The new Egyptian government faces an immediate challenge to restore confidence in the economy after more than 15 billion Egyptian pounds (Dh9.1bn) was wiped off the value of leading shares sinceHosni Mubarak was forced out as president in February last year.
Mohamed Morsi, of the Muslim Brotherhood, was elected president with 51.7 per cent of the vote yesterday, defeating Ahmed Shafiq, a former general, the state election committee said.
"Egypt is in a much more fragile place than it was before the revolution," said Saleem Khokhar, the head of equities at National Bank of Abu Dhabi (NBAD).
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