Quick Egypt Update: Hosni Mubarak is reported to be stepping down
11 February, 2011, 0:44. Posted by Zarathustra
Tags: Egypt, Hosni Mubarak, Politics
According to FT and other tweets, the Egyptian military said the protestors’ demand shall be met. It is now expected that Hosni Mubarak will be handing power probably to the Vice President, while information minister Anas el-Fekky denies that, stating that it is simply a rumour. According to Al Jazeera, the Hosni Mubarak will make a statement in a few hours Egyptian State TV.
Things to watch: Oil and Wheat.
Update: Hosni Mubarak refused to resign. The saga will continue…
For more news and analysis, visit Also sprach Analyst. Follow us on Twitter and Facebook.
Get our daily email update FOR FREE!
About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.