French court grants early release to former President Nicolas Sarkozy    Egypt releases 2023 State of Environment Report    Egypt says Gulf investment flows jumped to $41bn in 2023/24    Al-Sisi meets representatives of 52 global tech firms to boost ICT investments    Egyptians vote in 1st stage of lower house of parliament elections    Egypt's Al-Sisi, Russian security chief discuss Gaza, Ukraine and bilateral ties    Lebanese president says negotiations are only way forward with Israel    Madbouly seeks stronger Gulf investment ties to advance Egypt's economic growth    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Egypt to issue $1.5 billion in dollar-denominated treasury bills – CBE    Egypt's private medical insurance tops EGP 13b amid regulatory reforms – EHA chair    Egypt, Saudi Arabia ink executive programme to expand joint tourism initiatives    Egypt's monthly inflation rises 1.3% in Oct, annual rate eases to 10.1%: CAPMAS    Egypt, US's Merit explore local production of medical supplies, export expansion    400 children with disabilities take part in 'Their Right to Joy' marathon    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    Egypt, Albania discuss expanding healthcare cooperation    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    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt establishes high-level committee, insurance fund to address medical errors    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    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    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.



Sinai Sheikhs: Thugs threaten investments
Published in Youm7 on 20 - 10 - 2011

ARISH, Egypt: Heads of clans and sheikhs of tribes in Sinai opposed those who break traditions, laws and commit crime, which harms national economy.
Sheikhs held a conference in Sinai University on October 19 and asked security forces to punish outlaws and perform all legal procedures against those who frightened civilians and harm economical projects.
Head of Sinai Investor Association, Hassan Rateb, security director of North Sinai, Saleh Al-Masry, leaders of security systems, military rulers, a few sheikhs of tribes and big family members attended the conference.
Sheikhs also warned of investments projects in heavy industrial zone in middle Sinai may stop as a result of the state of insecurity.
Hassan Rateb said investment in Sinai is in danger. The state of insecurity and blocking cement factories' vehicles may stop these factories from working. This threatens national economy, particularly because French and Swiss partners are recorded in Egypt's stock market.
"If the global stock market informed about the stop of factories, Egypt's stock market will sharply decline and will be directly harmed," Rateb said. "Factories stopping will harm nearly 8,000 families, including 3,000 workers' families and 5,000 poor families that the factories help."
Rateb also said every one is responsible, including sheikhs of tribes and security systems in Sinai. He assured security systems will take all legal and security procedures against thugs and outlaws, who will be punished soon. State prestige must be respected after the recent changes after the Egyptian January 25 Revolution.
A few security leaders said stopping cement factories in Sinai will effect the Egyptian economy badly. Sinai Sheikhs demanded to establish more developing projects and cancel sentences in absentia.
Security leaders asked sheikhs tribes to cooperate with security systems in order to arrest outlaws. Dean Sadek Al-Askary said the army is applying forces of security and safety in Sinai so they could control Sinai again. He also announced armored vehicles will roam in the middle of Sinai to protest investment projects.


Clic here to read the story from its source.