Egypt Shuts Down Al Jazeera Bureau
NEW YORK (TheStreet) -- Egyptian authorities are moving to suspend the operations of Al Jazeera, although the pan-Arab broadcaster said it would continue its coverage of protests against Egypt President Hosni Mubarak.
After nearly a week of violent protests that have seen at least 40 people killed and thousands more injured, Egypt's information minister ordered the suspension of operations of Al Jazeera, revoking its licenses and withdrawing accreditation for its staff, according to Egypt's state news agency Mena.
|Demonstrators deface a poster of Egyptian President Hosni Mubarak in Alexandria, Egypt.|
Al Jazeera said it received notification from Egyptian authorities on Sunday but claimed it would continue its coverage of the protests, adding that the move was designed to stifle the freedom of reporting.
"In this time of deep turmoil and unrest in Egyptian society it is imperative that voices from all sides be heard," Al Jazeera said in a statement. "The closing of our bureau by the Egyptian government is aimed at censoring and silencing the voices of the Egyptian people.">>Bull or Bear? Vote in Our Poll Dan Nolan, a reporter for Al Jazeera in Cairo, posted on Twitter that Egyptian officials forced reporters out of their office. "Aljazeera Cairo bureau has been shut down. Just visited by plain clothes govt security, TV uplink is now closed," he wrote, later adding "We have been kicked out of office. Jazeera only network being shut down according to these guys." The riots in Egypt calling for Mubarak's ouster began on Jan. 25. On Saturday, Mubarak appointed Omar Suleiman, the head of the country's intelligence services, as vice president, according to media reports. Citing state TV, Bloomberg reported that Egypt's stock exchange has suspended trading for Sunday and banks will be closed.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV