Karim Abadir, founding member of the Free Egyptians Party, talks to CNBC about Egypt's failing economy, and the lack of any coherent plan.» Read More
"This is a country with currently no constitution, the powers of the presidency yet to be defined; parliament has been dissolved, unclear when the next elections will be, so you have a president elect trying to form a cabinet in a very unsure environment," Marwan Elaraby, managing director at Citadel Capital, told CNBC.
Tom Essaye, Kinsale Trading president provides his forecast on oil prices and where to find the best risk/reward plays.
Egypt’s stock market soared on Monday, following the official election of the country’s new president, Mohammed Morsi of the Muslim Brotherhood. In his first address to the nation, Morsi called for national unity as he sets about building a civilian administration for the country.
Radical Islamist Mohammed Morsi won Egypt's first election since Mubarak, and now he says he wants to "re-think" peace with Israel. Radio talk show host John Batchelor, offers insight.
"We are going to see battles over the constitution in Egypt over the longer term but in the short term we could also see unrest in terms of how much power, Morsi actually has, and as we know the military have grabbed back a lot of powers," David Hartwell, senior middle east and North Africa analyst at IHS, told CNBC.
Trade on Egypt’s stock market was suspended as stocks were surging on Monday but even so the market closed 7.6 percent higher, the first reaction to the announcement of Mohamed Mursi as Egypt’s new President. The surge places the index among the world’s best performers once again.
Egypt's new president, Mohamed Morsi of the Muslim Brotherhood has called for national unity and will attempt to build a new civilian administration. Yousef Gamal El-Din has more on the implications of this win for the rest of the world.
A long-awaited announcement on Sunday afternoon declared Mohammed Morsi, the candidate of the Muslim Brotherhood’s political wing, as the winner of Egypt's first free presidential election.
Alia Moubayed, head of research for the Middle East at Barclays, told CNBC, "If there is one word that describes Egypt at this moment it is that you are in a situation of perfect political uncertainty and the only thing that is certain is the fact that the economy is taking a toll."
Egypt's Muslim Brotherhood warned that a court ruling to dissolve the Islamist-led parliament and let Hosni Mubarak's former prime minister run for president is a move toward reversing the gains of the revolution.
"I'm far more concerned about the elections in Egypt," says Art Cashin, UBS director of floor operations, discussing how the results of the elections in Greece will impact U.S. markets.
They toppled a pharaoh, but now the small circle of liberals, leftists and Islamists who orchestrated Egypt’s revolution say they realize they failed to uproot the networks of power that Hosni Mubarak nurtured for nearly three decades, the New York Times reports.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss the upcoming elections in Greece, France & Egypt.
Nick Trevethan, Senior Commodities Strategist, ANZ Research said geopolitical tensions, including the standoff over Iran's nuclear ambitions, are very supportive for crude prices.
The Islamist candidate of the Muslim Brotherhood will face former President Hosni Mubarak’s last prime minister in a runoff to become Egypt’s first freely elected president, several independent vote counts concluded Friday morning, the NYT reports.
Egypt made history on Wednesday as it kicked off its first free presidential election and put its fragile democratic transition to the test. Just over 50 million eligible citizens are expected to cast their votes over the course of two days.
For the first time in 60 years, Egyptians head to the polls tomorrow to freely elect their next president. Daniel Kurtzer, Princeton University professor, weighs in.
Amr Moussa, one of Egypt’s top presidential candidates, has reiterated his belief in free markets and told CNBC in an interview on Tuesday that the country needed to “open up”.
A preliminary count of votes for Egyptians living abroad has put Islamist candidate Abdul-Moneim Aboul-Fotouh in the lead, followed by left-leaning Hamdeen Sabahi .
Egyptians head to the polls on Wednesday and Thursday next week to elect a president to replace Hosni Mubarak. It will be the first fair leadership election in the country, nearly a year and a half after the revolution which saw Mubarak ousted amid months of violent protests. Lawrence Saez, a politics professor at London's School of Oriental and African Studies, gave CNBC a preview.