Former Central Bank of Egypt Governor Mahmoud Abul Oyoun is the most likely nominee for prime minister, a source from the presidential office told Al-Masry Al-Youm.

Former presidential candidates Khaled Ali, Hamdeen Sabbahi and Abdel-Moneim Abul-Fotouh have all expressed their disapproval of the decree issued Sunday by recently-inaugurated President Mohamed Morsi reinstating the People's Assembly (the lower house of Egypt's parliament), dissolved last month by order of the military.

The Supreme Constitutional Court’s general assembly will meet Monday to discuss how to respond to President Mohamed Morsy’s decision to reinstate the People’s Assembly, which the court had dissolved in a ruling last month.

Field Marshal Hussein Tantawi welcomed President Mohamed Morsi during the 41th armed forces graduation ceremony on Monday, just one day after the Supreme Council of the Armed Forces (SCAF) had a closed emergency meeting about the president's controversial Sunday decree reinstating the dissolved parliament.

Members of the 25 January Revolution Youth Coalition have grown divided over the decision by some members to dissolve the group.

The acting spokesperson for the presidency, Yasser Aly, has dismissed news that President Mohamed Morsy intends to appoint himself prime minister.

Members of the Revolution Youth Coalition (RYC) held a press conference at El-Sawy Centre early Saturday to officially announce the dissolution of the umbrella group that was widely regarded as a driving force of the 25 January 2011 uprising.

A Suez appeal court judge renewed the detention of the three defendants accused of killing a student in Suez 7 days until the case can be further studied.

A lawsuit demanding the dissolution of the Shura Council was referred to the Supreme Constitutional Court on Saturday.

The State Council's Administrative Court postponed the case demanding the former President Hosni Mubarak be transferred to a military hospital to 16 October on Saturday. Judges said the extra time was needed to complete needed documents.

Freedom of religion, the fate of the Information Ministry and the possibility of re-staging presidential elections after the constitution is drafted were all discussed during the Constituent Assembly’s meeting on Wednesday.

There is no 'Committee for Promotion of Virtue and Prevention of Vice' in Egypt as has been rumoured of late, Yasser Ali, acting spokesman for Egypt's newly-inaugurated President Mohamed Morsi, said on Wednesday.

Former Finance Minister Samir Radwan sharply criticized Egypt’s 2012/13 budget, which came into force two days ago. It fails to respond to the demands of growth or to accommodate the Renaissance Project President Mohamed Morsy has adopted as his economic platform, Radwan claimed.

Following the election of the Muslim Brotherhood's Mohamed Morsi as Egypt's first freely-elected president, the identity of Egypt's incoming prime minister remains open to question – as does his ability to freely appoint a new government.

The Helwan Court of Misdemeanors on Wednesday gave director Ashraf Nabil Awad a suspended sentence of six months imprisonment and ordered his release after he was accused of slandering former presidential candidate Ahmed Shafiq.

The price of gas sold to factories that are not energy intensive has been raised to US$3 per million thermal units, up from $2.30, said Egyptian Natural Gas Holding Company Chairman Mohamed Shoeib on Wednesday.

About a hundred journalists from various state-owned newspapers protested in front of the journalists' syndicate on Tuesday afternoon, objecting to interference by the Shura Council (the upper house of Egypt's parliament) in the Supreme Press Council, which is responsible for appointing editors-in-chief of state-owned media.

Hassan al-Brince, a Freedom and Justice Party leader, said ongoing protests in front of the Orouba Palace are a conspiracy to bring down President Mohamed Morsy.

A group of political figures, who had announced their support for Mohamed Morsi before he won the presidential election, have formed a delegation to discuss with him who should be included in his new government. Morsi has promised that the new cabinet will be representative of all political factions and not dominated by the Muslim Brotherhood.

Egypt's stocks slowed their gains slightly on Tuesday but still finished in the green. Main index EGX30 rose by 0.8 per cent, recording 4,984.13 points - a small rise compared to Monday's climb of around 5 per cent.

The Constituent Assembly is in a race against time. The assembly, which is tasked with drafting Egypt’s next constitution, could be dissolved on 4 September, when a State Council Administrative Court will rule on its constitutionality.