Egypt protest

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    Brief On January 25, 2011, the day began with organizedprotests in many cities, citizens protested against thecorruption of what they believed to be an extremelystrict and controlling government.

    Hosni Mubarak, the 82-year-old man who has beenpresident of Egypt since 1975, is the primary causeof the citizens grievances.On the 28th of January, the government ordered allinternet connection and cell phone services to beshut down throughout the country. A curfew was put

    into place by the government as well, but wasignored by nearly all citizens. Criminals began to lootgovernment buildings, and the military was thenbrought in to aid the police.

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    T he military has received millions of dollarsfrom the United States, so there exists aquestion here as to whether or not the militarywill err in favor of the protestors, or ignore themoney and give Mubarak their full support.On January 9th, Mubarak then announced thathe had fired his cabinet. T his, however, failedto please Egyptian citizens.On February 4 th, the United States continuedto urge the president to consider a plan for atransitional government to come into power quite soon.

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    People United

    Christians and Muslims have united,specifically in Tahrir square, protectingeach other as each group prays and holdsservice.Meanwhile flights were suspended to andfrom Egypt, foreigners are trapped inairports waiting to be deported, andfactories have shut down for the safety of

    workers.T

    ourism attractions, like thePyramids of Giza, are also closed off,making problems for those Egyptians whomake their money from the tourism trade.

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    Muhamma d Hosni S ayy id

    Muba rakserved asthe fourth Presidentof Egypt, from 1981

    to 2011.T he length of hispresidency madehim Egypt's longest-

    serving ruler since Muhammad AliPasha

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    Iss u es c ha rged a g a inst P resident

    Corruption - with personal wealth of about $70 billionEme

    rge

    ncy law rule

    P r es id e ntial s ucc ess ionFavorti sm to privat e co m pani es.He alth r e lat e d i ss u es s inc e 2010 .

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    Voice a g a inst Corr u ptionW hile in office, political corruption in the Mubarakadministration's Ministry of Interior rose dramatically, dueto the increased power over the institutional system that isnecessary to secure the prolonged presidency.Such corruption has led to the imprisonment of politicalfigures and young activists without trials, illegalundocumented hidden detention facilities, and rejectinguniversities, mosques, newspapers staff members basedon political inclination.n 2010, T ransparency International's CorruptionPerceptions Index report assessed Egypt with a CPI

    score of 3.1, based on perceptions of the degree of corruption from business people and country analysts,with 10 being very clean and 0 being highly corrupt.

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    E m ergenc y law ru leEgypt is a semi-presidential republic under Emergency Law and has been since 1967.T he law sharply circumscribes any non-governmental political activity: streetdemonstrations, non-approved politicalorganizations, and unregistered financialdonations are formally banned. Some 17,000people are detained under the law, andestimates of political prisoners run as high as

    30,000.[Under that "state of emergency", thegovernment has the right to imprison

    individuals for any period of time, and for virtually no reason.

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    Im pa ct on indi a After making the policy announcement on 25th Jan,a whole set of events unfolded in the Middle East,which are starting to have an impact on oil prices.T he crisis in Egypt has raised concerns of a

    disruption to supply of Middle East oil shippedthrough Egypt and of unrest spreading across theMiddle East and North Africa, which combinedproduce more than a third of the world's oil.Many domestic companies, especially in the FMCGsector, have a manufacturing presence in Egypt that

    caters to the Middle-east and North Africa (MENA)region. Sales from the region contribute about 7-8percent of the total revenues for these companies.

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    India's leading paint company, Asian Paints on W ednesday said ithas temporarily shut down operations at its two production units inthe country in the wake of the ongoing political crisis.

    Earlier, leading FMCG companies Dabur and Marico had onT uesday said they have shut down their plants in Egypt temporarily,while Emami was keeping an eye on the situation.

    T he turmoil is set to hit the bottom line of Dabur as 2.5 per cent of the company's sales come from Egypt. T he Middle East and North

    Africa (MENA) contributes 7 per cent of Marico's turnover.

    T he Emami units near Cairo have also been facing disruptions after the uprising, while Maruti Suzuki, which exports cars to Egypt, issaid to be in a wait and watch mode, which accounts for 3% of itsoverseas sales