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Egyptian markets rally on military coup and removal of Islamist president

Posted on 04 July 2013 with no comments from readers

Egyptian stocks surged and bond yields fell after the military coup yesterday that deposed its first democratically elected president, widely seen as an economic disaster for the country.

Bloomberg Middle east Editor Elliott Gotkine looks at market reaction in Egypt as interim President Adly Mansour is sworn in to replace Mohamed Mursi who was removed by the army after ignoring protestors’ calls to resign. He speaks on Bloomberg Television’s ‘The Pulse’…

Posted on 04 July 2013 Categories: Banking & Finance, GCC Economics, GCC Real Estate, GCC Stock Markets, Global Economics, Investment Gurus, Video Channel

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