Egypt's state media bows to army's will



CAIRO // "The army and people, one hand!" That was the rallying cry of the jubilant masses of Egyptians in Tahrir Square on the night Hosni Mubarak fell, and again last Wednesday when the army overthrew the democratically elected president, Mohammed Morsi.

It resonates loud and clear in a state media that has quickly gone "on message", as it had been for the 16 tumultuous months of military rule that followed the 2011 uprising.

The presence of Republican Guards in the studios of state broadcasting headquarters on Wednesday, the day the army staged its takeover, was an early sign that state media would reprise its traditional role as the loyal servants of a military-backed administration.

Troops remain in the building four days later.

Within hours of General Abdel Fattah El Sisi broadcasting the announcement that Mr Morsi had been removed and the constitution suspended, authorities shut down four private television stations controlled by Islamists.

These included the Muslim Brotherhood-owned Egypt 25.

Security forces arrested several dozen employees of the stations. Among those raided was Qatar-based Al Jazeera's Egyptian news channel, which military sources accused of broadcasting "incitement". It remained on air.

Even before the takeover, Nile TV, one of two state channels, had started to broadcast video montages of triumphant soldiers performing their duties to the strains of patriotic music.

Soldiers rappelling from helicopters. Troops in full regalia marching on parade. Eager young recruits listening to Gen El Sisi. Military vehicles barrelling across desert terrain.

Those images were layered with others invoking national pride: the pyramids, Egypt's "victory" in crossing the Suez Canal in the 1973 war with Israel, and flag-waving masses thronging Tahrir Square during the uprising against Mubarak.

The day after Mr Morsi's removal, Nile TV and state radio hosted studio guests who condemnedthe Brotherhood as "enemies of the people" and cast Islamist supporters of the president as instigators of violence.

Although journalists from a state-run television station and a state-run newspaper said they had not yet received direct orders from the military since it removed Mr Morsi, activists said such a move would be consistent with the army's policies towards the media under previous governments.

"The military has always tightly controlled state-media coverage of anything related to them, whether positive or negative," said Heba Morayef, the Egypt director at Human Rights Watch. "A return to that is not too difficult."

Mr Morsi and the Muslim Brotherhood made campaign promises to reform laws and practices governing state media.

But rights activists and journalists said the toppled leader tried to use government-owned channels and papers to his own advantage as his predecessors had done - only less successfully.

As the political winds turned against Mr Morsi, the facade of loyalty among the state newspapers began to crack.

Al Akhbar, one of the biggest, accused the Brotherhood of meddling and incompetence in a front-page editorial by the editor-in-chief the week before the mass anti-Morsi protests that gave popular support to the army's action.

A journalist at Al Ahram said that phone calls from the military and the security services regarding news coverage had been the norm before Mubarak's fall.

"This time, they don't need to," the journalist said, citing the huge level of popular support for the military's toppling of Mr Morsi.

Since the Islamist channels were silenced, coverage of protests by Mr Morsi's supporters against his removal has been scarce on state television and at times completely absent on the private satellite channels that fiercely opposed the Brotherhood.

Al Jazeera's Egyptian station, Mubasher Misr, has faced obstruction from officials and activists who accused it of bias towards the Muslim Brotherhood.

"We have always tried to cover different events happening around the country, and our split-screen coverage shows this," said Karim El Assiuti a journalist at the station.

"Unfortunately, the Egyptian media is only presenting one picture of what's happening now," said Abdel Aziz Mujaahed, one of 29 Mubasher Misr staff members, including the station's general manager, who were arrested on Wednesday. "It's the picture of those who want the military government."

A prosecutor ordered their release on Friday but they were told the case against them was ongoing, Mr Mujaahed said, although they have not been formally charged.

Gehad El Haddad, a Brotherhood spokesman, described Egyptian journalists as "fiction writers". He said Egyptian media were not reporting a crackdown that had killed dozens of people since the takeover.

"The state is taking a side, the army is taking a side, national television is taking a side. Does anyone see how crazy this is?" he said.

The Brotherhood's political arm said the state-owned printing press had refused to print its newspaper - Freedom and Justice - for two days after Mr Morsi's removal, but it was back on some newsstands on Saturday.

A military source admitted restricting publication because the paper had planned to publish an article that he said was untrue, alleging that the army was split and a major unit remained loyal to Mr Morsi.

The tone of the state media since the army takeover seems to mirror the opinion of the millions of Egyptians who took to the streets last weekend to demand that Mr Morsi leave office.

"Under the Brotherhood, people didn't watch state television," said Ahmed Sherif, 59, who works for a tourism company. "Now it has come back to the people. Since the June 30 revolution, it is reflecting the reality of the Egyptian street."

"State TV reflected politics that did not match those of the people," agreed Mohamed Said, 48, a barber, sitting outside his shop reading Al Ahram.

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Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

MEFCC information

Tickets range from Dh110 for an advance single-day pass to Dh300 for a weekend pass at the door. VIP tickets have sold out. Visit www.mefcc.com to purchase tickets in advance.

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid

MATCH INFO

France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')

Italy 1
Bonucci (36')

The specs: 2018 Infiniti QX80

Price: base / as tested: Dh335,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 400hp @ 5,800rpm

Torque: 560Nm @ 4,000rpm

Fuel economy, combined: 12.1L / 100km

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

UAE currency: the story behind the money in your pockets
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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

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About Housecall

Date started: July 2020

Founders: Omar and Humaid Alzaabi

Based: Abu Dhabi

Sector: HealthTech

# of staff: 10

Funding to date: Self-funded

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

Company%20profile
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The specs: 2018 Opel Mokka X

Price, as tested: Dh84,000

Engine: 1.4L, four-cylinder turbo

Transmission: Six-speed auto

Power: 142hp at 4,900rpm

Torque: 200Nm at 1,850rpm

Fuel economy, combined: 6.5L / 100km

The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

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COMPANY%20PROFILE%20
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Gran Gala del Calcio 2019 winners

Best Player: Cristiano Ronaldo (Juventus)
Best Coach: Gian Piero Gasperini (Atalanta)
Best Referee: Gianluca Rocchi
Best Goal: Fabio Quagliarella (Sampdoria vs Napoli)
Best Team: Atalanta​​​​​​​
Best XI: Samir Handanovic (Inter); Aleksandar Kolarov (Roma), Giorgio Chiellini (Juventus), Kalidou Koulibaly (Napoli), Joao Cancelo (Juventus*); Miralem Pjanic (Juventus), Josip Ilicic (Atalanta), Nicolo Barella (Cagliari*); Fabio Quagliarella (Sampdoria), Cristiano Ronaldo (Juventus), Duvan Zapata (Atalanta)
Serie B Best Young Player: Sandro Tonali (Brescia)
Best Women’s Goal: Thaisa (Milan vs Juventus)
Best Women’s Player: Manuela Giugliano (Milan)
Best Women’s XI: Laura Giuliani (Milan); Alia Guagni (Fiorentina), Sara Gama (Juventus), Cecilia Salvai (Juventus), Elisa Bartoli (Roma); Aurora Galli (Juventus), Manuela Giugliano (Roma), Valentina Cernoia (Juventus); Valentina Giacinti (Milan), Ilaria Mauro (Fiorentina), Barbara Bonansea (Juventus)

FORSPOKEN
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Starfield
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APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

Company%20Profile
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Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

COMPANY%20PROFILE
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The bio

Favourite book: The Alchemist by Paulo Coelho

Favourite travel destination: Maldives and south of France

Favourite pastime: Family and friends, meditation, discovering new cuisines

Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.

Favourite Author: My father for sure

Favourite Artist: Damien Hurst

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.