Prime Minister Hazem el-Beblawi, an economist and former finance minister, will start work on forming his new cabinet on Wednesday, first meeting liberal leaders Mohamed ElBaradei and Ziad Bahaa-Eldin
Violent clashes broke out in Cairo’s Tahrir Square between anti regime protesters and supporters of Mubarak, despite the army's call for protesters to return home. CNBC's Yousef Gamal El-Din told CNBC-TV18 that if the situation continues to get out of hand, Egypt's tourism which adds 11% to the GDP would nosedive, hurting the economy.