Saturday, 5 February 2011

Mubarak moves to restart economy

Banks will reopen on Sunday and the stock market on Monday, as Finance Minister Samir Radwan said the economic situation was "very serious".

Protesters in Tahrir Square, 5 FebEgyptian President Hosni Mubarak has held talks with ministers to try to revive an economy hit by a wave of anti-government protests.
Analysts say the uprising is costing the country at least $310m a day.
Protesters remain in Cairo's Tahrir Square following Friday's mass rally calling for Mr Mubarak to resign.
Separately on Saturday, there were also reports of an explosion at a pipeline that supplies gas to Israel and Jordan. The blast caused a fire near el-Arish, Egyptian state television reported.
'Solid base' Mr Mubarak has said he will not stand for re-election in September but insists he must stay until then to prevent chaos in the country. Protesters demand that he goes immediately.Read More

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