Egypt Clashes Kill 9 Amid Calls for U.S. Embassy Siege
By Alaa Shahine - Jul 23, 2013 7:03 AM ET
Clashes between supporters and opponents of deposed Egyptian President Mohamed Mursi killed nine people, as violence following his ouster by the military showed no sign of ebbing.
The deadliest eruption of fighting took place near Cairo University, where six people were killed, state-run television reported, citing the health ministry. Another person died in Tahrir Square near the U.S. embassy after Muslim Brotherhood leader Essam El-Erian urged Egyptians to peacefully lay siege to the mission for what he said was American support for Mursi’s July 3 overthrow.
Daily violence that has claimed the lives of dozens over the past three weeks risks undermining the interim government’s plan to return to elected rule. The U.S., which gives the Egyptian military more than $1 billion a year, has stopped short of calling the army’s intervention a coup.
The military, supported by secular-leaning political parties and youth groups, removed Mursi from power after days of mass rallies against his rule. Under the transition plan, constitutional court chief Adly Mansour was named interim president and the constitution drafted under Mursi is to be amended. Presidential and parliamentary elections are to follow.
Fighting has repeatedly broken out since Mursi’s ouster. The Brotherhood blamed the deaths near the university on security forces who attacked unarmed protesters. Militants have also stepped up attacks in the Sinai peninsula, killing and injuring several soldiers and policemen.
The tensions haven’t halted a rebound on financial markets since the army intervention. The EGX 30 stock index rose 0.6 percent yesterday, taking gains this month to 15 percent. The yield on Egypt’s $1 billion dollar bonds maturing in 2020 rose five basis points, or 0.05 of a percentage point, to 8.52 percent at 11:48 a.m. in Cairo, still more than 2 percentage points below their peak on the day Mursi was ousted.
To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net
To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net
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