Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.