| Egypt ranks number nine among the top 10 African countries attracting 70 percent of new foreign direct investment (FDI) proposals between 2003 and 2010 on Ernst & Young’s 2011 Africa Attractiveness Survey. |
| By ET staff |
| Palestinian rivals Hamas and Fatah sign an Egypt-brokered reconciliation deal in Cairo.Twelve people die and over 180 are wounded in sectarian clashes after conservative Muslims attack a church in the Imbaba area of Cairo. Egypt’s Interior Ministry announces its decision to grant citizenship to children with Palestinian fathers and Egyptian mothers. The announcement is hailed as a victory for women’s rights. A judge orders that ousted president Hosni Mubarak’s name be removed from all public institutions. Abdel Moneim Aboul Fotouh, a key reformist Muslim Brotherhood figure, announces he will run for presidency, and subsequently resigns from the Brotherhood after a dispute with the group over his independent bid. Egyptian Foreign Minister Nabil Al-Arabi is elected Arab League chief. 16 Former first lady Suzanne Mubarak agrees to turn over assets to the new government after she is detained for questioning. A Cairo court sentences a rank-and-file police officer to death after trying him in absentia for the killings of unarmed protesters during the Egyptian revolution. Former Housing Minister Ahmed El-Maghrabi is handed a five-year prison sentence on corruption charges. At a G8 Summit in France, US President Barack Obama promises Egypt $1 billion in loan guarantees and cancellation of $1 billion debt. French president Nicolas Sarkozy announces that the G8 will provide direct aid of up to $10 billion to Egypt and Tunisia. 28 Hundreds of Palestinians from the Gaza Strip enter Egypt as the border crossing is opened permanently for the first time in four years. A judge fines Mubarak, ex-PM Ahmed Nazif and former interior minister Habib El-Adly a total of LE 540 million for cutting cell phone and Internet services during the protests. A senior Egyptian general admits that “virginity checks” were indeed performed on women arrested at a demonstration in March. A group of under-21 football players from El Nasr Club head to the Football Federation to protest unfair dismissal of team members. The demonstrators allege that they have not received wages in four months and that the club is making little effort to keep the team together. The Supreme Administrative Court decides to peg local pharmaceutical drug prices at international rates. The decision is only to be enforced on new drugs and excludes over-the-counter medications. |
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