Mohamed Ghanem, one of the leaders of the Muslim Brotherhood in Egypt, calls Egypt to stop pumping gas to Israel and prepare the Egyptian army for a war with it’s eastern neighbor.
Speaking with Iranian television station Al-Alam, Mohamed Ghanem blamed Israel for supporting Hosni Mubarak’s regime. Ghanem also said that the Egyptian police and army won’t be able to stop the Muslim Brotherhood movement.
Update: February 1, 11:15 GMT: Opposition plans to Declare Liberated Zone in one Delta City
A multitude of people is gathering towards the million man march in Cairo. Similar protests are planed in other cities. The strong force in Egypt is the army, that enables the current huge protest.
There are doubts about the loyalty of the Egyptian army to president Mubarak. If the brotherhood takes control over Egypt, it will be very messy from the whole region.
In the meantime, EUR/USD , GBP/USD other pairs have enjoyed the relative calm in the Egyptian crisis and regained most of their losses on Friday. An escalation will send them down, and will strengthen the dollar, yen and Swiss franc.
Update: Israel was attacked by Grad rockets fired from the Gaza. While Israel approved that 800 Egyptian soldiers reinforce the limited forces in Sinai, the Islamic movement Hammas, which is in good ties with the Egyptian Muslim Brotherhood, fired at Israel.
The one-million march is expected on Tuesday in Cairo. Will this be the end of Mubarak?
Update, February 2nd, 22:00 GMT: There’s a rumor that the Obama told the Egyptian army to throw Mubarak. Now.Get the 5 most predictable currency pairs