Mahmoud Abdel Salam Omar, 74, chairman of El-Mex Salines Co [and] the former chairman of the Egyptian American Bank and the Federation of Egyptian Banks, was arrested yesterday after a 44 year-old female maid alleged he attacked her May 29, according to a police department spokesman. Officers were called to the hotel, located in midtown Manhattan, after she informed security of an alleged incident when she went to Omar’s room after he requested tissues. Police charged Omar with sexual abuse, unlawful imprisonment, forcible touch and harassment. He allegedly asked the maid for her telephone number and she gave a false one before leaving the room, police said. [Bloomberg]
Egypt
1. “Go home” and 2. “Do not listen to the satellite television stations.” [LAT]
Let’s not point fingers, mmkay? He’ll be staying in office in an advisory role through September, delegating some power to Vice President Omar Suleiman. And…not to be a dick, he hates to be a dick but…he’s not really interested in what anyone has to say about that. Continue reading »
Bloomberg Has A Frank Talk About The Impact Of Protests In Egypt On The Country’s Economy And Bond Market
By Bess Levin
With an aggressive amount of cleave on the side. To underscore the gravity of the situation. Continue reading »
“Egypt will certainly move onto something new. The Egypt of tomorrow will not be the Egypt of eight days ago. The genie is out of the bottle — people feel empowered, people are looking for change and its critical that this change be managed in a positive way. So look for Egypt to go forward but it has yet to define fully its journey and its destination.” Continue reading »
“I’m surprised how fast the market bounced [Monday],” Tepper told Absolute Return today. “Shows you there’s a lot of money looking for any dip on the sidelines. Which is good, but I have to be a little more cautious than last week because I didn’t know how much this stuff could flair up. I’m still generally constructive but just a tiny bit more cautious than I was before because of this [Egypt] stuff.” As for the Super Bowl? The Appaloosa manager, who is a minority owner of the Steelers and pictured at left ready for the big game, is confident Ben Roethlisberger will pull one out. Continue reading »
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