Egyptians go to the polls


Egyptians have begun a two-day Presidential election, with former army chief Abdel Fattah al-Sisi well ahead of his only opponent, leftist Hamdeen Sabahy.

One of the major issues in the ballot is the economy, which is beset by massive poverty, power shortages and significant fiscal problems.

The election comes nearly a year after the military, with al-Sisi as head, forced the Muslim Brotherhood's Mohamed Morsi from power.

Egypt's EGX30 stock index is +0.3%, while the USD-EGP is flat at 7.1305 pounds.

AP election preview

ETF: EGPT

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Comments (5)
  • leopardtrader
    , contributor
    Comments (3676) | Send Message
     
    This one is what is known as a sham. Stage a coup appoint some puppets and then organize "elections" to rub lipstick on the pig, become a democratic elected leader and visit the White House lol These guys just take everyone for a fool
    26 May 2014, 07:31 AM Reply Like
  • lailakolodny
    , contributor
    Comment (1) | Send Message
     
    Millions of Egyptians took to the streets demanding that Morsi step down and chanting for the army to interfere, all news organizations have pictures and footage of that day of all roads in Cairo full of people chanting. Army did not stage a coup, the people demanded and the army assisted. Egyptians are fortunate to have a man like Sissi willing to take on such a daunting task.
    26 May 2014, 08:51 AM Reply Like
  • leopardtrader
    , contributor
    Comments (3676) | Send Message
     
    "Millions of Egyptians took to the streets demanding that Morsi step down and chanting for the army to interfere, all news organizations have pictures and footage of that day of all roads in Cairo full of people chanting. "

     

    I hope this is the way democratic process works..shouldn't it be easier ? Just organise demonstration/rally against Obama low approval rating and bet the army to detain him and then he is gone ! Afterall many millions on the street said so. But the question is who are those millions ? How do we count them lol Oh by watching television or videos ..haha

     

    The bottom line is that Morsi won an election for a term. Not until another election is conducted & he is voted out would someone claim hundred of millions "wanted" him to go ! If this is what you understand how democracy is practiced around the world then there is danger. In fixed term Presidency ( like in USA) president can be only be voted out in an election cycle. He could be impeached or voluntarily resign. In Parliamentary system as in most European countries it is much easier by either losing leadership of your party or parliamentary vote of confidence.

     

    The idea that mod on the street could "in their millions" vote out an elected leader is naive if not outright childish for anyone with intelligence to bandy about
    26 May 2014, 04:56 PM Reply Like
  • Hendershott
    , contributor
    Comments (1754) | Send Message
     
    Morsi's gutting of the constitution was the last straw. He wasn't going voluntarily, or probably ever if he got his way.
    26 May 2014, 05:51 PM Reply Like
  • Fboctor
    , contributor
    Comments (49) | Send Message
     
    Ukrainian did the same thing, why USA treat it differently
    9 Jun 2014, 04:12 PM Reply Like
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