Egypt Stocks Drop Most in World Amid Turmoil, Political Standoff
By: Ahmed A. Namatalla on January 29, 2013
Source: Bloomberg News
Egypt’s shares fell the most in the world after the country’s main opposition bloc rejected talks with President Mohamed Mursi, signaling the nation’s political crisis may be prolonged.
The North African country’s benchmark EGX 30 Index (EGX30) retreated 2.1 percent to 5,490.36 as of 1:30 p.m. in Cairo. That’s the biggest drop among 93 indexes tracked by Bloomberg. The gauge has retreated 3.5 percent this week as escalating violence left dozens dead since the second anniversary of the Jan. 25 uprising that ousted President Hosni Mubarak.
Egyptian Defense Minister Abdelfatah Al-Seesi warned… click here to continue.
Egypt’s Chronic Public Service Nightmare Leaves Citizens by Wayside
Train, car crashes and a building collapse lead Egyptians to wonder who’s watching out for them. Click here to continue.
By: Nancy M. Salem
Source: Vancouver Observer