said Springborg. "There are many other people in Egypt who live a more lavish lifestyle than them."

Whatever Mubarak's wealth is, Jamal said it is certain that whenever the president actually leaves office, there will be an investigation into his assets.

"There's not much of a cover-up," she said. "The people have already outed him as a corrupt leader."







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A Storm is Coming

Top Egyptian Ruling Party Leadership Quits

http://www.voanews.com/english/news/Egypt-Makes-Political-Moves-as-Protests-Continue-115370139.html

Edited by A Storm is Coming, Feb 5 2011, 03:45 PM.
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A Storm is Coming

Egypt: Secretary of State Clinton warns of 'perfect storm'

http://www.csmonitor.com/USA/Foreign-Policy/2011/0205/Egypt-Secretary-of-State-Clinton-warns-of-perfect-storm

Now where have I heard that before?

:blink:

Edited by A Storm is Coming, Feb 5 2011, 03:52 PM.
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shure
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http://www.youtube.com/watch?v=18GwATPKyIE

Photos and videos from Tunisia and Egypt in January and February 2011 of protesters in Tunisia seeking Ben Ali ouster and Egyptian protesters seeking Mubarak resignation in central Cairo.
Music from Asian Dub Foundation, "History of now"

The Egyptian capital Cairo was the scene of violent chaos on Friday, when tens of thousands of anti-government protesters stoned and confronted police, who fired back with rubber bullets, tear gas and water cannons. It was a major escalation in what was already the biggest challenge to authoritarian President Hosni Mubarak's 30 year-rule. They are demanding Mubarak's ouster and venting their rage at years of government neglect of rampant poverty, unemployment and rising food prices...






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Cheney Calls Mubarak a Good Friend, U.S. Ally
Published February 06, 2011 | Associated Press
http://www.foxnews.com/politics/2011/02/06/cheney-calls-mubarak-good-friend-ally/

Posted Image
AP Feb. 5: Former Vice President Dick Cheney speaks guests at the Reagan Ranch Center in Santa Barbara, Calif.

SANTA BARBARA, California -- Former Vice President Dick Cheney on Saturday called Egyptian President Hosni Mubarak a good friend and U.S. ally, and he urged the Obama administration to move cautiously as turmoil continued to shake that nation's government.

Cheney's comments came a day after President Obama pressed Mubarak to consider his legacy and exit office in a way that would give his country the best chance for peace and democracy.

Cheney said the U.S. should take measured steps in public, and suggested that too much pressure could backfire.

"There is a reason why a lot of diplomacy is conducted in secret. There are good reasons for there to be confidentiality in some of those communications. And I think President Mubarak needs to be treated as he deserved over the years, because he has been a good friend," Cheney said at an event commemorating the centennial of President Ronald Reagan's birth.

Cheney noted it can be difficult for some foreign leaders to act on U.S. advice "in a visible way" without appearing compromised in their own countries.

"The bottom line is, in the end, whatever comes next in Egypt is going to be determined by the people of Egypt," Cheney added.

Cheney, looking markedly thinner than during his days in Washington and sitting throughout his remarks, said Mubarak helped the U.S. get military aircraft into the region in the 1991 Gulf War, and committed troops to fight alongside U.S. forces in the liberation of Kuwait.

"He's been a good man, a good friend and ally to the United States," Cheney said. "We need to remember that."

As huge protests continued Friday, Obama said discussions have begun in Egypt on a turnover of the government, and he called for a "transition period that begins now."

"We want to see this moment of turmoil turned into a moment of opportunity," Obama said in Washington. He did not explicitly call for Mubarak to step down immediately, but U.S. officials said the administration has made a judgment that Mubarak has to go soon if the crisis is to end peacefully.

Asked about a possible outcome in Egypt, Cheney said, "I don't know."

"There comes a time for everybody when it's time to hang it up and move on," he said, but added, "That's a decision only the Egyptians can make."

Saturday's event was sponsored by the Young America's Foundation, which was founded to promote conservative ideas on college campuses and purchased Reagan's former ranch in 1998.

Sarah Palin addressed the group Friday.








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http://www.youtube.com/watch?v=QWUuWB-wOmw

Palestinian people take to the street in solidarity with the Egyptian Revolution. PA forces respond.

Lyrics translation:
All of us, one hand, are demanding one thing:
Leave! Leave! Leave!
Down, down with Hosni Mubarak..
Down, down with Hosni Mubarak..
...The people want to dismantle the regime..
The people want to dismantle the regime..
He is to go, we are not going..

http://www.youtube.com/watch?v=ahCwBBndlVY




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A Storm is Coming

Let me say it again if you missed it...

The Internet is down for the count

It works now only to find the troublemakers who demand Justice, Human Rights, Food, etc.

http://www.guardian.co.uk/world/2011/feb/09/egypt-army-detentions-torture-accused

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chrisbornag

A storm is coming
Feb 9 2011, 05:39 PM
The Internet is [was (in Egypt)] down...
Report: Egypt used Israeli technology to disable state's internet
Palestinian Information Center
February 9, 2011
http://www.uruknet.info/?p=m74800&hd=&size=1&l=e
Tags:
* COMPUTERS/INTERNET/SECURITY
* DICTATORSHIP
* EGYPT
* ISRAEL
* PROTESTS/REVOLUTION

OCCUPIED JERUSALEM, (PIC)-- Egypt used advanced Israeli technology to disable the internet across the nation during the first week of popular revolutionary protests that began January 25, the Israeli Yediot Ahronot newspaper said.

The ruling regime was forced to ask for Israeli technology experts to block the internet in order to curb the swelling of protests that eventually demanded the ouster of President Mubarak, Ynet reported Wednesday.

The Nyrus software company designed a highly sophisticated program used to cripple the country's internet access, a leading communications source in Israel said.

The company has a deep track record of providing special technologies to the largest government internet supplier in Egypt and has also served telecom companies in Saudi Arabia and Pakistan. It specializes in the production of giant computers used by intelligence agencies across the world for purposes including eavesdropping on phone calls, monitoring voice communications over the net, recording internet activities, restoring emails and disabling the web in any country when needed.

////////////////////////////////

Note: The cynicism of those techno-bastards of Israel has no limits. They are using their "success" on blocking the Internet in Egypt to promote their evil gadgets of injustice.




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Egypt's Mubarak to step down, sources say
NBC News is told VP will take over; protesters fear a military coup
NBC, msnbc.com and news services
updated 18 minutes ago 2011-02-10T16:43:35
http://www.msnbc.msn.com/id/41506482/ns/world_news-mideast/n_africa/

Posted Image


CAIRO — Egypt's President Hosni Mubarak is to step down Thursday night, two sources told NBC News, as widespread protests against his 30-year rule continue to grip the country.

Following an all-day meeting of the country's supreme military council, the army said all of the protesters' demands would be met and that a further statement was due to be made later Thursday that would clarify the situation.

NBC News reported that a high-ranking source inside the president's office said Mubarak would step down and the newly appointed vice president, Omar Suleiman, would take over. This was then confirmed by a second source.

The news came following repeated warnings by members of the regime of a military crackdown or coup.

Some pro-democracy protesters reacted cautiously, saying they would only believe Mubarak was really resigning when he announces it on state television.






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Iran's Media, Reported that Mubarak already left the country.

FOX News reported Mubarak already taped a public speech last night, but will NOT be stepping down as President today (or tonight).


terorismwatch‎ terrorism watch Egypt awaits Hosni Mubarak address: Protesters in Cairo, who have demanded Ho... ... terrorismwatch.org
Mubarak expected to resign: Egypt awaits address; Panetta says ...‎ - kwgn.com

Twitter - seconds ago
Hardcore888‎ Mubarak about to step down: Live Stream - Watch Now - Al Jazeera English: ... via @
Al Jazeera English: Live Stream - Watch Now - Al Jazeera English‎ - aljazeera.net

Twitter - seconds ago
ReporterRachel‎ LIVE STREAM - watch history in the making as Mubarak addresses the Egyptian people
3 News Live Stream - 3 News - Live Stream - Video - 3 News‎ - 3news.co.nz

Twitter - seconds ago
‎ Reporter Emilie Ritter‎ Situation unfolding in Egypt, NPR special programming waiting for Mubarak statement. Listen live here:
MTPR.org live stream‎ - mtpr.org

Facebook - seconds ago
ihenpecked‎ Reuters issues a new report quoting Information Minister Anas el Fekky as saying Mubarak "is definitely not going to step down."
Twitter - 2
2 seconds ago

kandy20x‎ Mubarak tipped to stand down #australia
Mubarak tipped to stand down - ABC News (Australian Broadcasting ...‎ - abc.net.au
Twitter - 4
4 seconds ago

SamOfChanaLinux‎ RT @HuffingtonPost: BREAKING: Mubarak will step down, hand power to military tonight - Reuters #Egypt #jan25
Mubarak To Resign? Egypt's President Will Reportedly Hand Over Power‎ - huffingtonpost.com
Twitter - 5
5 seconds ago

ABC11_WTVD‎ Egypt army takes charge, Mubarak to address nation
Egypt army takes charge, Mubarak to address nation | abc11.com‎ - go.com
Twitter - 76
1 minute ago





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Al-Arabiya: Mubarak, family arrive in Sharm el-Sheikh
Published: 02.11.11, 15:41

Posted Image

Al-Arabiya television reported on Friday that President Hosni Mubarak and his family had left Cairo from a military airbase in the suburbs and may have gone to the Red Sea resort of Sharm el-Sheikh.


It did not give a source for the series of reports on the movement of the president and his family. It said the report that Mubarak had gone to Sharm el-Sheikh was "unconfirmed". (Reuters)
http://www.haaretz.com/news/international/report-mubarak-family-leave-cairo-amid-persisting-unrest-1.342792




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Egypt's Mubarak quits under protest pressure
'This is the greatest day of my life': Mohammed ElBaradei
Last Updated: Friday, February 11, 2011 | 12:39 PM ET
http://www.cbc.ca/world/story/2011/02/11/egypt-mubarak-future.html

Headline should read "Mubarak flees Egypt with estimated 70 Billion dollars"
Watch video here

Posted Image
Egyptian President Hosni Mubarak resigned Friday on the 18th day of anti-government protests. (Jason Reed/Reuters)


Egyptian President Hosni Mubarak has resigned and handed over power to the military, yielding to a historic 18-day wave of pro-democracy demonstrations by hundreds of thousands of Eqyptians who wanted him to step down.


The terse announcement was made live on state TV by a grim Vice-President Omar Suleiman at about 6 p.m. local time Friday.

"In the name of God the merciful, the compassionate, citizens, during these very difficult circumstances Egypt is going through, President Hosni Mubarak has decided to step down from the office of president of the republic and has charged the high council of the armed forces to administer the affairs of the country," Suleiman said in a five-minute address translated into English. "May God help everybody."

Several hundred thousand protesters packed into Cairo's central Tahrir Square screamed for joy, waving Egyptian flags, blowing car horns, jumping up and down and chanting slogans such as: "Egypt is free!," "God is great," "The people have brought down the regime."

The protesters had deluged squares in at least three major cities Friday, and marched on presidential palaces and the state TV building, key symbols of the authoritarian regime.


It was the biggest day of protests yet in the upheaval that began Jan. 25, growing from youth activists working on the Internet into a mass movement that tapped into widespread discontent with Mubarak's authoritarian lock on power, corruption, economic woes and widespread disparities between rich and poor.

The Egyptian military issued a statement Friday pledging to implement a series of constitutional reforms, and alluding to the delegation of power to Suleiman.

Ahead of Friday's announcement, Mubarak had flown to his palace in the Red Sea resort of Sharm el-Sheikh where he often lives and works during the winter. The resort is about 400 kilometres outside of Cairo.

Posted Image
Egypt's Vice-President Omar Suleiman addressed the nation on television Friday, announcing that President Hosni Mubarak had resigned and handed power to the army. (Egyptian State TV/Reuters)


The announcement that Mubark would resign came a day after he sought to cling to power, handing some of his authorities to Suleiman while keeping his title, in an apparent move to appease protesters.

Nobel Peace laureate Mohammed ElBaradei, whose young supporters were among the organizers of the protest movement, told The Associated Press, "This is the greatest day of my life."

"The country has been liberated after decades of repression," he said, adding that he expects a "beautiful" transition of power.





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Swiss Government Freezes Mubarak’s Assets
By Samuel Rubenfeld February 11, 2011, 4:45 PM ET.
http://blogs.wsj.com/corruption-currents/2011/02/11/swiss-government-freezes-mubaraks-assets/

Posted Image
Egyptians celebrate in Tahrir Square after President Hosni Mubarak resigned and handed power to the military in Cairo, Egypt, on Friday, Feb. 11, 2011.


The Swiss foreign ministry said in a statement its federal council ordered a freeze of any assets believed to be in the name of ousted Egyptian president Hosni Mubarak, who resigned earlier Friday after 18 days of massive protests.

The order lasts for three years, according to the statement. It also bans the sale or disposal of any assets such as real estate during that time period.

“Any assets of the former Egyptian President Mubarak and parties close to him that may be located in Switzerland have been frozen with immediate effect,” the statement says. “In this way the Federal Council is taking all the measures required to avoid any misappropriation of government assets.”

A ministry spokesman declined to tell the Wall Street Journal how much money was involved, or name the banks holding the money. Estimates of the measure of Mubarak’s wealth are largely speculative, with The Guardian pegging it at as much as $70 billion in a recent story.

Global Financial Integrity, a Washington, D.C.-based group that tracks illicit financial flows, said two weeks ago in a statement that more than $57 billion left the country between 2000 and 2008.

Switzerland, long known as a place to park illicit assets because of its bank secrecy laws, passed a law in October tightening its money-laundering rules and making it easier to help repatriate stolen assets.

At the end of January, the Swiss committed to freezing any assets of ousted Tunisian president Zine al-Abidine Ben Ali, who also fled his country amid popular revolt.






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Tahrir protest - Jan25 2012 flicker pics

Posted Image

Posted Image

http://www.flickr.com/photos/drumzo/sets/72157629023270077/detail/



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shure
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Thats not a very good sign.
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