×

Politics Hosni Mubarak

  • April 19- Egypt's economy is expected to grow 4.0 percent in the 2016/ 17 fiscal year ending in June, broadly in line with the finance minister's latest projection of 3.8 to 4 percent, a Reuters poll showed on Wednesday. The government has announced a sleuth of reforms including a currency float, fuel subsidy cuts and a value-added tax in an effort to bolster the...

  • CAIRO, March 21- Egypt aims to raise 6 billion pounds from the sale of stakes in state companies in the 2017/ 18 financial year, Finance Minister Amr El Garhy told Reuters, part of government efforts to generate revenue and attract investors. Egypt plans to offer shares in several public companies, mainly in the petroleum and financial sectors, on the stock exchange...

  • SINGAPORE, March 17- Chicago soybean futures lost ground on Friday with the market set for a second week of declines as a record Brazilian supplies hit the market and near-perfect weather in Argentina boosts supply prospects. The Chicago Board Of Trade most-active soybean contract lost 3.6 percent in its biggest two-week fall since early February.

  • CAIRO, Feb 13- Egypt's core inflation has soared to its highest level in more than a decade, hitting 30.86 percent in January as the effects of a currency float and IMF-endorsed austerity measures ripple through an economy undergoing painful reforms. Prices have risen sharply since Egypt abandoned its currency peg to the U.S. dollar on Nov. 3.

  • *Currency's dive makes imported goods unaffordable for many. CAIRO, Feb 12- Egyptian chocolate spread maker Swifax has doubled its sales and is struggling to keep up with demand since the pound currency dived in November, forcing shoppers traditionally "obsessed with everything foreign" to ditch pricy imports and buy local. "People started changing their...

  • *Many in Cairo decry rising prices. But on the streets of Cairo it is hard to find people who agree. But while Egypt has floated its currency with the aim of easing a shortage of the dollars it needs to import goods, taxes have gone up, subsidies have been removed and inflation at around 20 percent is eating away at living standards, hitting the poor hardest.

  • *Many in Cairo decry rising prices. But on the streets of Cairo it is hard to find people who agree. But while Egypt has floated its currency with the aim of easing a shortage of the dollars it needs to import goods, taxes have gone up, subsidies have been removed and inflation at around 20 percent is eating away at living standards, hitting the poor hardest.

  • CAIRO, Jan 4- The Egyptian cabinet approved on Wednesday the country's first bankruptcy law, Justice Minister Hossam Abdelrahim said, part of an economic reform drive aimed at encouraging investment. Until now, Egypt has had no specific law on bankruptcy, meaning failed companies have had to go to court on a case-by-case basis. Egypt is in the process of passing a...

  • CAIRO, Jan 4- The Egyptian cabinet approved on Wednesday the country's first bankruptcy law, Justice Minister Hossam Abdelrahim said, part of an economic reform drive aimed at encouraging investment. Until now, Egypt has had no specific law on bankruptcy, meaning failed companies have had to go to court on a case-by-case basis. Egypt is in the process of passing a...

  • CAIRO, Jan 4- The Egyptian cabinet approved on Wednesday the country's first bankruptcy law, Justice Minister Hossam Abdelrahim said, part of an economic reform drive aimed at encouraging investment. Until now, Egypt has had no specific law on bankruptcy, meaning failed companies have had to go to court on a case-by-case basis. Egypt is in the process of passing a...

  • CAIRO, Jan 4- The Egyptian cabinet approved on Wednesday the country's first bankruptcy law, Justice Minister Hossam Abdelrahim said, part of an economic reform drive aimed at encouraging investment. Until now, Egypt has had no specific law on bankruptcy, meaning failed companies have had to go to court on a case-by-case basis. Egypt is in the process of passing a...

  • 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

    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

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

  • 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.

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

  • Egyptian President Mohamed Morsi

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

  • MILAN-- The Associated Press has withdrawn its story about Italy's Silvio Berlusconi in a Milan court today. Background in the story erroneously stated that former Egyptian President Hosni Mubarak was dead. Another Italy-Berlusconi story will be filed.