CAIRO: Omar Suleiman, the former spy chief now trying to run for the Egyptian presidency, says he wants the job to stop it going to the Islamist Muslim Brotherhood – but sees the Brotherhood playing a vital role in Egyptian politics.
A powerful (...)
CAIRO: Thousands of Egyptians packed into Cairo's Tahrir Square on Friday to protest against a run for the presidency by former intelligence chief Omar Suleiman, in an Islamist show of strength against Hosni Mubarak's old guard.
The Muslim (...)
CAIRO: On a warm Wednesday morning last October, around 500 Egyptian army officers based at the Air Defense Institute on the outskirts of Alexandria staged a mini revolt.
According to a lieutenant colonel with direct knowledge of the protest, the (...)
CAIRO: A bid for power by Hosni Mubarak's former intelligence chief is an insult to Egypt's revolution that, if successful, would trigger a second nationwide revolt, the Muslim Brotherhood's candidate for Egypt's presidency said.
In his first (...)
CAIRO: Egypt's Muslim Brotherhood has warned the government it will not support an IMF loan unless the terms are changed or it moves aside and allows a new administration to oversee how the funds are spent, its candidate for president said on (...)
CAIRO: The Muslim Brotherhood is locked in a power struggle with ruling generals over how much influence the army will have after civilians take over in three months time, a dispute that could decide whether democracy thrives after Hosni Mubarak's (...)
CAIRO: Talks over an International Monetary Fund loan for Egypt are continuing and will take a few weeks, rather than days, to conclude, IMF Middle East and Central Asia director Ahmed Masood told Reuters on Monday.
Egypt formally requested a (...)
CAIRO: The Egyptian Muslim Brotherhood's political wing supports Egypt's request for an IMF loan, but first it wants the government to produce a coherent plan to battle corruption and get costs under control, its economic policymakers say.
The (...)
CAIRO: Egypt's first presidential election since president Hosni Mubarak was overthrown last year will be held in the first week of June, an official at the judicial committee supervising the vote said.
Army leaders who took over from Mubarak in (...)
CAIRO: Shares in Orascom Telecom Media and Technology (OTMT) and Mobinil have been suspended pending issuance of a joint statement by Mobinil's shareholders, OTMT and France Telecom over Mobinil's fate, the bourse said on Sunday.
"The management (...)
CAIRO: Egypt's government will back down in a stand-off with Washington over US funding for civil society groups because allowing the dispute to drag on could jeopardize aid worth billions of dollars, two Egyptian officials said.
Nineteen (...)
CAIRO: A civilian council appointed to advise Egypt's military rulers said on Saturday preparations for a presidential election should begin on February 23, a step that would bring forward the presidential election from an expected June date.
The (...)
CAIRO: The cases of 40 people embroiled in a dispute over the activities of US-funded pro-democracy groups and other organizations have been transferred to the Cairo criminal court, a judicial source said on Sunday.
"The cases of 40 foreign and (...)
CAIRO: Protesters hurled rocks through clouds of tear gas and riot police fired live rounds on a second day of fighting around Egypt's Interior Ministry triggered by the deaths of 74 people in the country's worst soccer disaster.
A demonstrator (...)
CAIRO: The Muslim Brotherhood is devising a blueprint for a parliamentary democracy that would overturn Egypt's tradition of strong heads of state, flexing its muscles after emerging as the country's dominant political force.
The plan has emerged (...)
CAIRO: Egypt's negotiations for financial assistance from the International Monetary Fund (IMF) will take two to three months as the two sides work out technical details and how to bring other donors on board, an IMF director said on (...)
CAIRO: The International Monetary Fund (IMF) said on Tuesday it was still discussing with Egyptian authorities the timing of the IMF mission's visit, adding that economic measures the government had published in June represent possible benchmarks (...)
CAIRO: The International Monetary Fund (IMF) said on Tuesday it planned to meet with Egyptian authorities to discuss the country's economic problems but added that any funding would have to be based on benchmarks that had broad political (...)
CAIRO: Egypt's prime minister appealed to Group of Eight countries on Monday to help unlock billions of dollars in aid promised in September but not yet delivered under an initiative to support countries of the Arab spring.
Army-backed Prime (...)
DUBAI/CAIRO: Saudi Arabia's construction-related stocks jumped on Monday in the hope of higher government spending on housing in next year's state budget, lifting the bourse to a 21-week high, while other Gulf markets were mixed.
Saudi Steel (...)
CAIRO: Violent unrest by young Egyptians seeking a quick end to army rule could lead to a presidential election being held before mid-2012, as now planned, but even then the military is still expected to wield powerful influence over the (...)
CAIRO: The Muslim Brotherhood's party list has secured about 40 percent of votes counted so far in the second round of Egypt's staggered parliamentary election, a party source said on Sunday.
The list led by the Brotherhood's Freedom and Justice (...)
CAIRO: Around 1,000 Egyptians rallied near the ancient pyramids on Friday to protest against what they said were threats by Islamic radicals to undermine tourism, one of the country's biggest money earners.
Islamist groups look set to dominate (...)
CAIRO: Egypt will hear the results of elections which Islamist parties expect to win on Friday, and protesters gathered at a rally to remember 42 people killed in clashes with police last month.
Islamist success at the polls in the most populous (...)
CAIRO: Egypt's foreign reserves will plunge by a third to $15 billion by the end of January and the budget deficit will grow, possibly leading to a review of sensitive subsidies, an army official said on Thursday, highlighting the nation's dire (...)