Anti-Coup Alliance rejects Economic Summit

Daily News Egypt
2 Min Read
The Anti-Coup Alliance in a press conference. (Photo by Ahmed Al-Malky)
The Anti-Coup Alliance in a press conference.   (Photo by Ahmed Al-Malky)
The Anti-Coup Alliance in a press conference late 2013.
(Photo by Ahmed Al-Malky)

The Anti-Coup Alliance called for “a massive rally outside the presidential palace in Cairo”, in rejection of the Economic Summit, in a Wednesday statement.

“It must be made clear, yet again, that there is no real economic conference in Egypt, and that the thieves and traitors of the military coup regime have failed to achieve any real investments in spite of all the Gulf money they looted,” the group said in their statement.

Egypt has been heavily promoting the conference in hopes that it will bring more international investments into the country.

A website created to advertise the summit reads: “Join world leaders and the international investment community in shaping an unprecedented plan for Egypt’s prosperity.”

The Anti-Coup Alliance, on the other hand, wrote that “the junta is pushing ahead with the failed conference in an attempt to beautify and falsify a reality where the homeland is on the verge of plunging into hopeless bankruptcy, with a fuel crisis, rising food prices and electricity prices and increased repression and poverty.”

Almost all Islamist parties, with the exception of the Salafi Al-Nour Party, came under the umbrella of the Anti-Coup Alliance to support former president Mohamed Morsi, following his ouster. Since then, many groups, including the Al-Watan, Al-Wasat, and Istiqlal parties, have withdrawn from the alliance.

The alliance calls for protests on a weekly basis; often resulting in clashes between security forces and the protesters.

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