Egypt’s bonds are rallying in the face of rising violence and militant attacks as speculation builds that the army chief who ousted Mohamed Mursi will succeed the former president, restoring order and luring foreign aid.
The anniversary of the uprising that ousted President Hosni Mubarak laid bare Egypt’s rifts, with nationwide clashes yesterday leaving 49 dead amid calls by thousands for the defense chief to make a presidential run.
From his 33rd-floor penthouse apartment with sweeping views of the Nile River, Naguib Sawiris, Egypt’s best-known billionaire and most prominent Christian, can hear the chants of Friday prayers in the distance. As he sits down to a breakfast of taameya and ful, dishes made from fava beans, demonstrators are gathering in Cairo’s Tahrir Square for a planned protest, this time aimed at stopping military trials of thousands of civilians arrested during the revolution that brought down the regime of President Hosni Mubarak.
Egyptian security forces deployed across Cairo and in Tahrir Square as planned rallies to commemorate a deadly demonstration two years ago against then- President Hosni Mubarak raised fears of new violence.
Clashes erupted in Cairo for a third day after fighting between security forces and demonstrators protesting military rule left at least 22 people dead, a week before Egypt’s first parliamentary elections since the ouster of Hosni Mubarak.
Opponents of Egyptian President Mohamed Mursi marched in the hundreds of thousands on the first anniversary of his taking office yesterday, seeking to oust the Islamist leader they say has betrayed their movement for change. At least five people were reported killed.