Wednesday, 16 February 2011

MIDEAST DAYBOOK: Egypt Trading Cancellation; Union Properties - Bloomberg

Egyptian regulators, confronted by investors angry over stock losses and a closed exchange, said they will weigh the cancellation of transactions that led to the biggest tumble in the EGX 100 Index in more than two years.

Bahraini protesters may rally for a third day today after the funeral for the second demonstrator killed during clashes in the Persian Gulf state.

Investment Dar Co.’s agreement to change Shariah-compliant debt terms last week may help revive sukuk sales after their 2010 tumble.

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