(Cairo, Egypt) About 9PM Egypt local time, millions of people protesting in the streets of Cairo, Alexandria and other cities heard that President Mohammad Morsi had been ousted by the Egyptian military, a coup d'etat with immense public support.
Live television coverage shows scenes of complete jubilation. An estimated 33 million people are in the streets, celebrating wildly.
Reportedly the head of Egypt's Supreme Court will assume power until elections can be held.
1 comment:
Yes, and for no reason at all, oil is up to US$102 a barrel. And that is not a 55-galllon barrel either.
The canal is fine.
The way the price of gas going-up. TV news said it was because of the problems in Egypt.
But that has nothing to do with the canal now.
Its just the oil companies making excuses to raise the price of gasoline!
The whole story is below if it won't open for you.
July 03, 2013
Suez Canal Secured, Unaffected by Egypt's Turmoil
http://www.maritime-executive.com/article/Suez-Canal-Secured-Unaffected-by-Egypts-Turmoil-2013-07-03/
The Suez Canal waterway is completely secure and the rate of ships passing through is normal, the head of the Suez Canal Authority Mohab Memish said in a statement on Wednesday.
"The average number of passing ships in term of quantity and cargo is in the normal range and has not been affected by any events," he said.
Egypt has been facing mass demonstrations since June 30 by opposition calling for the resignation ofIslamist President Mohamed Mursi and his supporters which resulted in dozens of deaths and hundreds of injuries.
In the last two days, 80 ships passed through the canal, the authority said, close to the daily average of 40 to 50 vessels.
Reporting by Asma Alsharif; Editing by Paul Taylor (C) Reuters 2013.
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