So far, so good for Egypt but economic reform set for delay - The National

Markets have so far reacted favourably to the victory of the Muslim Brotherhood's Mohammed Morsi in Egypt's first post-revolution presidential elections.

The near 13 per cent rise by the EGX30 Index - since the result was announced - reflects relief that the political process prevailed in spite of fears that the military might override the will of the people.

Mr Morsi's initial calls for an inclusive government have also been welcomed.

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