Sunday, July 8, 2012

New Egyptian president annuls dissolution of parliament

In a challenge to the Constitutional Court and the ruling military regime(SCAF) newly elected president Morsi has issued a decree annulling the decision of June 15 to dissolve the People's Assembly. The official news agency reports: "President Morsi has issued a presidential decree annulling the decision taken on June 15, 2012 to dissolve the people's assembly, and invites the chamber to convene again and to exercise its prerogatives,"
  The Constitutional Court had ruled that certain article in the election laws were invalid and also the law that excluded senior members of the Mubarak regime from running. Parliamentary elections returned a large majority of Islamists. Almost half were won by Morsi's Muslim Brotherhood but also about a quarter were won by the more radical Salafists.
   The reaction of the ruling military council to this decree should be interesting. The relationship of the Brotherhood to the Military Council sometimes seems to involve deals but at other times out and out conflict. For more see this article.

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US will bank Tik Tok unless it sells off its US operations

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