EGYPT

Mubarak appoints VP as protests rage

The embattled president of Egypt Hosni Mubarak has promoted his chief of intelligence, Omar Suleiman, to the vice presidency as anti-government protests continue to defy a curfew and demonstrate on the streets.

Saudi king expresses support for Mubarak

New Royal Decree Gives Saudi Women Political Rights
Saudi Arabia’s state news agency reported that King Abdullah bin Abdulaziz al-Saud criticized the protestors (claiming they are instigated by infiltrators) and strongly backed Mubarak
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Mubarak says Egypt in 'defining moment,' will appoint new cabinet

President of Egypt Hosni Mubarak appeared on television late Friday for the first time since riots began in Cairo, saying in a televised address that the country was in a “defining moment” and that he had requested that his cabinet resign so a new one can be designated tomorrow.

Gold rises 2 percent as Egypt sparks safe-haven buying

Gold surged 2 percent on Friday, gaining as much as $40 per ounce in a knee-jerk rally as fears that unrest in Egypt would spread across the Middle East prompted safe-haven buying. It's the largest one-day gain in nearly two months.
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Consumer spending, trade buoy U.S. economy in Q4

The U.S. economy gathered speed in the fourth quarter to regain its pre-recession peak with a big gain in consumer spending and strong exports, removing doubts about the recovery's sustainability.

Egyptian unrest not Islamist, expert says

The situation in Egypt is, as they say, fluid, with rioting in Cairo, protestors clashing with police, vehicles set afire and a prominent Egyptian who returned home to foster democracy placed under house arrest. The president, Hosni Mubarak, has not been seen nor heard from in days. His wife has, by some reports, fled the country. The world is watching and no one can predict what may happen next.
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Financial markets shaken by Egypt unrest

Crude oil prices surged, stocks fell around the world and the dollar gained on Friday as images of street battles in Egypt riveted investors and raised concerns the protests will intensify and spread across the Middle East.

Egypt Shuts Down Internet, Syria Still Up

Egypt has officially cut off Internet access to the country, marking the first time in the history of the Internet when a nation-state has gone dark. Other nations, though, seem reluctant to follow suit.

Cairo is burning

Anti-government demonstrations have swept across Egypt despite a 6 am-7 pm curfew imposed by the state and a vow by President Hosni Mubarak to get tough with protesters demanding his ouster.

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