Middle East Focus: Egypt Bourse Down on Mubarak, the Throne that Nasser Overthrew……

Arabia Deserta

Egypt Bourse Down on Mubarak, the Throne that Nasser Overthrew……

“Egypt bourse falls on Mubarak health worries. Share prices fell in Egypt on Monday over what analysts said were concerns about the health of President Hosni Mubarak who has not appeared in public since surgery in Germany on March 6. Egypt's benchmark EGX 30 index fell 3.84 percent by the close, after a fall of 2.40 percent on Sunday. "There is uncertainty in the stock exchange, particularly among Egyptian investors, due to worries about the health of President Mubarak," an expert at a large financial house in Cairo said on condition of anonymity. "This will carry on until he makes an appearance," a financial analyst said, echoing the view of many in the sector…….”

So, it will continue until he "makes an appearance”? Now Mubarak is the awaited Messiah and the vanished Mahdi both rolled in one mummy?
That is for the investor class, but very few Egyptians are part of any investing class in a hand-to-mouth economy. What do the rest of them think of all this, of the “laughing” genius who may die without leaving a system for transfer of power. Just to get one of his lousy sons to inherit the throne that Naguib and Nasser overthrew in 1952, the throne they wrested away from feudalism.
The people of Egypt think and muse out of earshot of the secret police, and the oligarchy “basij” we don’t hear much about in the media?
Cheers
mhg

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