Anadolu Agency has issued a report on the political and legal changes that will take place in Egypt after the ratification of the constitution passed by referendum this week. The report lists the following seven immediate changes: 1. Cancelling all … read more
Suzanne Mubarak’s funds are to be transferred to the Central Bank of Egypt (CBE) at the request of the Illicit Gains Authority (IGA). Prosecutor General Talaat Abdallah on Thursday approved the IGA’s request to have the former president’s wife’s assets … read more
Prosecutor General Talaat Abdallah agreed to assign a judge to investigate allegations of treason levied against Constitution Party leader Mohamed ElBaradei and former presidential candidates Amr Moussa and Hamdeen Sabbahi. Al-Sayed Hamed, a member of the executive bureau of the … read more
Prime Minister Hesham Qandil has begun consultations regarding the forthcoming Cabinet reshuffle. Eight new ministers are expected to be appointed following the successive resignation of several members of the Cabinet. The reshuffle will most likely include the ministries of transport, … read more
Egypt’s Prosecutor-General Talaat Ibrahim decided on Thursday to transport ousted president Hosni Mubarak to Military Maadi Hospital for health reasons, according to Turkish Anadolu news agency. Hassan Yassin, official spokesperson of General Prosecution, stated Ibrahim received a report from the … read more
Egypt is being hit by a dollar shortage as some Egyptians rush to convert their local savings into foreign currencies amid signs of further economic turmoil ahead. Foreign exchange bureaus have seen heavy trade for the last two days with … read more
Egypt will grant Telecom Egypt a license by mid-2013 to provide mobile services and will later let mobile companies offer fixed-lined services using Telecom Egypt’s infrastructure, the industry regulator said. Landline monopoly Telecom Egypt, 80 per cent owned by the … read more
President Mohamed Morsy spoke on Wednesday, saying he is planning for a Cabinet reshuffle of the government of Prime Minister Hesham Qandil, who took office in August. Morsy said, in a televised speech on the occasion of the adoption of … read more
The Court of Cassation will issue a verdict on 13 February on the appeals submitted by Habib al-Adly, the former interior minister, Ahmed Nazif, the former prime minister, challenging earlier respective sentences from the Cairo Criminal Court in July last … read more
The Egyptian pound fell to its weakest in almost eight years as concerns the government might devalue or place restrictions on currency movements prompted citizens to pile into dollars, forex traders said. Renewed political strife over the past month has … read more