Calling for restoration of normalcy in the country, the Egyptian army on Friday released a statement endorsing the transfer of powers from embattled President Hosni Mubarak to Vice President Omar Suleiman.
U.S. stock index futures fell on Friday as uncertainty gripped markets following Egyptian President Hosni Mubarak's refusal to step down after more than two weeks of civil protests throughout the country.
U.S. stock index futures fell on Friday as uncertainty gripped markets following Egyptian President Hosni Mubarak's refusal to step down after more than two weeks of civil protests throughout the country.
Wall Street is set for a weaker open on Friday, with futures for the S&P 500, Dow Jones and Nasdaq futures down 0.4 percent to 0.6 percent at 1117 GMT.
World stocks fell for the third straight day on Friday partly on growing tensions in Egypt after President Hosni Mubarak disappointed protesters hoping he would resign, though oil and the dollar advanced. Partly because of the Egypt crisis, Asian stocks were on the course for their biggest weekly loss in nine months, but European shares were more resilient, on track for a second straight week of g...
World stocks fell for the third straight day on Friday partly on growing tensions in Egypt after President Hosni Mubarak disappointed protesters hoping he would resign, though oil and the dollar advanced. Partly because of the Egypt crisis, Asian stocks were on the course for their biggest weekly loss in nine months, but European shares were more resilient, on track for a second straight week of g...
A costly mistake by the CIA chief caused more embarrassment to the U.S. foreign policy establishment, which is already in a double bind over the escalating Egyptian situation, and worsened confusion over the timing of the purported exit of Hosni Mubarak.
As both inside and outside pressure mounted on him, Egypt President Hosni Mubarak has apparently fled the country on Friday morning
Egypt's three decade ruler Hosni Mubarak has fled the country Egypt and noted that the address he is scheduled to deliver in a few hours is taped, according to Ahlul Bayt News Agency news agency.
Stocks finished narrowly mixed, amidst much speculation that Egyptian President Hosni Mubarak would voluntary resign from his office. (He later announced that will stay on until September elections).
In a long and rambling speech on state TV, embattled Egyptian President Hosni Mubarak said that he has a framework to provide for a peaceful transition to a new regime at the September elections, but that he will remain in power till then.
As speculation grows that Egypt’s President Hosni Mubarak will step down in a few hours after more than two weeks of continuous political unrest in the country, the Egyptian Higher Military Council said it is in a state of “continuous session” to protect the nation and the aspirations of the people.”
U.S. stocks were lower on Thursday and the Dow was on track to snap an eight-day rally, but hopes for a possible resolution in Egypt to the political unrest that has gripped the country for more than two weeks helped equities pare earlier losses.
President Sarkozy advises ministers to holiday in France; any invitations abroad may be accepted only if compatible with foreign policy.
Sudanese security forces briefly held prominent opposition figure Mariam al-Mahdi and other women on Thursday, witnesses said, the latest detentions in a crackdown on anti-government protests.
Egypt must do more to meet protesters' demands for political change, the United States said on Wednesday in a sharp escalation of rhetoric with one of its most important allies in the Middle East.
The Obama administration is closely watching the economic fallout from Egypt's political crisis and believes progress toward democratic reforms would help stem economic instability, a U.S. official said on Wednesday.
U.S.-Egyptian scientist Ahmed Zewail once received a medal from President Hosni Mubarak. Now, he says, it's time for the Egyptian leader to heed the demonstrators clamouring for his departure.
Stocks were little changed on Thursday, erasing most losses as investors took the opportunity to buy shares at a cheaper price.
The World Bank and International Monetary Fund are warning poor regions that have so far not been hit by rising food prices, like sub-Saharan Africa and the Caribbean, to get ready to face them.
The fate of Egypt's President Hosni Mubarak will be decided in a matter of hours and most probably he will step down, an Egyptian official told Reuters on Thursday.
A senior Egyptian army commander has reportedly told protesters in Cairo's Tahrir Square on that Everything you want will be realized,” according to Al-Jazeera, suggesting that President Hosni Mubarak may soon be steeping down acceding to the protesters’ demands.