Excerpts: New 'Egyptians Party' to be launched.Saudi bank funds Egypt $1
billion July 02, 2012

+++SOURCE: Ahramonline via Egypt Daily News 2 July '112:"New 'Egyptians
Party' aims to thwart Brotherhood's rise

SUBJECT:New 'Egyptians Party' to be launched
QUOTE:"Atteya: 'failure of Egyptian political forces to to protect the
revolution from those who were able to exploit it' "
FYULL TEXT:Prominent lawyer Ragaei Atteya held a press conference on
Sunday[1 July] at which he announced plans to launch an as-yet-unlicensed
'Egyptians Party.'
The conference was attended by high-profile journalists Adel Hamouda and
Mostafa Hussein, along with numerous supporters of ousted president Hosni
Mubarak and his last prime minister and vanquished presidential candidate
Ahmed Shafiq.

At the conference, supporters of Mubarak and Shafiq chanted "Down with
Morsi!" – in reference to Egypt's newly-elected Islamist president Mohamed
Morsi – and "The people want Ahmed Shafiq!"

Atteya attributed his decision to launch the new party to the "failure of
Egyptian political forces to protect the revolution from those who were able
to exploit it." In reference to Egypt's politically-ascendant Muslim
Brotherhood, Atteya went on to point to "those who were able to mobilise
large crowds and give a speech to the world full of fallacies that one of
the candidates won the presidential race."

The Egyptian authorities, he went on to say, had "prevented him [Shafiq]
from winning the race, providing an opportunity for foreign interference and
allowing a small state like Qatar to dare to speak about Egypt."

Atteya continued, saying that pressure on Egypt's ruling military council
had been "excessive and intentional," especially after Morsi announced his
electoral victory a mere four hours after polling stations had closed their
doors.

The "second shock," Atteya added, came the day final election results were
announced.

"All Egyptians cried... In opposition to this, I thought about peaceful ways
of countering the imminent danger that surrounds my country's people. I
chose a civilised way to avoid clashes, opting to create the Egyptians
Party."

According to Atteya, Shafiq will have nothing to do with the new party. "We
don't have to personalise matters, since he's my friend. But he's a national
figure, and there will always be a place reserved for him," Atteya said.

The lawyer went on to express his appreciation for former presidential
candidates Amr Moussa, Mohamed Selim El-Awa and Abdel-Moneim Abul-Fotouh.
When the latter's name was spoken, Shafiq supporters in attendance shouted
out "No, no!" but loudly applauded when Sabbahi’s name was mentioned.

Regarding the would-be party’s political programme, Atteya said that
"parties' political programmes are always similar," stressing that what
differentiated them was their credibility.

He added that the new Egyptians Party would be based on "words and deeds,"
drawing its inspiration from the revolutionary principles of citizenship;
the freedom of belief, press and expression; and protection of Egyptian
national wealth and resources.

+++SOURCE: Egyptian Gazette 2 July '12:"Egypt signs $1 billion deal to fund
energy, food",Agence France Presse

SUBJECT: Saudi bank funds Egypt $1 billion

QUOTE:"funding for the purpose of energy and food products"

FULL TEXT:CAIRO - Egypt on Sunday[1 July] signed an accord with the
Saudi-based Islamic Development Bank for $1 billion in funding for the
purchase of energy and food products.

I
State news agency MENA said the deal was signed by International Cooperation
Minister Faiza Abul Naga and an affiliate of the IDB, but the mechanism of
the financing was not specified.
The funds are to be used to import fuel products and food imports,
especially wheat of which Egypt is the world's top importer.
The deal comes as Egypt's economy has been hit by last year's uprising that
toppled Hosni Mubarak, a fall in tourism revenues, slump in foreign
investment, decline in foreign currency reserves and widening of the budget
deficit.
Egypt has been negotiating for several months a $3.2-billion-dollar loan
from the International Monetary Fund.

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Sue Lerner - Associate, IMRA