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Egypt drags its feet in privatisation tussleA thorny legal issue facing Egypt's government was laid bare last month when Prime Minister Hisham Kandil was given a suspended jail sentence for failing to implement a court ruling to renationalise a textile More… |
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Former Egypt finance minister gets life sentenceFormer Egyptian finance minister Youssef Boutros-Ghali was sentenced in absentia to life in prison in a corruption case on Tuesday, a Cairo criminal court source said. Boutros-Ghali, whose uncle Boutros Boutros-Ghali was U.N. secr More… |
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Moody's cuts Egypt rating on 'unsettled' conditionsMoody's Investors Service on Thursday downgraded Egypt's sovereign foreign currency credit rating to Caa1 form B3, citing unsettled political conditions, and said risks of a default have increased. More… |
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Egypt steel tycoon Ezz gets 37 years jailAn Egyptian criminal court sentenced steel tycoon Ahmed Ezz to 37 years in prison on Wednesday for profiteering and squandering public funds and fined him 6 billion Egyptian pounds ($890 million), state news agency Mena and a j More… |
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Egypt is in for trouble with or without the IMFEgypt is at risk of a "revolution of the hungry" two years after Hosni Mubarak was ousted in a popular uprising, as food and energy prices will soar with or without an IMF deal. Failure to get the $4.8 billion loan or so More… |
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Mubarak re-trial set for April 13Egypt's Appeals Court has set April 13 as the date for a retrial of former president Hosni Mubarak, his interior minister and aides on charges of ordering the killing of protesters, Mena state news agency reported on Sunday More… |
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Egypt tries to lure back businessmen in exileEgypt's government has allowed convicted businessmen who fled the country since a popular uprising to negotiate an end to corruption charges from abroad, an attempt to lure them home to help revive a stricken economy. More… |
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Swiss delay return of Mubarak millionsSwitzerland has said it will delay the return of millions of dollars of assets linked to deposed Egyptian president Hosni Mubarak while it evaluates the institutions requesting the money. Swiss More… |
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Egyptian court orders Mubarak retrialAn Egyptian court accepted an appeal by ousted former president Hosni Mubarak and his former interior minister on Sunday, allowing him to be retried over the killings of protesters in the 2011 uprising. More… |
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Clashes in Cairo after Mursi seizes new powersAngry youths hurled rocks at security forces and burned a police truck as thousands gathered in central Cairo to protest at Egyptian President Mohamed Mursi's decision to grab sweeping new powers. Police fired tear gas near Ta More… |
