Wednesday, 14 September 2011

Egypt index tumbles after anti-Israel protest - FT.com

Egypt’s stock market took a fall this week after relations deteriorated with its neighbour Israel and the government hastily reversed new rules that might have hurt tourism.
Israel evacuated its Cairo-based diplomatic staff on Saturday after parts of its embassy were breached in a violent protest that left three dead and more than 1,000 injured.

Adding to the tension, the military authorities on Sunday widened emergency laws and clamped down on the press, raising fears of a curtailment of liberties.

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