Sunday, January 23, 2011

Egypt Says Tunisia Turmoil Worrying Investors

Egypt says Tunisia turmoil worrying investors

The Associated Press
Sunday, January 23, 2011; 9:19 AM

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 Commerce Rachid Mohammed 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. There are plans for demonstrations in Egypt Tuesday to demand political reforms, and organizers say they are drawing inspiration from Tunisia.

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