CAIRO (Reuters) – President Mohamed Mursi admitted on Wednesday that Egypt’s economy faces serious problems after he enacted a new, bitterly contested constitution that is supposed to help end political unrest and allow him to focus on the financial crisis.
The president said the economy also had great opportunities to grow, but earlier the Egyptian pound tumbled to its weakest level in almost eight years as ever more people rushed to buy dollars and withdraw their savings from banks.
CAIRO (Reuters) – Egypt announced on Tuesday voters had approved overwhelmingly a constitution drafted by President Mohamed Mursi’s Islamist allies, and the government imposed currency restrictions to cope with an economic crisis worsened by weeks of unrest.
Final figures from the elections commission showed the constitution was adopted with 63.8 percent of the vote, giving Islamists their third straight victory at the polls since Hosni Mubarak was toppled in a 2011 revolution.
CAIRO (Reuters) – Egypt is expected to announce on Tuesday that voters approved a new Islamist-backed constitution, and the government slapped limits on carrying cash abroad to save the economy from collapse after weeks of street violence and political disarray.
President Mohamed Mursi, an Islamist elected this year after a 2011 revolution toppled long-serving autocrat Hosni Mubarak, has been accused by liberal, leftist and Christian opponents of ramming through a basic law mixing religion with politics.
CAIRO (Reuters) – Egyptian judges were investigating opposition accusations of voting fraud on Monday before declaring the result of a referendum set to show that a contentious new constitution has been approved.
President Mohamed Mursi sees the basic law, drawn up mostly by his Islamist allies, as a vital step in Egypt’s transition to democracy almost two years after the fall of military-backed strongman Hosni Mubarak.
CAIRO (Reuters) – An Islamist-backed Egyptian constitution won approval in a referendum, rival camps said on Sunday, after a vote the opposition said would sow deep social divisions in the Arab world’s most populous nation.
The Islamist Muslim Brotherhood, which propelled President Mohamed Mursi to power in a June election, said an unofficial tally showed 64 percent of voters backed the charter after two rounds of voting that ended with a final ballot on Saturday.
CAIRO, Dec 23 (Reuters) – A constitution drafted by an
Islamist-dominated assembly was approved by a majority of
Egyptians in a referendum, rival camps said on Sunday, after a
vote the opposition said drove a wedge through the Arab world’s
most populous nation.
The Muslim Brotherhood, which propelled President Mohamed
Mursi to power in a June election, said 64 percent of voters
backed the charter after two rounds of voting that ended with a
final ballot on Saturday. It cited an unofficial tally.
CAIRO, Dec 23 (Reuters) – Early indications showed Egyptians
approved an Islamist-drafted constitution after Saturday’s final
round of voting in a referendum despite opposition criticism of
the measure as divisive.
An official from the Muslim Brotherhood’s political party,
which backs Islamist President Mohamed Mursi, said that after
nearly 4 million votes had been counted there was a majority of
74 percent in favour of the constitution.
CAIRO (Reuters) – Early indications suggested Egyptians approved an Islamist-drafted constitution in Saturday’s second-round referendum despite opposition criticism of the measure as divisive.
As counting began, an official from the Muslim Brotherhood’s political party, which backs President Mohamed Mursi, said a sample of a few hundred thousand votes had “yes” in the lead.
CAIRO, Dec 20 (Reuters) – Egypt’s chief public prosecutor,
forced to quit this week after opposition protests, retracted
his resignation on Thursday, setting the stage for more turmoil
as the nation votes in a referendum on its political future.
Prosecutor Talaat Ibrahim, appointed by President Mohamed
Mursi when he assumed sweeping new powers last month, said he
had changed his mind because his resignation on Monday had been
offered under duress.
CAIRO (Reuters) – Opponents of Egyptian President Mohamed Mursi staged protests in Cairo on Tuesday against an Islamist-backed draft constitution that has divided Egypt but looks set to be approved in the second half of a referendum this weekend.
Several hundred protesters outside the presidential palace chanted “Revolution, revolution, for the sake of the constitution” and called on Mursi to “Leave, leave, you coward!”. While the protest was noisy, numbers were down on previous demonstrations.