Egypt announced early on Wednesday that the upcoming constitutional referendum will be held in two stages, Dec. 15 and Dec. 22 due to a shortage of judges needed to oversee the process, Al Arabiya TV reported. The decision came hours after the country’s Judges Club decided to boycott the process, refusing to oversee the
The delay of Egypt’s long awaited IMF financing package is a serious blow to the country’s post-revolution transition and will add further uncertainty to an economy on the brink, experts have warned. The on-going political crisis is seen as the main reason behind the government’s request to delay the loan. Egypt’s economic prospects
Egypt's army has called for President Mohammed Morsi and the secular opposition to meet on Wednesday to stop a crisis over an imminent constitutional referendum from tearing the country apart, AFP reports. The televised appeal by General Abdel Fattah al-Sissi, the country's armed forces chief and defense minister, came late Tuesday, as rival camps
Egypt’s increasingly unstable Muslim Brotherhood regime, voted into power on an anti-US and anti-Israel platform, is about to receive 20 F-16 fighters jets despite calls to suspend arms sales to Cairo, Fox News reported Tuesday. The jets were ordered by deposed Egyptian President Hosni Mubarak, and the Muslim Brotherhood is about to take over
Egypt’s Finance Ministry said on Wednesday it would offer $1 billion of one-year treasury bills for auction on Dec. 17, rolling over U.S. dollar-denominated bills maturing from last year when it introduced the instrument. The new bills will be issued on Dec. 18, when last year's bills, also totaling $1 billion, are due to
After sitting politically backstage for the past six months, Egypt’s powerful military has been thrust back into the spotlight to handle a crisis that is testing its desire to stay neutral and its duty to maintain order. The military has called for President Mohamed Mursi and the secular opposition to meet later on Wednesday
Rival mass protests have been called for next Tuesday in Egypt, over a bitterly disputed constitutional referendum, raising the potential for more violent street clashes in a sharpening political crisis. AFP reported that President Mohammed Morsi's chief foes, the opposition National Salvation Front, called on Sunday for huge protests in Cairo to reject the
Egyptian President Mohamed Mursi has given Egypt's army the powers of arrest and ordered it to “cooperate” with police until after the results of the Dec. 15 referendum on the disputed draft constitution. The presidential decree, which is to appear on Tuesday in the government's official gazette under “Law 107,” was issued ahead of
Egyptian President Mohamed Mursi has scraped a decision to increase taxes and asked the Cabinet to open “social dialogue” on the matter, two days ahead of mass rallies against to pretest a draft constitution he put for vote on Dec. 15. On a Facebook post, Mursi announced putting on hold measures to raise sales
The regime of President Bashar al-Assad says Syrian rebels have gained control of a toxic chlorine factory east of Aleppo. The statement, quoted Sunday by Radio Free Europe's Radio Liberty, came less than a week after the Syrian foreign ministry claimed that Assad's troops would never use chemical weapons against his own people.
