Russian court seizes $13m from JPMorgan, Commerzbank    Germany's March '24 manufacturing orders dip 0.4%    EGP stable against USD in Tuesday early trade    Amazon to invest $8.88b into Singapore cloud infrastructure    Asian shares hit 15-m high on US rate cut bets    State-run exchange offices accumulate EGP 22.3bn in foreign currencies post-flotation    Egypt leads MENA surge as Bitget Wallet sees 300% growth    Health Ministry on high alert during Easter celebrations    Egypt's Communications Ministry, Xceed partner on AI call centre tool    Egypt warns of Israeli military operation in Rafah    US academic groups decry police force in campus protest crackdowns    US Military Official Discusses Gaza Aid Challenges: Why Airdrops Aren't Enough    US Embassy in Cairo announces Egyptian-American musical fusion tour    Chubb prepares $350M payout for state of Maryland over bridge collapse    Egypt, France emphasize ceasefire in Gaza, two-state solution    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    Health Minister, Johnson & Johnson explore collaborative opportunities at Qatar Goals 2024    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    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.



Group vows to post blacklist of businessmen not donating to Long Live Egypt Fund
Published in Daily News Egypt on 03 - 08 - 2014

A campaign to track businessmen who did not donate to the Long Live Egypt Fund was launched on Friday, aiming to influence public opinion and prompt citizens to boycott their companies and products.
The founders of the campaign, a group of youth from six different political parties, pledged in a Friday statement published on their Facebook page that is titled "The Blacklist of Businessmen", to announce the names of the businessmen "so that Egyptians could know who refused to support the country".
CEO of Saad El-Din Group for Petroleum Gases, Mohamed Saad El-Din, said businessmen are not obliged to contribute in the fund "as they already contribute to reviving the economy through establishing projects".
Saad El-Din, who is also the vice president of the Petroleum Products Division at the Federation of Egyptian Industries, said that businessmen should not be blamed for not donating to the fund because they need money for their projects.
During a July meeting between President Abdel Fattah Al-Sisi and a group of businessmen, with the aim of forming a committee comprised of both businessmen and government officials to manage the fund, the president affirmed that he would not pressure businessmen to contribute to the fund and would not attack those who did not donate.
Following the inauguration of Al-Sisi in June, governor of the Central Bank of Egypt (CBE) Hisham Ramez announced the opening of the Long Live Egypt Fund, whose name is based on the slogan of Al-Sisi's presidential campaign. The fund's bank account, "037037", refers to the day on which Al-Sisi declared the ouster of former president Mohamed Morsi.
Al-Sisi has donated EGP 500,000 to the bank account and also declared that he would donate half of his salary.
On 13 July, the Field Marshall decided to merge the bank account with the 306306 Support Egypt Fund, which was launched in July 2013 following Morsi's ouster to receive donations to help stimulate the economy.
The CBE press office did not disclose information on the total amount of collected donations. However, in July, the CBE said that the donations exceeded EGP 400m.


Clic here to read the story from its source.