Bloomberg News

Egyptian Police Clashes With Islamists Kill More Than 50 (1)

October 07, 2013

Cairo Protests

An activist holds a wound during protests in Cairo, on October 6, 2013. Photographer: Mohammed Elshamy/Anadolu Agency via Getty Images

Security forces and supporters of ousted Egyptian President Mohamed Mursi clashed in Cairo and other cities, leaving at least 51 dead, as protests against the military erupted on the anniversary of the war with Israel.

At least 268 people were injured, Health Ministry official Khalid al-Khatib said by telephone yesterday.

The Muslim Brotherhood is facing its toughest crackdown in decades after Mursi was pushed from power by the military on July 3 after days of mass protests. The army-backed government sent police to clear Islamist protest camps in August, leaving hundreds dead. Since then Brotherhood leaders have been targeted by a wave of arrests.

Brotherhood members “tried to spoil celebrations” marking the 40th anniversary of the war, the Interior Ministry said in an e-mailed statement. The Brotherhood-affiliated Freedom and Justice Party accused police and “thugs” of attacking unarmed protesters, according to its Facebook page.

Security forces detained more than 400 Brotherhood supporters yesterday, the Interior Ministry said.

The turmoil that has engulfed Egypt since the 2011 ouster of President Hosni Mubarak has battered the economy, leaving the most populous Arab country dependent on aid from Gulf Arab states to stem a decline in foreign reserves. The economy may expand 2.9 percent in 2014, according to the median estimate of economists surveyed by Bloomberg, falling short of the government’s target of at least 3.5 percent.

Thomas Cook Group Plc (TCG) sold its Egyptian and Lebanese business to Yusuf Bin Ahmed Kanoo of Bahrain for 6.5 million ($10.4 million) in cash, the U.K. tour operator said.

Egypt’s $1 billion of Eurobonds due April 2020 fell last week for the first week in seven, sending the yield up 22 basis points, or 0.22 percentage point, to 7.3 percent, according to data compiled by Bloomberg.

To contact the reporters on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net; Ahmed Khalilelsayed in Cairo at akhalilelsay@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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