Egypt

Hospital: Mubarak ‘progressing well’

Berlin–Egyptian President Hosni Mubarak is doing well after undergoing gallbladder surgery just over a week ago, a spokeswoman for the German hospital where he is receiving treatment said on Monday.

Mubarak, 81, who has ruled Egypt for almost three decades, had surgery on March 6, treatment that sparked rumors about the seriousness of his condition and weighed on Egyptian market share prices.

Egypt’s benchmark index dipped 2.4 percent on Sunday, partly sliding because of concerns about the health of the president, who has no designated successor.

"The recovery is progressing well," said the spokeswoman for Heidelberg University Hospital.

Mubarak has not said whether he will run again for a sixth six-year term in the 2011 presidential election. Many Egyptians believe that if he does not, he will try to hand power to his politician son, Gamal, 46. Both Mubaraks deny any such plan.

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