Fitch raises Egypt outlook, cites oppression benefits

“Significant financial assistance from Kuwait, Saudi Arabia and the United Arab Emirates has eased the pressure on reserves, the exchange rate and the budget, and boosted business confidence,” Fitch said in a report today. “The political scene has been calmed through a tough crackdown on the Muslim Brotherhood and restrictions on protests.” Link

Egyptian security forces calming the political scene in Cairo

Egyptian protesters killed as state crackdown widens

Thirteen people were shot dead as supporters of the Muslim Brotherhood clashed with police across Egypt on Friday, defying an ever-widening state crackdown on the movement that ruled the country until six months ago. Link