CAIRO // With just four days before a key presidential election in Egypt, alliances are being struck by candidates vying for the country's top position.
Abdallah Al Ashaal, a former diplomat and professor of law is among the 13 candidates for the presidency. Last week, he urged his supporters to vote for Mohammed Mursi, the Muslim Brotherhood candidate.
"Despite what people say about this being a battle between Islamists and secularists, I believe this is a race between the forces of the revolution and the old regime," he said on Thursday. "Mohammed Mursi is our best chance … This is not about one man's ego. You have to sacrifice for the country."
If he continued his campaign for the presidency, he said he would only serve to split the vote among the group of "revolution" candidates.
Mr Al Ashaal's election calculus may spread further, according to analysts. Mazen Hassan, a professor at Cairo University who is studying the country's democratic transition, said the major alliances would likely be struck after the first round of voting on Wednesday and Thursday. If one candidate does not win 51 per cent of the vote, it will go to a run-off a month later.
"That's when we could see some important deals struck that would affect the elections," Mr Hassan said.
The little-known candidate Mohamed Fawzy Issa, a lawyer and former police officer, announced on Wednesday that he was withdrawing from the race and supporting Amr Moussa, the former foreign minister of Egypt. Technically, no candidate can withdraw because the deadline for removing a name from the ballots was April 8, but candidates can publicly endorse competitors.
Of the candidates, four have emerged as the top contenders: Mr Moussa; Abdel Moneim Aboul Fotouh, a self-styled moderate Islamist and former member of the Muslim Brotherhood; Ahmed Shafik, a former air force commander who was briefly prime minister after last year's uprising that led to Hosni Mubarak's resignation; and Mr Mursi, who became the Muslim Brotherhood's candidate after Khairat Al Shater was disqualified from the race.
With two of the 13 throwing their weight behind the four front-runners, the remaining candidates must choose between continuing their own campaigns with little prospect of success or supporting the lead candidates.
Mr Al Ashaal, who is not a member of the Muslim Brotherhood, said he supported Mr Mursi because he was a "great thinker" and represented the best chance for the revolutionary movement to stand against members of the old regime.
"Egypt will be moderate under Mursi," he said. "I trust that he will not force religion on anyone."
Mr Al Ashaal expects Mohammed Selim Al Awa, an Islamic constitutional scholar running for president, to support Mr Mursi next week. However, Mr Al Awa's campaign has made no announcements about plans to support another candidate.
Mr Al Ashaal's most scathing criticism is for Mr Shafik and Mr Moussa, whom he cast as the ruling military council's favourites to take the helm of Egypt and prevent the revolutionary principles that sparked the uprising from being established.
"If one of these men win, I believe there could be greater instability in the country and a second revolution against the continuation of the Mubarak regime," he said. "A vote for them is to revive the traditions of Mubarak and to try to make the revolution a brief moment of instability in the history of Egypt, not a momentous change."
The challenge for the "revolutionary camp" in Egypt is its inability to unify behind a candidate who can win the race, he said.
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Emirates Cricket Board Women’s T10
ECB Hawks v ECB Falcons
Monday, April 6, 7.30pm, Sharjah Cricket Stadium
The match will be broadcast live on the My Sports Eye Facebook page
Hawks
Coach: Chaitrali Kalgutkar
Squad: Chaya Mughal (captain), Archara Supriya, Chamani Senevirathne, Chathurika Anand, Geethika Jyothis, Indhuja Nandakumar, Kashish Loungani, Khushi Sharma, Khushi Tanwar, Rinitha Rajith, Siddhi Pagarani, Siya Gokhale, Subha Srinivasan, Suraksha Kotte, Theertha Satish
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Coach: Najeeb Amar
Squad: Kavisha Kumari (captain), Almaseera Jahangir, Annika Shivpuri, Archisha Mukherjee, Judit Cleetus, Ishani Senavirathne, Lavanya Keny, Mahika Gaur, Malavika Unnithan, Rishitha Rajith, Rithika Rajith, Samaira Dharnidharka, Shashini Kaluarachchi, Udeni Kuruppuarachchi, Vaishnave Mahesh
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The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.
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