Egypt Economy Falters as Cairo Clashes Leave 11 People Dead
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Clashes between Egyptian protesters and the army threatened to further undermine the ailing economy, as the benchmark index slumped the most in almost a month and the country missed its target on the sale of Treasury bills.
Soldiers and security forces fought with demonstrators in Cairo for a fourth day today. At least 11 people have been killed in the latest bout of violence, which began Dec. 16 as the army tried to disperse protesters who were demanding that the ruling generals hand over power. About 500 people were injured in the clashes, Health Minister Fouad el-Nawawy said. In the North Sinai, the pipeline that exports Egyptian natural gas to Jordan and Israel was attacked for the 10th time this year.