Waiting for financial stability: Election won’t end investor worries about Egypt
Economic issues - corruption and poverty - were high on the list of protesters' complaints during the Arab Spring and the subsequent uncertainty has worsened the economic position of the Middle East's most populous nation, says Una Galani
May 22, 2012 3:27 by Reuters
In practice, it will not be so easy. The president’s powers have not yet been defined and may be limited by the military, which is thought to control more than one third of the economy. Corrupt practices are unlikely to disappear without a fight. And subsidy cuts, if communicated and implemented poorly or too quickly, could reignite mass protests.
Reform-minded or not, the new president will have his hands full with political questions: agreeing on a new constitution and establishing civilian rule. Investors will have to wait for financial stability.
- Una Galani
Pages: 1 2
More on Analysis
-
Qatar Should Consider More Flexible Exchange Rate – Central Banker
-
Yahoo on Tumblr: ‘we promise not to screw it up’
-
Arabtec workers: strike will continue
-
Kuwait: expats sent packing
-
Dubai Labourers on ‘rare’ labour protest
-
Tumblr officially off the market
-
A major step for Turkey
-
Dusting off the Emirates ID card
-
Turkish Airlines Can Ride Out Turbulence
-
Air Berlin doesn’t need Etihad’s help
-
Turkey’s IMF emancipation deserves cautious cheer
-
Nokia charging back with full force
-
LinkedIn won’t tolerate ‘unlawful’ activities
-
Drake and Scull chief dismisses speculation
-
Kuwait could sign plane deal in May
-
Abu Dhabi’s new financial zone ‘complements Dubai’
-
TRA denies harsh ‘skype penalty’
-
For banks in cyber heist, how to get their money back?
-
Ending the year on a profitable note – nasair
-
Coca-Cola says no more ads for children
Lately on Kipp
-
Qatar Should Consider More Flexible Exchange Rate – Central Banker
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Yahoo on Tumblr: ‘we promise not to screw it up’
-
Sourcefire Delivers Unprecedented Visibility And Tracking Of Malware
-
Starcom MediaVest Group wins Yas Marina Circuit account
