Prince Talal Bin Abdul Aziz, President of Arabian Gulf for Development (AGFUND), said that it was decided to postpone the 12th ceremony of handing the international prize of AGFUND for pioneering human development projects for the year 2011, which was to be held in Egypt before the end of this year. Prince Talal attributed the postponement to the circumstances experienced by the Arab Republic of Egypt which is preparing for elections in the coming period. Prince Talal said another date for the ceremony will be set later.