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Political crisis costs Egypt USD 310mn per day
Egypt is losing about USD 310 million a day, a French investment bank has reported. Credit Agricole also said that it was revising down its forecast for Egypt’s economic growth to 3.7 percent from 5.3 percent in 2011. Since the beginning of anti-Mubarak protests in Egypt 11 days ago, banks and the stock exchange have been... »
New top Cleric appointed in Egypt
Image via Wikipedia Egyptian president Hosni Mubarak has named Sheikh Ahmed Mohammed Ahmed al-Tayeb as head of Al-Azhar, the country’s most prestigious seat of Islamic learning. Mubarak, who is recovering from gall bladder surgery in Germany, appointed Tayeb on Friday, nine days after the death of Sheikh Mohamed Sayed Tantawi, the previous head of the institution. Al-Azhar... »
Inside Egypt: The Land of the Pharaohs on the Brink of a Revolution
The government of Egypt banned Inside Egypt in 2008–the first time a book on Egyptian politics had been banned in the country in decades–and quickly rescinded it after the media firestorm that followed. Most experts believe that in the next year or so, Hosni Mubarak will step down and that his son, Gamal is the... »
Egypt president pledges improved care for Nubians
Egypt’s president pledged Wednesday to promote development and care for the Nubians, as criticism to his government’s treatment of Egypt’s ancient but highly marginalized minority mounts. President Hosni Mubarak, in remarks made after touring Aswan province where many Nubians live, said his government’s plans to relocate many Nubians from their traditional dwellings along the Nile... »
