Egypt police arrest senior Muslim Brotherhood leader

AP News
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Posted: Oct 23, 2015 11:31 AM

CAIRO (AP) — 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.

The Brotherhood was banned after the 2013 military overthrow of Islamist President Mohamed Morsi, who hailed from the group. 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, a roadside bomb killed a police officer and wounded three conscripts in Egypt's northern Sinai city of el-Arish, security and medical officials said.

No group immediately claimed responsibility for the attack.

Since 2013, an Islamic State affiliate based in northern Sinai and other militant groups have carried out dozens of attacks, mainly targeting security forces.

The officials spoke on condition of anonymity because they are not authorized to brief reporters. The northern part of the Sinai Peninsula is mostly off limits to media.