Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Reda Edward's purchase of Al-Dostor illegal, says syndicate board member
Published in Daily News Egypt on 22 - 10 - 2010

CAIRO: Businessman Reda Edward's purchase of daily independent Al-Dostor newspaper is illegal, Journalists' Syndicate board member Gamal Fahmy told Daily News Egypt on Thursday.
“The law regulating companies that publish newspapers dictates that no shareholder is allowed to own more than a 10 percent stake in the firm,” Fahmy added.
According to Fahmy, the syndicate went through the official ownership documents of Al-Dostor on Wednesday and found that Edward has not been officially registered as the company owner.
“We found out that Al-Sayed Al-Badawy is still the board chairman of the newspaper and that there is no official record of Edward as the owner,” Fahmy said.
“It's not just an announcement in TV. The ownership transfer requires complicated procedures that may take up to four month,” he added.
Fahmy said that the syndicate will officially address Al-Badawy and Edward to object to a number of points including publishing the newspaper without a chief editor and changing the location.
“Such decisions should have been taken during the company's general assembly meeting,” Fahmy explained.
The crisis erupted when the paper's new owners fired its editor-in-chief Ibrahim Eissa earlier in October.
Eissa said in media statements following his sacking that the new owners had recurrently attempted to alter the paper's editorial policy, which stirred tension between the two sides.
Since then, the new management has been publishing the newspaper from a new location without the input of the staff reporters. Edward later said that advertisers were the ones who called for firing Eissa.
The reporters were quick to show full support of their editor, refusing to work for the new management without Eissa.
A few days following the crisis, Al-Badawy reportedly sold his shares in Al-Dostor to Edward, making him the main owner and decision-maker.
The syndicate said it will inform the Higher Press Council of violations committed regarding the Al-Dostor deal.
However, Fahmy accused the council head Safwat El-Sherif, also the secretary general of the ruling National Democratic Party (NDP), of being involved in the crisis.
“The council is believed to be behind the whole crisis in a bid to end [an outspoken newspaper like] Al-Dostor… ahead of parliamentary elections,” Gamal noted.
Earlier this week, the new executive chief editor Ayman Sharaf held a press conference where he announced that about 75 percent of reporters resumed working for the newspaper.
However, assistant chief editor Mohamed Fawzy told Daily News Egypt: “None of us worked on the recent issues of Al-Dostor.”
“We have maintained our open strike inside the syndicate where we sign in and out in attendance sheets [to prove commitment],” Fawzy added.
Earlier this week, Edward said he sent official warnings to the staff reporters ordering them to resume work or else they would be fired. However, the journalists denied receiving such warnings in a statement published on the newspaper's official website.
The reporters have been using the Al-Dostor's website as their platform to make announcements and publish statements in response to any allegations made by the new management.


Clic here to read the story from its source.