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Politics Hosni Mubarak

  • Massive gas find promises to ease Egypt's fuel crisis Monday, 31 Aug 2015 | 12:36 PM ET

    The new "supergiant" offshore Zohr field, revealed a day earlier by Italy's Eni SpA and billed as the "largest-ever" found in the Mediterranean Sea, could alleviate Egypt's need for gas imports in the coming years, when a booming population will lead to a spike in domestic demand. "It's a very useful positive economic factor in Egypt," he said. Last March, authorities...

  • Egypt replaces EgyptAir chairman after heavy losses Thursday, 27 Aug 2015 | 11:29 AM ET

    CAIRO— Egypt's civil aviation minister says he is replacing EgyptAir's chairman in a bid to return the company to profitability, after it accumulated over a billion dollars in losses since the 2011 uprising that toppled longtime autocrat Hosni Mubarak. El-Hefny said earlier this year that the company accrued losses of up to 10.3 billion Egyptian pounds...

  • ISMAILIA, Egypt, Aug 6- Egypt received a show of international support on Thursday as it inaugurated a major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the Arab world's most populous country. The former armed forces chief, who led a military takeover two years ago but ran for president as a civilian...

  • ISMAILIA, Egypt, Aug 6- Egypt staged a show of international support on Thursday as it inaugurated a major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the Arab world's most populous country. The former armed forces chief, who led a military takeover two years ago but ran for president as a civilian...

  • ISMAILIA, Egypt, Aug 6- Nationalist celebrations to inaugurate a major extension of the Suez Canal intended to power an economic turnaround began on Thursday when Egyptian President Abdel Fattah al-Sisi boarded a historic yacht to welcome foreign dignitaries. The $8 billion New Suez Canal project was completed in just one year instead of three on Sisi's...

  • 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...

  • 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.

  • Egypt Army Chief Warns of ‘State Collapse’ Tuesday, 29 Jan 2013 | 6:41 AM ET
    An Egyptian protester next to a fire, throws stones towards riot police during a demonstration in Cairo's Tahrir Square on January 26, 2013.

    Egypt's army chief said political strife was pushing the state to the brink of collapse - a stark warning from the institution that ran the country until last year, as Cairo's first elected leader struggles to contain bloody street violence.

  • Egyptians Narrowly Back Constitution, Say Rivals Sunday, 16 Dec 2012 | 6:22 AM ET

    Egyptians voted narrowly in favor of a constitution shaped by Islamists but opposed by other groups who fear it will deepen divisions, officials in rival camps said on Sunday.

  • Egyptians Vote on Divisive Constitution Saturday, 15 Dec 2012 | 6:55 AM ET

    Egyptians stood in line to vote on Saturday on a constitution promoted by its Islamist backers.

  • Things Are Getting Weird in Egypt Friday, 7 Dec 2012 | 1:58 AM ET
    Egyptian President Mohamed Morsi

    An odd alliance between pro-democracy activists and Mubarak loyalists is raising eyebrows. Who is playing who?