Mubarak-era figures named to head Egypt media watchdogs

April 13, 2017

Cairo, Apr 13: Egypt’s president has picked three former leaders at state news organizations during the era of deposed autocrat Hosni Mubarak to lead new media watchdog agencies, part of measures to tighten his control over the country following a pair of horrific Daesh church bombings last weekend.abdel

The move comes just days after President Abdel-Fattah El-Sisi publicly criticized media coverage of the deadly suicide bombings in the cities of Tanta and Alexandria north of Cairo, which killed at least 45 and injured scores. In televised comments just hours after the attacks, he said the media must keep the country’s national interests in mind.

It raises concerns that the government plans to tighten its already firm grip on the media, in a country that already locks up journalists and has fallen to the bottom of press freedom indexes since El-Sisi overthrew the country’s first democratically-elected president, a divisive radical.

Two of the men — Makram Mohamed Ahmed, the former journalists’ union head and Karam Gabr, former editor-in-chief of a state-owned newspaper — were driven from their positions amid the 2011 uprising that ended Mubarak’s 29-year reign. The third is Hussein Zein, who held a senior post at the Radio and Television Union in the Mubarak era.

El-Sisi made the picks for the chairmen of the Supreme Council for Media Regulation, the National Press Authority, and the National Media Authority based on a law that was passed in December, but which received new impetus after last Sunday’s killings.

“The boards in their current form are dominated by executive authority representatives, to guarantee its control over state-owned and private media,” said journalist Karem Mahmoud, who helped draft an early version the law.

But Mahmoud said that original draft it had since been amended by ministers and members of a heavily pro-El-Sisi Parliament to further pare back press freedoms. The state-run Al-Ahram newspaper said all but four of the 596-member unicameral legislature voted in favor.

“This isn’t the law the committee proposed,” Mahmoud told The Associated Press, noting that the final version had only 89 articles as opposed to an original 230 — many of which had sought to lay out freedom of speech in line with Egypt’s constitution.

Mahmoud believes the move, along with a similar draft bill that would allow El-Sisi to pick the nation’s highest judges, would give the executive branch the authority “to silence any dissenting voice.”

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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

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Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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News Network
March 16,2020

Cairo, Mar 16: Saudi crown prince Mohammed bin Salman said G20 summit will work to combat coronavirus and coordinate efforts to ease its economic burdens, state news agency SPA said on Sunday.

In a phone call with British Prime Minister Boris Johnson, Salman discussed international efforts to fight the flu-like disease, saying the next G20 summit, which will be hosted by the Kingdom, will work on finding medical solutions, SPA added.

The G20 Summit is an annual gathering of representatives of the world's largest economies.

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