Egypt's supply minister confirms he is leaving his post
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
CAIRO (Reuters) - Egypt's Minister of Supply Khaled Hanafi confirmed his resignation to the cabinet in an announcement aired on state television on Thursday.
Hanafi's resignation comes amid a high-profile corruption probe into whether millions of dollars intended to subsidize farmers were used to purchase wheat that did not exist.
The Ministry of Supply is in charge of Egypt's massive food subsidy program.
(Reporting By Maha El Dahan and Asma Alsharif; editing by Susan Thomas)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Iran's supreme court upholds tycoon's death sentence for graft
- Grieving Brazilian town receives bodies of soccer crash victims
- Thai activist 'first to be arrested for royal insult' under new king
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!