This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Egypt to Vote on Constitutional Changes

NEW YORK ( TheStreet) -- Egypt's Supreme Council of the Armed Forces will oversee a vote on constitutional changes on March 19 as a prelude to the nation's democratic parliamentary elections in June, Reuters reported, citing an army source.

The military has been running the nation since the overthrow of Hosni Mubarak on Feb. 11.
Egypt Uprising: Mubarak's Downfall in Pictures

Youth activists in the Coalition of Revolutionary Youth said the military informed them of the order of upcoming elections and events on Sunday.

"The armed forces council told us the referendum on constitutional amendments would take place on March 19 and the People's Assembly election would be held in June," said coalition member Zyad El-Elaily, according to Reuters. "Presidential elections would be held a month and a half later."

The council told the coalition on Sunday that it is "committed to see a civilian government set up within the six-month period and refused to consider extending the period," Elaily said, reflecting its eagerness to hand over power.

"The time frame the young people announced is a preliminary timetable for the key events within the coming months," an army source told Reuters when asked about the youth leaders' comments.

The proposed constitutional amendments aim to relax restrictions on presidential candidate eligibility and remove autocratic laws that allowed Mubarak to stay in power for three decades.

The military vowed to guard against a "counter revolution" on speculation that Mubarak loyalists would try to hold onto power.

Protesters gathered in Tahrir Square on Friday to call for Prime Minister Ahmed Shafiq's immediate removal, Reuters reported, after he was appointed by Mubarak in his last days in office.

--Written by Theresa McCabe in Boston.

>To contact the writer of this article, click here: Theresa McCabe.

>To follow the writer on Twitter, go to @TheresaMcCabe.

>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.99 -0.02%
FB $99.54 -0.21%
GOOG $678.11 -0.68%
TSLA $148.25 0.18%
YHOO $26.82 -0.85%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs