Sunday 16 December 2012

STOCKS NEWS MIDEAST-Fresh violence in Egypt; Saudi gains to support Gulf - Yahoo! News Maktoob

Fresh violence in Egypt will weigh on investor sentiment after Islamists attacked the offices of an opposition party newspaper on Saturday, as people voted on a new constitution.
Egyptians voted narrowly in favour of a constitution shaped by Islamists and which opponents said was a recipe for deepening divisions in the nation, officials in rival camps said on Sundaym after the first round of a two-stage referendum.
The result based on unofficial tallies, if confirmed for this round and repeated in Saturday's second stage, may give Islamist President Mohamed Mursi limited cause for celebration as it shows the wide rift in Egypt at a time when he needs to build consensus on tough measures to heal a fragile economy.

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