Senior Muslim Brotherhood leader arrested in Egypt

Published October 24th, 2015 - 07:27 GMT

Egyptian authorities arrested a senior leader and financier of the outlawed Muslim Brotherhood, the Interior Ministry said Friday, the latest in the country’s security crackdown on Islamists.

Businessman Hassan Malik was arrested Thursday in his Cairo home for “exacerbating the instability of the dollar exchange rate,” the ministry said in a statement.

Malik was one of the few prominent Brotherhood members to remain in Cairo and out of prison.

The arrest comes after Egypt’s central bank weakened the pound twice in recent days, falling 20 piasters to 7.93 pounds per dollar at auction.

Egypt’s economy is still reeling from years of turmoil following the 2011 toppling of longtime autocrat Hosni Mubarak.

Also Friday, four people were wounded when a bomb they were trying to defuse exploded in Cairo near the pyramids, according to officials.

Two policemen and two hotel security guards were wounded in the blast outside the Meridien hotel near the Giza pyramids, a security official said.

Elsewhere in Egypt, a police officer was killed and three were wounded in the North Sinai town of Al-Arish when a roadside bomb exploded as they drove past in an armored vehicle, the Interior Ministry said in a statement.


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