VOL. XLII

No 43

25-October-1999

EGYPT

Egypt痴 Cabinet Change Shifts The Balance Of EconomicDecision-Making

While Wall Street is caught in the midst of a "bearhug", analysts are predicting that the Egyptian stock market is in thevery early stages of a bull-run prompted by the cabinet changes announced on 10October. A number of problems, namely a dollar shortage and exchange rateinstability and the way in which they were dealt with, created nervousness onthe part of foreign investors, most clearly...