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Latest News

Egypt finmin: bourse losses greater than fin crisis-TV

Egyptian stocks have lost more than 21 percent since the start of this year.

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February 3, 2011 1:01 by



Egyptian Finance Minister Samir Radwan said current stock market losses exceed losses seen during the global financial crisis, Arabiya television channel said in an alert on Thursday.

It did not provide further details.

Egyptian stocks have lost more than 21 percent  since the start of this year as protesters, demanding an end to President Hosni Mubarak’s rule, camp in Cairo’s streets, forcing financial markets to be shut for the fifth working day in a row.

(Writing by Rania El Gamal; Editing by Reed Stevenson)



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