Thursday 3 February 2011

Violence in Egypt suggests Gulf bourse recovery premature « ArabianMoney

Gulf stock markets rallied yesterday on news that Egypt’s President Mubarak will not be standing at the election in September. But later violence erupted on the streets of Cairo as pro-government demonstrators attacked anti-regime demonstrators in what seemed a well organized counter revolution.

Does somebody in the background want to remind Egyptians of the dangers of civil war? Perhaps the same mastermind that sent the police home while looters took advantage of the protests to ransack property?

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