Middle East Economic Survey

VOL. XLVII

No 44

1-November-2004

Egypt Pushes Ahead With Reform

In Egypt investors appeared to shrug off the recent bombings in the resort of Taba as stocks jumped on strong third quarter results and anticipation that those companies still left to report would also post good profits. However, investor sentiment aside, there are concerns that the Taba bombings, which left 34 dead, could ultimately cut into tourism revenue Egypts biggest foreign exchange earner at a...