CAIRO: An Egyptian government minister is warning that investors are beginning to question Egypt’s stability over fears the revolt in Tunisia could spur unrest elsewhere in North Africa and the Middle East.
Minister of Industry and Trade Rachid Mohamed Rachid told reporters Sunday the situation in Tunisia and its reverberation throughout the region "worries lots of people" and "raises questions about political stability."
Rachid instructed assistants to issue daily statements about new foreign investment to give a reassuring message.
Last week, Egypt’s stock market dropped 8 percent. Cairo’s index fell slightly Sunday, its fifth drop in six sessions after local activists, inspired by Tunisia’s overthrow of its autocratic president, called a nationwide protest against torture, poverty, corruption and unemployment for Tuesday, a national holiday that honors Egyptian police.
The benchmark EGX 30 eased 0.04 percent to 6,697 points, Reuters reported.
