Pupils attend the first day at school, as the new academic year starts at Notre Dame school in Cairo, Egypt, 01 October 2022. Egypt's Ministry of Education announced that the new academic school year start on 01 October. EPA / KHALED ELFIQI
Pupils attend the first day at school, as the new academic year starts at Notre Dame school in Cairo, Egypt, 01 October 2022. Egypt's Ministry of Education announced that the new academic school year start on 01 October. EPA / KHALED ELFIQI
Pupils attend the first day at school, as the new academic year starts at Notre Dame school in Cairo, Egypt, 01 October 2022. Egypt's Ministry of Education announced that the new academic school year start on 01 October. EPA / KHALED ELFIQI
Pupils attend the first day at school, as the new academic year starts at Notre Dame school in Cairo, Egypt, 01 October 2022. Egypt's Ministry of Education announced that the new academic school year

Man sets himself on fire in Egypt in protest over school books


Hamza Hendawi
  • English
  • Arabic

An Egyptian man set himself on fire in a city north of Cairo on Sunday in a protest over school books.

The school had decided to deny the man's son the use of textbooks until they were paid for, local police and education officials said.

The father suffered light burns and was recovering in a hospital in the Nile Delta city of Kafr El Dawar, they said.

The man, who was not identified, set himself on fire at the local school directorate. Employees rushed to put the fire out, saving the man’s life, said the officials.

The headteacher of the primary school has been suspended and referred to a disciplinary committee for violating the education ministry’s directive on handing out textbooks to students regardless of whether they are paid for.

Saturday’s case of self-immolation is the latest in a series of violent or deadly incidents since the school year began in Egypt on October 2, when about 25 million students went back to class after the summer break.

One schoolgirl was killed and 15 were injured in a town near Cairo when their school staircase collapsed as they rushed up the stairs on the first day of school.

The next day, a schoolgirl fell from her school’s fourth-floor window in Cairo when she was chased by a teacher who wanted to punish her.

Last week, a girl who had been in a coma for seven days after her teacher hit her on the head with a wooden stick died in a town north of Cairo.

Although banned by law, physical punishment is not uncommon in state schools in Egypt, where many teachers use rulers, wooden sticks or even tree branches to hit students. Using their hands to slap or punch students is also common. Verbal insults are just as widespread.

Many of Egypt’s state schools suffer from decades of neglect. They are overcrowded, lack sufficient facilities and many of their buildings are in desperate need for renovation.

Authorities say 130 billion Egyptian pounds (about $700 million) are needed to build 250,000 new classes to end overcrowding at schools.

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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Updated: October 16, 2022, 2:45 PM