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Egyptian unrest surges to new level as violence grows

By NASDAQ.com News January 27, 2011, 09:56:30 PM EDT

Civil unrest in Egypt surged to a new level, as protesters prepared to take the streets to demonstrate against the regime of President Hosni Mubarak on Friday. Massive protests are planned after prayer ends, but unconfirmed reports from the largest nation in the Middle East suggest that the government may be prepared to brutally suppress any unrest.

Several sources confirmed that most of the "Egyptian internet' has been shut down, with only one major provider - the Noor Group - still online. Because the Noor Group's clients include major western firms, as well as the Egyptian Stock Exchange , some suspect it has been spared so that some economic activity can continue.

A graph of internet activity at CNET.com vividly illustrates just how complete the web lockdown of the country is at this time - it's clear this is no accident, though the regime denies involvement. A nation of more than 80 million, with a gross domestic product of over $500 billion, has now gone dark to the rest of the world.

There are also unconfirmed reports that security services may be preparing to incite violence, possibly by posing as protesters, in order to justify armed reprisals. Several protesters and police have already died in the last week of protests, and Friday's street action looks likely to eclipse the first days.

"This is a revolution," a 16-year-old protester in Suez told al-Jazeera News . "Every day we're coming back here."

The situation remains volatile, and it could get more complicated. Mohammed el-Baradei, the former International Atomic Energy Agency director general, is perhaps the most powerful opposition figure in Egypt. Having recently returned from Europe, he pledged to join the protests tomorrow, and offered to lead a reform movement if chosen.

Some analysts see Egypt as another Tunisia, with an autocratic regime at the end of its leash. In Tunisia, however, military forces largely stood aside as the protests continued, and the U.S. did not intervene heavily.

The other parallel is seen in the election protests that rocked Iran in 2009 and 2010, which were heavily publicized but ultimately crushed.

Egypt is balanced on a knife-edge - and the way it falls is in the hands of its people and its leader.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Personal Finance, International

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