The next domino?
Investors seem to be betting on Hosni Mubarak as the next corrupt Arab ruler to go. Panicked by the events in Tunisia, foreign investors in the Egyptian bourse (stock exchange) have been liquidating their positions and expatriating their capital out of Egypt quickly. Some stocks have lost 50% of their value. As a whole, the losses sustained by the Egyptian bourse in the last few days are estimated at $4.3 billion. Egyptian institutions and funds have stepped in to stabilize the bourse.Hmmm.
Source: Al-Sharq Al-Awsat, London, January 19, 2011
Labels: Egyptian exodus, Hosni Mubarak, Tunisia
posted by Carl in Jerusalem @ 4:43 AM
3 Comments:
His son Gamal is likely to succeed him as President. At the moment he and his family have the full support of the army and the Egyptian elite and that doesn't appear to be changing for the foreseeable future.
Hosni may go but that would not bode well for Israel or the West. An Islamist Egypt is a dangerous Eygpt and will unfortunately have to be crushed.
Call me crazy...
It's time for the arab and islamic world to implode.
the only way the world will see the insanity is if it stares at them straight into the eye.
but I doubt it, but I have no doubts that the shits verses the suns conflict (as well as 100 other conflicts within the islamic/arab/iranian cultures) will travel across the globe faster than arafat could get the pants off a 12 year boy...
Post a Comment
<< Home