Monthly Archives: November 2011

November 26,2011  The ongoing public unrest in Egypt is now threatening to devastate the country’s economy and turn into a full-bore financial crisis. http://www.newser.com/story/134122/egypt-protests-send-economy-into-crisis.html

November 25,2011 An Egyptian party head has said that they admired Turkey’s experiences on economy and democracy. http://www.turkishweekly.net/news/126970/egyptian-party-head-says-they-admire-turkey-39-s-experiences-on-economy.html

November 24,2011  Ratings agency Standard & Poor’s on Thursday pushed Egypt’s sovereign credit ratings deeper into junk status, citing the country’s dire political and economic situation and the increased risk of civil strife. http://www.washingtonpost.com/business/economy/standard-and-poors-cuts-egypt-sovereign-rating-on-political-crisis-outlook-negative/2011/11/24/gIQAWOBTrN_story.html

November 24,2011 Following new clashes in Tahrir Square in Cairo, stock market indices went into free fall.the main tracker of Egyptian stocks, declined to its lowest level in 32 months on Monday and Tuesday. http://weekly.ahram.org.eg/2011/1073/eg42.htm

November 24,2011 The Central Bank may raise interest rates when it meets later Thursday, say experts, as concerns grow over Egypt’s economic stability. http://english.ahram.org.eg/NewsContent/3/12/27477/Business/Economy/Egypts-central-bank-mulls-slight-rise-in-interest-.aspx