Latest in Tag: elections Highlight

Latest in Tag: elections

Sabahy’s challenge

Egypt’s leftist politician Hamdeen Sabahy has become the second candidate after ex-army chief Abdel-Fattah Al-Sisi to formally join Egypt’s presidential race. The Sisi/Sabahy presidential race evokes memories of the farcical Mubarak/Ayman Nour election in 2005. Nevertheless, some perceive Sabahy’s challenge as a brave one. However, regardless of the intentions of the military-backed interim authority and how it …

Nervana Mahmoud

Syria calls presidential elections for 3 June

AFP- Syria said Monday it will hold presidential elections expected to return President Bashar Al-Assad to office on 3 June, despite a civil war that has killed more than 150,000 people. Underlining the ongoing violence in the country, mortar fire hit near the parliament building shortly before the election date was announced, killing two people. …

Daily News Egypt

Egypt bourse rebounds

Reuters – Egypt’s index, which had lost 8% of its value in the previous three sessions, rebounded on Tuesday to close 1.5% higher. The dip was a result of profit-taking by investors who had built up positions in anticipation of former army chief Abdel Fattah Al-Sisi’s run for president. Sisi, who investors hope will stabilise …

Daily News Egypt

Egypt’s bourse posted its biggest percentage loss in seven months

Reuters – Egypt’s bourse posted its biggest percentage loss in seven months on Monday as local investors continued to book profits on positions built in anticipation of former army chief Abdel Fattah al-Sisi’s run for president. The main Cairo index tumbled 3.6% to 7,805 points, dropping for a third session in a row, as all but two of …

Daily News Egypt