Tag Archives: egypt
Egypt violence builds, American among dead
Egypt violence builds, American among dead (Reuters) / 29 June 2013 Two people, one an American, were killed when protesters stormed an office of Egypt’s ruling Muslim Brotherhood in Alexandria, adding to growing tension ahead of mass rallies aimed at unseating Mohamed Mursi. A third man was killed and 10 injured in an explosion during a protest in Port Said, at the mouth of the Suez Canal. Police on Saturday said the cause was unclear but protesters, believing it was a bomb, attacked the party office in the city. Egypt’s leading religious authority warned of “civil war” after violence in the past week that had already left several dead and hundreds injured. They backed President Mohamed Mursi’s offer to talk to opposition groups ahead of Sunday’s protests. The United Nations, European Union and United States have appealed for restraint and urged Egypt’s deadlocked political leaders to step back from a confrontation threatening the new democracy that emerged from the Arab Spring revolution of 2011. The US embassy said in a statement it was evacuating non-essential staff and family members and renewed a warning to Americans not to travel to Egypt unless they had to. The Muslim Brotherhood said eight of its offices had been attacked on Friday, including the one in Alexandria. Officials said more than 70 people had been injured in the clashes in the city. One was shot dead and a young American man who was using a small camera died after being stabbed in the chest. A Brotherhood member was also killed overnight in an attack on a party office at Zagazig, in the heavily populated Nile Delta, where much of the recent violence has been concentrated. Mursi’s movement said five supporters in all had died this week. “Vigilance is required to ensure we do not slide into civil war,” said clerics at Cairo’s ancient Al Azhar institute, one of the most influential centres of scholarship. In a statement broadly supportive of Mursi, they backed his offer of dialogue and blamed “criminal gangs” who besieged mosques for the violence. The Brotherhood warned of “dire consequences” and “a violent spiral of anarchy”. It accused liberal leaders, including former UN diplomat Mohamed ElBaradei, of personally inciting violence by hired “thugs” once loyal to ousted dictator Hosni Mubarak. Opposition leaders condemned the violence. The army, which has warned it could intervene if political leaders lose control, issued a statement saying it had deployed across the country to protect citizens and installations of national importance. In the capital, Cairo, tens of thousands turned out for rival events some miles apart and there was little trouble. A rally included calls to reconciliation. On Tahrir Square, cradle of the uprising against Mubarak, there was a festive atmosphere and a determination to shake Mursi on Sunday. In Alexandria, as several thousand anti-Mursi protesters marched along the seafront, a Reuters reporter saw about a dozen men throw rocks at guards outside the Brotherhood office. They responded. Bricks and bottles flew. Guns were fired. Officials said dozens were wounded by birdshot. The party office was ransacked and documents were burned, watched by jubilant youths chanting against Egypt’s leaders. In Port Said, a bastion of police had suspected an accident but later said a device exploded among protesters. Canal traffic has not been affected by violence. Cairo Calm Protesters gathered round a Cairo mosque after weekly prayers to show support for Mursi. His opponents hope millions will turn out on Sunday to demand he step down, a year to the day after he was sworn in as Egypt’s first freely chosen leader. Mursi, backed by the Brotherhood, has dismissed such demands as an assault on democracy, setting up an angry confrontation. Some speakers reflected fear and anger among Islamists that opponents aim to suppress them as Mubarak did. But there was also talk from the podium of the need for dialogue – a concern also of international powers worried by the bitter polarisation. A few hundred opposition protesters gathered outside the presidential palace, a focus for Sunday’s rally. Mursi has moved elsewhere. Thousands turned out after dark in Tahrir Square, waving national flags and sampling street food. Abdelhamid Nada, a 32-year-old accountant, had come from the provinces with eight friends to camp out “until Mursi goes”. “The Muslim Brotherhood has no plan at all,” he said, standing by his white tent. “They don’t have any economic plan, they don’t have any social plan, they don’t have any political plan.” Strategic Importance The army, which heeded mass protests in early 2011 to push Mubarak aside, has warned it will intervene again if there is violence, and to defend the “will of the people”. Both sides believe that means the military may support their positions. The United States, which funds Egypt’s army as it did under Mubarak, has urged compromise and respect for election results. Egypt’s 84 million people, control of Suez and its peace treaty with Israel all contribute to its global strategic importance. UN chief Ban Ki-moon urged Egyptians to respect “universal principles of peaceful dialogue”. European Union foreign policy chief Catherine Ashton called for peaceful protests, building trust and a “spirit of dialogue and tolerance”. In Alexandria, opposition marchers said they feared the Brotherhood was usurping the revolution to entrench its power and Islamic law. Others had economic grievances, among them huge lines for fuel caused by supply problems and panic buying. “I’ve nothing to do with politics, but with the state we’re in now, even a stone would cry out,” said 42-year-old accountant Mohamed Abdel Latif. “There are no services, we can’t find diesel or gasoline. We elected Mursi, but this is enough. “Let him make way for someone else who can fix it.” It is hard to gauge how many may turn out on Sunday, but even those sympathetic to Islamic ideas are frustrated by the economic slump and many blame the government. Previous protest movements since the fall of Mubarak have failed to gather momentum, however, among a population anxious for stability and fearful of further economic hardship. Continue reading
Trends In The Renewable Energy Landscape
June 6, 2013 By Gil Forer Gil Forer Global Leader, Global Cleantech Center, Ernst & Young A new era is dawning in the renewable energy industry. Energy demand, natural resource, technology costs, access to finance and global competitiveness are identified as the key influences for investors. According to the tenth anniversary edition of the Renewable Energy Country Attractiveness Index (RECAI), which was recently released by Ernst & Young, global annual clean energy investment totaled US$269b in 2012, representing a five-fold increase on 2004. The sector now competes for investment with more traditional energy sources, and new technologies — such as solar panels, biomass boilers and mini wind turbines — are enabling energy users to run their own small power plants, changing the way businesses and consumers think about energy. The renewable energy landscape today is truly global. From Japan and Southeast Asia to Africa and South America, renewable energy is a viable energy source that is gaining a solid and growing share in the energy mix. But, the renewables industry is facing growing pains. Not only is the future a place with less government support, but industry players also have to fight for market share across all corners of the globe and with some worrying signs of trade barriers emerging. For an industry that is still relatively new, this is a seriously challenging time; leaders need to be conversant in international business, conscious of global politics, and clever in innovating new business models and business relationships to win in an increasingly global competitive world. South America and Asia Pac continue to rise as Europe and the Middle East stall Our index sees the US regain the top spot, as high barriers to entry for external investors realign China into second place. However, growth prospects for the sector in China remain strong with continued GDP growth, increasing energy demand, and the ongoing strategic importance of the sector to the local economy providing solid foundations for the future. South America continues to grow in prominence, thanks in part to its growing energy demand. Chile’s project pipeline includes 300MW-400MW concentrated solar power (CSP) plants, while Peru has entered the index for the first time due to good resources and a strong investment climate. However, new policy measures and tender cancelations in Brazil are likely to temper the rapid growth seen in the region over the last 18 months. High levels of project activity and investment interest in Japan and Australia give the Asia Pacific region a stronger presence at the top of the index. Thailand also joins the index in this issue, boasting strong solar resource and a healthy project pipeline, as well as stable fiscal and regulatory support measures. In Europe, Romania became the latest to slash its subsidies, reinforcing the relatively somber mood in Eastern Europe as policy makers try to find the balance between growth and sustainability. A number of the Middle East and North Africa countries, including Egypt, Tunisia and the UAE, have fallen out of the top 40 due to a slow recovery from the Arab Spring and an absence of clear policy frameworks delaying capacity deployment. Transaction market – the continuing squeeze Recent deal activity in the sector has been characterized by incumbents and new entrants driving industry consolidation. There is also a strong appetite from Far East construction groups and original equipment manufacturers (OEMs) seeking development pipelines of solar and wind assets to provide a distribution channel for their products. Factors driving the levels of investment in renewable energy include divestment needs, market restructuring and the entry of new investors into the sector. Utilities and financial buyers are finding greater value in buying operational plants than investing in plant construction. The mismatch between project sponsors’ capital expenditure plans and the corporate capacity to finance this investment will continue to drive more asset disposals. Both financial investors and OEMs under pressure from overcapacity are likely to remain the most active buyers of operational assets and development assets respectively. Further consolidation can be expected in the supply chain. New markets are gaining momentum. Countries and corporations are increasing their focus on changing their energy mix to ensure it provides financial, reputational, operational and social benefits. We’re also seeing the development and implementation of national renewable energy program best practices. In summary, with the shift in the democratization of the energy sector and the increasing power of the customer, the future of renewable energy in the energy mix is bright. For more information about the report, including a discussion of our evolved methodology, please visit www.ey.com/recai . Gil Forer is global leader of the Global Cleantech Center for Ernst & Young. Continue reading
Residential House for rent in Nairobi Kenya
Serviced and Furnished Apartment to Rent in Nairobi Kenya off Ngong road and near Nakumatt junction. Property to Let in Nairobi Kenya. This Rental Property i… Continue reading