Mass anti-government protests planned for June 30 in Egypt

From Al Monitor:

Less than two weeks before June 30, the day of expected massive protests calling for the ouster of Egypt’s first freely elected president, Mohammed Morsi, both the Ministry of Interior and the military are left with difficult options as expectations of widespread, bloody confrontations continue to rise.

Retired police Col. Khaled Okasha, a security analyst and main witness in the trial involving Morsi’s jailbreak during the January 25 protests, believes the Ministry of Interior “is going through the most complicated, confusing and mysterious time in its recent history.”

On June 12, a day before Okasha’s talk with Al-Monitor, Egypt’s Interior Minister Gen. Mohamed Ibrahim announced that “police forces are legally committed to securing the June 30 protests, keen on the safety of every citizen regardless of their political allegiances.”

The statement contradicted the minister’s statement two days earlier [June 10]: “You will not see a single police officer in protest areas to let peaceful protesters express their opinions freely.”

The abrupt and unexplained reversal of Ibrahim’s statements clearly reflected how indecisive the country’s security apparatus is.

“We cannot understand who takes such decisions and on what basis. But the minister of interior is similar to the president who appointed him to politicize the ministry in the first place and recreate an ironfisted apparatus that will serve the administration and defend its policies and interests regardless of how right or wrong they are,” said Okasha.

Al Arabiya:

The opposition-backed campaign dubbed Tamarod, Arabic for rebellion, has called for a demonstration outside the presidential palace against Mursi on June 30.

Tamarod says it has gathered millions of signatures to a petition demanding that Mursi step down to pave the way for an early presidential election.

In a reaction, Islamist parties said they plan to organize a “million-man march” in front of Rabaa al-Adawiya mosque next Friday, to counter Tamarod’s protest at the end of the month.

The markets are taking notice:

Trading in Egypt’s benchmark stock index, the world’s worst performer in June, tumbled to the lowest level by value in five years, on concern anti-government protests will bring the nation to a “tipping point.”

Shares of about 70 million Egyptian pounds ($10 million) were traded yesterday, the lowest since Bloomberg started tracking the data in August 2008. About 85 million pounds changed hands so far today, compared with a 12-month average of about 400 million pounds.

Egypt’s stocks have slumped 15 percent in June, the most among 94 gauges tracked by Bloomberg, amid growing polarization between supporters and opponents of the North African country’s Islamist government. Both sides are calling for nationwide demonstrations on June 30, the one-year anniversary of President Mohamed Mursi taking office.