Sunday, 25 March 2012

STOCKS NEWS MIDEAST-Egypt shares tumble on renewed worry over economy - Yahoo! News UK

Egyptian shares tumble after a gasoline shortage, a transport strike and tensions between the ruling army and the
Muslim Brotherhood raise concerns the country may entering a new round of economic and political instability, traders say.
Long queues began snaking outside of petrol stations late last week and continued over the weekend, drivers say. Energy analysts have said the government is finding it increasingly hard to come up with the foreign currency it needs to import gasoline.
At the same time, a transport strike that has kept buses off the streets for more than a week prompted the army to move some of its buses to help get at least some of the people affected to work.

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