Egypt Cabinet Denies Central Bank Chief Resigns

Egypt's cabinet denied on Saturday that the country's central bank head had stepped down, state television said, hours after reporting Faruq El-Okda's resignation.

There was no immediate explanation for the conflicting reports.

The press had speculated for days that El-Okda would resign for health reasons.

Source: Agence France Presse

Copyright © 2012 All Rights Reserved.