After Arresting NDP Official, Economic Expert Expects “A Settling Of Accounts Among The Powerful”
|Thursday, September 4,2008 06:21|
|By Mustafa Radwan|
“It is expected that there would be a settling of accounts among the powerful after arresting the NDP businessman Hisham Talaat Mostafa,” Professor of Economics at the
On the other hand, he warned of the absence of the Institutional Capitalism that puts the national economy at a high risk, adding that despite the fact that the case is a criminal one; the Egyptian Stock Market and the Egyptian Economy are influenced by the news away from economics, which confirms the fragility of the economic situation.
The Egyptian Stock Market witnessed Wednesday a sharp fall down following the retreat of most leading shares (Orascom Construction, Orascom Telecom, Hermes, and Al–Ezz for Iron).