Egypt Independent: Egypt-Main news en EGX suspends MB-run brokerage company <img src="" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><p>EGX suspends MB-run brokerage company<br />The Egyptian Stock Exchange (EGX) has taken a decision to prevent a Muslim Brotherhood-run brokerage company from speculating on the Egyptian stock market, EGX Chairman Mohamed Omran said on Thursday.<br />In statements to MENA, Omran said the decision was taken after the Egyptian Financial Supervisory Authority had sequestrated al Noran Securities &amp; Brokerage company.<br />A commissioner will be in charge of the company in order not to harm the interests of brokers, he noted.</p> Fri, 27 Nov 2015 06:04:00 +0000 MENA 2462264 at sites/default/files/photo/2012/04/12/115366/img_1219_copy_copy.jpg Presenter gets 6-month jail term for false report on bathhouse male orgy <img src="" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><div>TV presenter Mona Iraqi was sentenced Thursday to six months in jail and a bail of LE1,000 over charges of broadcasting false reports about an alleged orgy and debauchery involving 26 men at a popular bathhouse in Cairo last year.</div><div>&nbsp;</div><div>A Cairo court, which upheld an earlier verdict with the same sentence handed down against Iraqi, found the AlKahera Wal Nas satellite channel presenter guilty of libel and defamation.</div><div>&nbsp;</div><div>Last December, the TV reporter brought a secret cameraman into a bathhouse near the Ramses train station to film inside and later colluded with police to raid the premises. As the police arrived, Iraqi filmed the half-naked men crouched and huddled as police attempted to escort them to jail.</div><div>&nbsp;</div><div>The suspects from the bathhouse were later acquitted in January of charges of practicing homosexuality.</div><div>&nbsp;</div><div>&nbsp;</div><div><em>Edited translation from Al-Masry Al-Youm</em></div> Thu, 26 Nov 2015 15:56:00 +0000 Al-Masry Al-Youm 2462250 at sites/default/files/photo/2014/12/08/484151/10711136_721910311233032_8677619300264325696_n.jpg The ethics of Egypt: from Sadat to Sisi <img src="" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><div>Taking after Sadat, President Abdel Fattah al-Sisi met on Wednesday with the Scholars Council of Egypt to discuss the ethics of Egyptian society, for which the council suggested to form a committee for the development of morality and conscience among citizens.</div><div>&nbsp;</div><div>Sisi said at the meeting that ethics play an essential role in the progress of nations, and are an incentive for work and production.</div><div>&nbsp;</div><div>President Sadat had in 1980 issued a law to protect values ​​from defect, later known as the Defect Law. It was to punish anyone who tried to mislead the youth away from religious values or criticize the state policy.</div><div>&nbsp;</div><div>Sadat himself was called the &ldquo;Believer President&rdquo; and often talked about morals and values.</div><div>&nbsp;</div><div>But the law was met with widespread opposition by politicians and intellectuals, who said it takes the country back to the fourth century BC when Socrates was executed by a similar law.</div><div>&nbsp;</div><div>When he was still running for president, Sisi said in a television interview that he would be responsible for the ethics and religious values of Egyptian society.</div><div>&nbsp;</div><div>Hassan Nafaa, a professor of political science at Cairo University, said Sisi did not learn the lesson from Sadat. &ldquo;The Defect Law did not end moral defects in society,&rdquo; he said. &ldquo;Our regimes always tend to evade the challenges they face.&rdquo;</div><div>&nbsp;</div><div>&ldquo;In order to develop our morals we need to keep the environment clean, stop indiscriminate arrests, release the unjustly imprisoned and achieve social justice,&rdquo; he said. &ldquo;What the council of scholars is doing is pure nonsense.&rdquo;</div><div>&nbsp;</div><div>Observers say the regime prosecutes citizens under the pretext of preserving ethics, drawing the example of Intessar, the artist who was charged with inciting debauchery for saying that pornographic films are a temporary solution for the unmarried.</div><div>&nbsp;</div><div>Gamal Eid, director of the Arabic Network for Human Rights, said such practices take us back to the times of the Inquisition. &ldquo;The role of the state is not to bring up citizens,&rdquo; he said. &ldquo;It is just to protect their rights.&rdquo;</div><div>&nbsp;</div><div>&nbsp;</div><div><em>Edited translation from Al-Masry Al-Youm</em></div><div>&nbsp;</div> Thu, 26 Nov 2015 13:58:00 +0000 Al-Masry Al-Youm 2462247 at sites/default/files/photo/2015/11/26/1755/sadat_sisi.jpg Egypt to export donkey skin <img src="" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><div>Sources at the Agriculture Ministry said the ministry is devising new methods to control trade in donkey skin from the tanning stage to export.</div><div>&nbsp;</div><div>According to Agriculture Ministry statistics, there are 2.5 million donkeys in Egypt, mostly concentrated in Menoufia, Beni Suef, Damietta, Gharbiya and Minya.</div><div>&nbsp;</div><div>China is the main importer of donkey skin, which is used there as an aphrodisiac, while the Gulf countries spend $15 billion on sexual stimulants that are drawn from donkey skin.</div><div>&nbsp;</div><div>In Egypt donkeys are used for helping farmers. They can carry loads and walk down narrow paths that other animals cannot.</div><div>&nbsp;</div><div>&nbsp;</div><div><em>Edited translation from Al-Masry Al-Youm</em></div><div>&nbsp;</div> Thu, 26 Nov 2015 13:09:00 +0000 Al-Masry Al-Youm 2462245 at sites/default/files/photo/2012/03/12/26837/donkeys_in_saqqara_sanctuary.jpg