Share on StockTwits

Egypt has transferred the assets of the Al-Arish port in the Sinai Peninsula from a civilian-run agency to the armed forces, citing national security reasons in an area where militant attacks have increased in the past year. The move seemed likely to reinforce critics’ concern that Egypt is returning to strongman rule three years after a popular uprising raised hopes of democracy free from military influence. An addendum to Thursday’s official gazette declared that the state’s assets in the Al-Arish port and its administration were transferred to the ministry of defense and war production from the Port Authority of Port Said.



“Egypt Puts Sinai’s Al-Arish Port Under Military Control” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.