Egypt: retail after Mubarak | beyondbrics – FT.com

The heady excitement on Cairo’s streets which followed the ouster last month of Hosni Mubarak, the former president, has been replaced by gloom, at least if you are an Egyptian shopkeeper having to cope with a dramatic drop in business.

As tourists fled and local and foreign investors took fright at the political uncertainty which followed the fall of the Mubarak regime, the economy has taken a hit.

“I used to sell five televisions a day, now I sell two every three days,” said Hussein Radwan al-Ogeil, the owner of an electrical appliances shop in the upscale area of Zamalek.

* username: rupertbu