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Hosni Mubarak

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  • Without IMF deal, investors wary of Egypt Wednesday, 3 Oct 2012 | 10:00 AM ET

    CAIRO, Oct 3- A trickle of foreign donor aid looks like Egypt's best hope of averting a balance of payments crisis for now because many of the investors who fled the country last year are loath to return until the government seals a loan from the IMF.

  • CAIRO, Oct 3- Egypt's prime minister said on Wednesday that an IMF team would come to Cairo in the last week of October to resume negotiations on a loan sought by Egypt and that his government was still working on the key issue of how to reduce fuel subsidies.

  • CAIRO, Oct 1- A $1 billion loan that Turkey has agreed to extend to Egypt will carry an interest rate of less than 0.6 percent and be repaid in five years with a three-year grace period, the Egyptian state news agency MENA said on Monday.

  • CAIRO, Oct 1- A $1 billion loan that Turkey has agreed to extend to Egypt will carry an interest rate of less than 6 percent and be repaid in five years with a three-year grace period, the Egyptian state news agency MENA said on Monday.

  • CAIRO, Oct 1- Egypt's negotiations for a $4.8 billion loan from the IMF have been delayed to give the government more time to draw up its economic reform programme, the two sides said on Monday. Egypt was due to receive a team from the International Monetary Fund at the end of September to discuss the terms of the loan.

  • By Dinesh Nair and Patrick Werr DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's Attijariwafabank have bid for BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks look to pick up assets being shed by European lenders.

  • TV critic of Egypt's Islamist president freed Monday, 1 Oct 2012 | 10:15 AM ET

    CAIRO-- The owner of a TV station on trial for incitement following his call for the killing of Egypt's Islamist president has been released after being briefly detained over allegations of theft of electrical power and bounced checks, security officials said on Monday.

  • Egypt finmin says IMF delays loan talks - paper Monday, 1 Oct 2012 | 5:52 AM ET

    CAIRO, Oct 1- The IMF has delayed sending a team to Cairo to negotiate a $4.8 billion loan while the Egyptian government works to complete its economic reform programme, a newspaper quoted the country's Finance Minister as saying. Egypt was due to receive a team from the International Monetary Fund at the end of September to discuss the terms of the loan.

  • Egypt’s Pound at Fresh Lows: an Opportunity? Friday, 7 Sep 2012 | 5:55 AM ET
    Inside the EgyptStock Exchange just before its reopening.

    1st paragraph of story should go here

  • Egypt’s Pound at Fresh Lows: an Opportunity? Friday, 7 Sep 2012 | 5:49 AM ET
    Inside the EgyptStock Exchange just before its reopening.

    1st paragraph of story should go here

  • Scramble for Power in Fragile Egypt, Rally Planned Tuesday, 10 Jul 2012 | 6:59 AM ET
    Egypt, Cairo, Sultan Hussan Mosque at sunset

    As protestors prepare to rally in Tahrir Square once again on Tuesday, the renewed anxiety about Egypt’s fragile political process serves a potent reminder that despite the election of a new President, the country’s power structure has yet to be fully defined.

  • Egypt Stocks Surge 7.6% After Vote  Monday, 25 Jun 2012 | 9:54 AM ET
    Inside the EgyptStock Exchange just before its reopening.

    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 Brotherhood: Court Ruling Reverses Gains Friday, 15 Jun 2012 | 1:17 PM ET
    Supporters of Egypt protesters demonstrate at Piazza della Republica (Republic's square) in Rome on January 31, 2011. European Union foreign ministers on Monday called on Egypt to embark on an 'orderly transition' leading the way to 'free and fair elections.' Some 100 people took part in the demonstration in Rome.

    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.

  • Supporters of Egypt protesters demonstrate at Piazza della Republica (Republic's square) in Rome on January 31, 2011. European Union foreign ministers on Monday called on Egypt to embark on an 'orderly transition' leading the way to 'free and fair elections.' Some 100 people took part in the demonstration in Rome.

    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.

  • Egypt, Cairo, Sultan Hussan Mosque at sunset

    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.

  • Iran Tension Could Lead to Middle East Downgrades: S&P Tuesday, 14 Feb 2012 | 6:26 AM ET
    This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Ratings agency Standard and Poor’s (S&P) on Tuesday pointed to increased risks for issuers in the Middle East as the spiraling tensions between Iran and the West showed no sign of slowing down. Although the agency believed that the risks were already accounted for in its current ratings, it cautioned that a reassessment depended on how the situation developed.

  • Is Devaluation Inevitable for Egypt's Currency? Monday, 13 Feb 2012 | 6:44 AM ET
    Egypt, Cairo, Sultan Hussan Mosque at sunset

    It’s been just over a year since former Egyptian President Hosni Mubarak stepped down after 18 days of protests, but the country’s grueling transition continues to weigh heavily on its economy.

  • A woman shouts as she blocks the entry of army tanks to Tahrir Square on January 30, 2011 in Cairo, Egypt. Cairo remained in a state of flux and marchers continued to protest in the streets and defy curfew, demanding the resignation of Egyptian president Hosni Mubarek. As President Mubarak struggles to regain control after five days of protests he has appointed Omar Suleiman as vice-president. The present death toll stands at 100 and up to 2,000 people are thought to have been injured during the

    Now that the "Arab Spring" is turning into the "Arab Winter" the former prime minister writes, "the challenge emerging from the changes taking place is so big that we had better put in place a common Western strategy or we'll find that national approaches are totally irrelevant to shape events there."

  •     Egyptian protesters run for cover on the third day of clashes with security forces at Tahrir Square in Cairo on November 21, 2011.

    Protestors in Cairo’s Tahrir Square were preparing for a million-man march on Friday to call on the ruling military council to step down, saying steps announced recently were insufficient.

  • Egypt's Army Ruler to Give Statement Tuesday, 22 Nov 2011 | 9:59 AM ET

    The head of Egypt's ruling army council will deliver a statement to the nation later on Tuesday, state television said, as protests demanding an end to military rule intensify.