VOL. XLII

No 41

11-October-1999

EGYPT

New Prime Minister Boosts Market Sentiment In Egypt

Egypts Capital Markets Authority index rose 0.69 points to519.05 on 5 October following the news that President Husni Mubarak hadappointed the former Minister of Public Enterprise, Dr. 'Atif 'Ubaid, as primeminister after the resignation of the government led by Mr. Kamal Ganzuri.International and Egyptian financial circles welcomed the news. Investment bankEFG Hermes said in a press statement issued the...