Egyptian president Abdel Fatah El Sisi has said he supports a clause limiting the terms that presidents can serve to two. Philippe Wojazer / Reuters
Egyptian president Abdel Fatah El Sisi has said he supports a clause limiting the terms that presidents can serve to two. Philippe Wojazer / Reuters
Egyptian president Abdel Fatah El Sisi has said he supports a clause limiting the terms that presidents can serve to two. Philippe Wojazer / Reuters
Egyptian president Abdel Fatah El Sisi has said he supports a clause limiting the terms that presidents can serve to two. Philippe Wojazer / Reuters

Egypt's Sisi rules out extending presidential terms


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Egyptian president Abdel Fatah El Sisi has ruled out a constitutional amendment to extend his time in power beyond the current limit of two four-year terms.

Speaking to CNBC, Mr El Sisi said presidential elections will take place as scheduled in March or April of next year and that he will not run again in 2022.

Mr El Sisi was elected to office in 2014, a year after he led the military's ousting of an elected but divisive president, the Muslim Brotherhood's Mohammed Morsi. He has strongly suggested he will seek a second term in office in elections next year, but has yet to make a formal announcement.

Mr El Sisi's remarks, which were aired late on Monday, were the first to publicly detail his thoughts on the constitutional clause that limits the time presidents can serve to two four-year terms. Legislators and celebrities loyal to Mr El Sisi have in recent months been calling for the constitution to be amended to make presidential terms longer than four years.

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They argue that the existing four-year terms are not long enough to allow Mr El Sisi to implement his ambitious plans for overhauling the economy, upgrading the country's infrastructure and crushing an insurgency by Islamic militants.

"I am with preserving the [clause on] two four-year terms and not change it," he said. "We will not interfere with it."

But Mr El Sisi appeared to give himself some leeway, using his hallmark phrase of "the people's will" as the deciding factor on who gets to be president. "I am not in favour of amending the constitution in this period," he said. "It does not suit me as a president to stay one day [in office] against the Egyptian people's will. This is not just talk for television, these are values I embrace and principles I am keen on. A president who respects his people and his principles will not stay one day against the will of his people."

Mr El Sisi insists Egypt has changed since the 2011 uprising that toppled Hosni Mubarak and says he is working to establish a "civilian and democratic" state.

Commenting on security in the region Mr El Sisi called on Middle Eastern states to maintain stability just as tensions were heightening between Saudi Arabia and Lebanon.

"I want to say that the stability of the region is very important and we all have to protect it and I am talking to all the parties in the region to preserve it. The region has more than enough fighting and turmoil and lack of stability. We don’t want to add more instability and fighting. This message is for everyone," he said.

The Lebanese prime minister Saad Hariri announced his resignation on Saturday, citing fear of assassination and sharply criticising Iranian influence in Lebanon and the wider region. Mr Hariri made his announcement from the Saudi Arabian capital of Riyadh after travelling there from Beirut on Friday.

When asked whether the time had come for Egypt to consider its own measures against Hizbollah, the Lebanese political party and militia that receives Iranian backing, Mr El Sisi said, "The subject is not about taking on or not taking on, the subject is about the status of the fragile stability in the region in light of the unrest facing the region. The region cannot support more turmoil.

"I want to convey that we are keen on the unity of Lebanon and its stability and peace... We preserve its unity, we preserve its stability, and we preserve its independence."

Mr El Sisi said that Cairo is no seeing to impose any measures against Hizbollah because countries such as Iraq, Libya, Yemen and Syria would all be vulnerable to an escalation of turmoil.

"We want our national security, Arab national security, and Gulf national security to stay untouched. That is what we are looking for. National security in the Gulf is part of our security and our national security is part of the security of the Gulf," he said.

His comments to CNBC came just hours after a prominent human rights lawyer declared he would run against Mr El Sisi in next year's elections, a move unlikely to pose a serious challenge to the incumbent but which would provide a test for his popularity.

"Egypt is in crisis after four years of rule by Abdel Fatah El Sisi," the lawyer, Khaled Ali, said on Monday when he announced his candidacy.

"We have the right to have democratic elections … [but] we are expecting a crackdown and repression."

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

UAE currency: the story behind the money in your pockets
Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara