Cheers and jeers to Morsi's victory

After the numerous political turmoils in Egypt the county is on the verge of another precipice, this time an economic one. Both the Egypt’s government and its Western associates are hoping that the IMF will approve a $4.8 billion bailout plan for the country, reported Financial Times. If the first transaction is endorsed is would trigger a larger package of external capital, letting near $14.5 billion to roll into Egypt.   

It's been a tumultuous two years since Egypt became a democracy, and citizens are recognizing its anniversary by gathering to protest against President Mohamed Morsi. 

Reporting live from Cairo: It's been more than two years since Egypt's revolution, but no one knows what will happen next.

Egypt will keep all state-owned firms in public hands, President Mohamed Morsi said in a speech on Tuesday, calling a halt to a flawed privatization program that failed to kick-start the country's economy. "There will not be any more selling of the public sector again. That is over," said Morsi in a speech to metal industry workers in a Cairo suburb during celebrations ahead of Labor Day. Egypt's economy has slowed rapidly since the popular uprising that toppled President ...

Clashes killed at least 31 people in Egypt's Port Said as violence raged into the early hours of Sunday in several cities including the capital following death sentences passed on 21 football fans after a riot.