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Politics Hosni Mubarak

  • Mubarak-era premier gets 5 years in Egypt corruption case Wednesday, 22 Jul 2015 | 11:46 AM ET

    CAIRO— Egypt's official news agency is reporting that a Cairo court has convicted a former prime minister who served under deposed autocrat Hosni Mubarak of illegally amassing wealth while in office, sentencing him to five years in prison in a retrial. Wednesday's verdict follows an appeal from Ahmed Nazif of an earlier three-year sentence.

  • CAIRO, July 1- After a year in power, Egyptian President Abdel Fattah al-Sisi's aura of invincibility may be fading as he comes under closer scrutiny from a public growing impatient with the same social inequalities that triggered a mass uprising in 2011.. I'm fed up with this entire country, "complained a 35- year-old food cart owner at a crowded market in...

  • CAIRO, June 14- The legal framework for a proposed 5 billion Egyptian pound sovereign investment fund will be complete within four months, Egypt's state news agency quoted the planning minister as saying on Sunday. Amlak will be state-owned through the National Investment Bank. Egypt's current government has since embarked on a series of reforms and hosted a...

  • *Two attacks in eight days on top destinations. CAIRO, June 11- After a violent campaign directed at security forces, Egyptian militants appear to be zooming in on President Abdel Fattah al-Sisi's most vulnerable point: the economy. Security forces on Thursday dismantled a bomb found at the entrance of the supplies ministry in Cairo, state news agency MENA said.

  • CAIRO, April 26- Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in the past two months following a central bank crackdown. The black market had flourished as a slump in tourism and investment since the overthrow of Hosni Mubarak in 2011 limited supply of hard currency-- undermining an image of relative...

  • SHARM EL-SHEIKH, March 14- One of Egypt's leading businessmen said on Saturday the country needs to fire inefficient civil servants to attract investment and strengthen the economy. Foreign investors have criticised bureaucracy and a bloated civil service of about seven million in Egypt, the most populous Arab country. "Changing the mindset of all the...

  • SHARM EL-SHEIKH, Egypt, March 13- Qalaa Holdings, one of Egypt's largest investment companies, said on Friday its investment strategy would focus on opportunities presented by reforms in the energy sector. Speaking at an investment conference in the Red Sea resort of Sharm El-Sheikh, Qalaa chairman Ahmed Heikal said he was highly encouraged by the...

  • CAIRO, March 11- Egypt's government is expected to approve on Wednesday a lower tax ceiling for companies and individuals in high income brackets in order to attract investors and boost the economy, the investment minister said. The step comes days before Egypt holds an investment conference in the Red Sea resort of Sharm el-Sheik it hopes will attract...

  • ISMAILIA, Egypt, Feb 26- Egypt's military could help build an industrial hub around a new Suez Canal, the project's manager said, the first suggestion that the armed forces may play an important role in the huge investment venture planned alongside the new waterway. The army began in August digging the new $8 billion canal that President Abdel Fattah al-Sisi, the...

  • Egypt's decision to buy 24 of the Dassault Aviation fighters follows failures by successive French governments to sell the plane and leapfrogs three years of inconclusive talks for a 126- plane contract with India. Sisi has been looking to upgrade Egypt's military hardware over fears Islamist militias in neighboring Libya could take control and directly...

  • BRUSSELS, Feb 12- French President Francois Hollande said Egypt would order 24 Rafale fighter jets, a naval frigate and related military equipment in a deal to be signed in Cairo on Monday worth more than 5 billion euros. The contract would make Egypt, aiming to upgrade its military hardware amid fears the crisis in neighbouring Libya could spill over, the first...

  • CAIRO, Feb 11- The International Monetary Fund said on Wednesday that Egypt's structural and monetary reforms were starting to produce a turnaround in the economy, which has been hit by persistent turmoil since 2011.. Egypt's current government has since embarked on a series of reforms, and asked the IMF to assess its financial and economic condition in the...

  • CAIRO, Feb 11- The International Monetary Fund said on Wednesday that Egypt's structural and monetary reforms were starting to produce a turnaround in the economy, which has been hit by persistent turmoil since 2011.. However, Egypt has received billions of dollars in aid from Gulf states since ex-army chief Abdel Fattah al-Sisi ousted president Mohamed...

  • *Cairo fears spillover from Libya conflict. PARIS, Feb 10- France is close to selling Dassault Aviation- built Rafale fighter jets to Egypt, sources close to the matter said on Tuesday, as Cairo looks to upgrade its military hardware over fears the crisis in neighbouring Libya could spill over. France and Egypt have been negotiating since a November state visit by...

  • *Tahrir Square site of largest protests in 2011 uprising. CAIRO, Feb 8- A circular patch of land in Cairo's central Tahrir Square poses a dilemma for the government: how to honour the epicentre of the 2011 popular uprising while pressing ahead with one of the fiercest crackdowns on dissent in Egypt's history? This is good, " Cairo Governor Galal Mostafa Saeed told...

  • HUSAYNAT, Egypt, Feb 4- At a remote spot in the Sinai desert last month, a commander of Egypt's most feared Islamist group outlined his hopes of toppling the country's government. "We will create an Islamic state in Egypt," he said. The militant said he was from the Ansar Bayt al-Maqdis group, which has killed hundreds of security forces since the military ousted...

  • Egypt national elections offer hope: EFG co-head Wednesday, 14 May 2014 | 7:03 AM ET
    Abdel-Fattah el-Sissi

    The co-chief executive of EFG Hermes told CNBC that Egypt was undergoing political rejuvenation, meaning it had a lot to offer investors.

  • We would live to regret cutting Egypt aid: US expert Monday, 19 Aug 2013 | 9:52 PM ET
    We would live to regret cutting Egypt aid: US expert

    Dennis Ross, Counselor at The Washington Institute and former special aide to the Obama administration, explains why Egypt's regional importance would make walking away a mistake for the U.S.

  • Egypt's Mubarak cleared of corruption charges Monday, 19 Aug 2013 | 4:36 PM ET
    Egypt's Mubarak cleared of corruption charges

    A criminal court in Cairo orders the release of ousted president Hosni Mubarak. Ayman Mohyeldin is live in Egypt with the details.

  • Brazil Protesters Struggle to Define Next Steps Saturday, 22 Jun 2013 | 6:08 AM ET
    Clashes between Civilians and Brazilian right police break out after an afternoon of peaceful demonstrations on Avenida Presidente Vargas June 20, 2013 in downtown in Rio de Janeiro, Brazil.

    Middle-class protesters marching for the first time say the challenge for Brazilians is to keep alive the political spirit that was awakened in the last week, after decades of apathy.