Banks Close Before Time Ahead Of Announcing Mubarak’s Successor

Banks, among other institutions in Egypt, are closing their doors in the final hours before the announcement of the official results of presidential election.

Fears are rising in the country that violence may erupt after revealing the winner of presidential election at 3 p.m. (13:00 GMT). Muslim Brotherhood’s Mohamed Morsi had earlier claimed victory. Millions of his supporters may react with anger if Ahmed Shafik is announced as the winner.

Closing banks and institutions before their time arouses the possibility of extending curfew in Egypt.