Egypt After 2025: Navigating a Critical Inflection Point    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    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    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    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.