A panel of experts set up by Egypt’s ruling military council to amend the constitution has unveiled the first set of political reform since the revolution

Egypt's general prosecutor has imposed a travel ban on ousted President Hosni Mubarak and his family pending further investigations.

He also ordered their financial assets inside the country frozen on Monday. The move follows a previous order for the family's financial assets abroad to be frozen, which the foreign ministry has requested from foreign governments and financial institutions.

A panel of experts set up by Egypt's ruling military council to amend the constitution has unveiled the first set of political reform since the revolution.

Sobhi Saleh, a member of the judicial committee appointed by the military council, told Reuters news agency, that the army is set to cancel a law which gave ousted president Hosni Mubarak's administration the power to decide who was allowed to form a party.

The panel is also expected to call a referendum in March on historic changes to the constitution unveiled on Saturday, including reforms that will open up competition for the post of president which Mubarak held for 30 years.

Both steps will be milestones along the road to elections, which officials have signaled could happen within months.

Egyptians hope for a new democratic era, though some are concerned that the transition from decades of autocracy is too fast.

While the proposed changes allow new political parties, restrictions on the participation of religious organizations have not been lifted.

In the meantime, Arab League Secretary General Amr Moussa announced he will run for presidential election in his homeland Egypt on Sunday following the announcement of constitutional amendments.

The new constitution limits presidency to two terms and allows for more competition.

Military council on Saturday apologized after police used force to break up a recent protest rally in Cairo's Tahrir Square.