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CAIRO, May 22 () -- Egyptians will go to the polls to elect a new president on Wednesday. The following are major events in Egypt since the Supreme Council of the Armed Forces (SCAF) took over power after the country's former President Hosni Mubarak was toppled in popular protests in February 2011:Feb. 11, 2011: After 18 days of anti-government protests, Hosni Mubarak resigned and handed over power to the SCAF forces, ending his 30-year rule.Feb. 13, 2011: The army suspended the constitution and dissolved the parliament.Feb. 21, 2011: Egypt's top prosecutor Abdel-Meguid Mahmoud ordered to freeze the assets of Mubarak and his family.March 3, 2011: The caretaker government led by Prime Minister Ahmed Shafiq resigned.March 7, 2011: The new transitional government led by Prime Minister Essam Sharaf took office.March 19, 2011: Egypt held a referendum on a new constitution, with more than 70 percent of voters saying "yes".April 9, 2011: Major new rally in Cairo to demand the trial of Mubarak. At least one person was killed.April 13, 2011: Mubarak and his two sons, Alaa and Gamal, were detained for 15 days.April 16, 2011: The Higher Administrative Court dissolved Mubarak's National Democratic Party.April 30, 2011: The Muslim Brotherhood announced the formation of the Freedom and Justice Party.June 1, 2011: Egyptian court set the date of Aug. 3, 2011 for the trial of Mubarak and his two sons.June 28-29, 2011: A total of 1,036 protesters were injured in clashes with security forces in Cairo 's Tahrir Square. They protested against the military rule and the slow pace of trials of former officials.Aug. 3, 2011: The Cairo Criminal Court opened the trial of Mubarak, his two sons, ex-Interior Minister Habib Adli and six police officers. Businessman Hussein Salem was tried in absentia.Aug. 15, 2011: Mubarak appeared in court for the second time.Sept. 9, 2011: Three died and 1,049 others injured during protests at the Israeli embassy in Cairo. The Egyptian protesters stormed the embassy building and forced the evacuation of Israeli ambassador and major staff.Sept. 27, 2011: Egypt set the first phase of the parliamentary polls for Nov. 28, 2011.Oct. 9, 2011: Security forces clashed with protesters, mostly Copts, in front of the Egyptian TV building in Cairo, leaving at least 24 dead and hundreds injured.Nov. 18, 2011: Thousands of people started to protest in central Cairo and other cities, calling for an end to the military rule.Nov. 20, 2011: The caretaker cabinet headed by Essam Sharaf tendered resignation, after at least 28 people were killed and nearly 2,000 others injured in new clashes between protesters and riot police.Nov. 22, 2011: The ruling military council said the presidential election will be held in mid-2012 and the council will transfer power before July 1, 2012.Nov. 28, 2011: The first stage of parliamentary elections was held.Dec. 7, 2011: The new cabinet led by Prime Minister Kamal al- Ganzouri was sworn in.Jan. 21, 2012: The People's Assembly vote results were announced. The Muslim Brotherhood won 47 percent of the seats while the Salafist Nour Party won 25 percent.Jan. 29, 2012: The first stage of the Shura Council (upper house) started.Feb. 25, 2012: The results of the Shura Council elections were announced. The Muslim Brotherhood and Salafist Nour Party won more than 80 percent of the seats.March 10, 2012: Candidacy doors were opened for accepting the papers of the presidential candidates.March 25, 2012: Egyptian parliament elected the 100-member constituent assembly which was dominated by Islamists.March 31, 2012: The Muslim Brotherhood nominated its deputy chairman Khairat al-Shater for the presidential post and later head of Freedom and Justice Party Mohamed Morsy as the backup.April 10, 2012: An Administrative Court decided to suspended the constituent assembly.April 26, 2012: The Higher Presidential Elections Committee announced the list of 13 qualified candidates. Khairat al-Shater, former Vice President Omar Suleiman and eight others were disqualified.April 30, 2012: The presidential candidates began their electoral campaigns, which ended on May 20.
TOKYO, Nov. 28 () -- Japan will likely see its gross government debt rise despite current measures to counter the deficit including tax hikes and spending cuts, the Organization for Economic Cooperation and Development (OECD) said in a report Monday.According to the OECD's twice-yearly Economic Outlook report, despite planned tax hikes and spending cuts, Japan will see government debt rise to 230 percent of GDP in 2013, meaning the nation's public finances, already the worst in the industrialized world, are set to worsen further."A detailed and credible fiscal consolidation plan to meet the government's target of achieving a primary budget surplus and stabilizing the public debt ratio by FY 2020 is a top priority," the OECD report warned.The OECD, in addition to Japan's rising government yields, also warned of a slowdown in the global economy as adding pressure to Japan's tattered finances and urged Japan to create an "objective fiscal assessment body" to deal with the nation's mounting fiscal obstacles.The Paris-based organization said that while it expects Japan's economy to grow 2 percent for 2012, downgrading its earlier forecast for a 2.2 percent expansion, and by 1.6 percent in 2013, unfavorable currency moves dragging down the nation's key export sector and the ongoing fallout from the debt-plagued eurozone will ensure the continuation of deflationary pressure through 2013, the organization said.The slowdown in Japan's economic growth will be due to post- quake reconstruction costs receding, the OECD said, and despite some relief provided by increased domestic capital spreading and improving global demand, the organization recommended Japan review its tax strategy in the best interests of the economy.Currently, Japan plans to raise corporate taxes to help finance reconstruction and burgeoning social welfare costs, set to rise as Japan's ever-greying population increases, will be met by a hike in the sales tax. But the OECD instead suggested Japan lower corporate taxes and raise the sales tax to boost revenue.The OECD said in the wake of the March disasters that Japan should immediately double its sales tax from 5 percent to 10 percent and in its latest outlook recommends hiking the rate of the controversial tax as high as 20 percent to raise much needed revenue.The organization also called on Japan's central bank to do more to underpin the economy and unroll more monetary easing measures, including further expanding its asset-purchasing program in order to "bring a definitive end to more than a decade of deflation."The troubled eurozone and the health of the U.S. economy presented notable downside risks to the health of the global economy, the OECD said, and in particular further unchecked debt contagion in Europe's single-currency region could derail the entire global economic recovery."Without preventive action, events could strengthen such pressures and plunge the euro area into a deep recession with large negative effects for the global economy," the OECD said.
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