Monday, March 18, 2013

Egypt's wealthiest man now on no-fly list, stock drops 2.3%

Nassef and Onsi Sawiris are now on Egypt's no-fly list, a decision made by Egypt’s general prosecutor which led the main stock index to fall by 2.4%. Osni said earlier in the month that he was being "deliberately targeted" by the government and the Islamic Brotherhood because of liberal opposition. This conservative move is worrisome for western civilizations for fear of Egypt ending up like Afghanistan in the Afghanistan Islamic revolution. This poses particularly high risk for the United States as the relationships between the US and other Islamic nations, particularly Iran, are in high tensions. 


http://www.economist.com/blogs/pomegranate/2013/03/business-egypt?fsrc=scn%2Ftw%2Fte%2Fbl%2FFeelingthesqueeze

No comments:

Post a Comment