Supporters of Gen Abdel Fatah El Sisi march over a bridge towards Tahrir Square in Cairo yesterday. Nariman El Mofty / AP Photo
Supporters of Gen Abdel Fatah El Sisi march over a bridge towards Tahrir Square in Cairo yesterday. Nariman El Mofty / AP Photo

Egyptian masses rally in support of El Sisi



CAIRO // Heeding a call from Egypt's top general, hundreds of thousands of people poured into public squares across Egypt to affirm the military's mandate to crack down on what many see as acts of terror by the former president's supporters.

Patriotism was on display in Tahrir Square, which looked like a sea of Egyptian flags.

Many held posters of Gen Abdel Fattah El Sisi, the minister of defence who removed Mohammed Morsi from power this month after huge protests, calling him a national hero.

"Egypt was stolen from us," said Moheb Fahmy, 48, a primary school teacher who joined throngs of pro-military protesters in Tahrir Square yesterday. "Now we are getting it back again."

Despite the celebratory atmosphere during daylight hours, many feared clashes would break out overnight between rival protesters.

Medical officials and the health ministry said 10 people had been wounded in clashes in Cairo by early evening, despite a massive police and military deployment across the country to secure rallies.

And in Alexandria, Egypt's second city, clashes between the rival protesters left two people dead and at least 19 wounded.

Across Cairo from Tahrir Square, thousands of Mr Morsi's supporters held a smaller, rival demonstration calling for the end of a "military coup" and the restoration of legitimacy.

At a square near Rabaa Adaweya mosque, pro-Morsi protesters set up barriers of sandbags and policed entrances with wooden sticks - a striking sign of the group digging in for a long-term battle.

The growing intransigence from Mr Morsi's supporters and increasing anger from the military's backers has pushed tensions to the highest point since a popular uprising in 2011 forced former president Hosni Mubarak to resign.

The announcement in Egyptian state media that Mr Morsi had been charged with espionage, relating to a 2011 incident where he and more than 30 fellow members of the Muslim Brotherhood were broken out of a prison, is expected to only deepen his supporters' resolve to stay in the streets.

Violence between opposing groups in the streets in the past week has left dozens killed and hundreds injured.

The surge in anti-Morsi demonstrations yesterday was spurred by Gen El Sisi, who called on Wednesday for "all honest and trustworthy Egyptians" to come into the streets "to give me the mandate in order that I confront violence and potential terrorism".

Although vague, the reference was clear for supporters of Mr Morsi's removal: the military believed that the former president's allies were instigating acts of terror across Egypt to tip it into greater instability.

Militants have launched several attacks on police and military units in the Sinai region since Mr Morsi was removed. A bomb exploded outside a police station in Mansoura last week, killing one officer.

The Brotherhood, of which Mr Morsi is a former top official, has claimed it had no connection to the attacks and that its supporters were peaceful protesters under assault from the security services.

Few of the Brotherhood's opponents take any stock in those claims.

A television interview of Mohammed El Beltagi, a Brotherhood leader, saying the attacks in Sinai would stop if Mr Morsi was returned to office, has fuelled suspicions that the group was aware of a connection between the sporadic violence there and the removal of the president.

Sameh Samir, 60, the general manager of a water bottling company, said that he was protesting in Tahrir Square to show the world that what happened in Egypt was not a "coup", but a continuation of the 2011 "revolution" that toppled the regime of Hosni Mubarak.

"I'm here to support the military and moderate Islam," he said. "The Muslim Brotherhood put this country on a path to destruction. Thank God that Gen El Sisi came to save us. There is no negotiation with terrorists."

* with additional reporting by Agence France -Presse

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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

Generation Start-up: Awok company profile

Started: 2013

Founder: Ulugbek Yuldashev

Sector: e-commerce

Size: 600 plus

Stage: still in talks with VCs

Principal Investors: self-financed by founder

Cinco in numbers

Dh3.7 million

The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown

46

The number, in kilograms, that Swarovski’s wedding gown weighed.

1,000

The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]

50

How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday

3,000

The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.

1.1 million

The number of followers that Michael Cinco’s Instagram account has garnered.

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

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."

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

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Brief scoreline:

Al Wahda 2

Al Menhali 27', Tagliabue 79'

Al Nassr 3

Hamdallah 41', Giuliano 45 1', 62'

The specs: 2018 Jaguar E-Pace First Edition

Price, base / as tested: Dh186,480 / Dh252,735

Engine: 2.0-litre four-cylinder

Power: 246hp @ 5,500rpm

Torque: 365Nm @ 1,200rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.7L / 100km