Isht is real in Egypt.
Egypt In Crisis
According to Mail Online
Officials say sixteen people have been killed in clashes between supporters and opponents of Egypt’s president as the country faces the prospect of civil war. Unofficial sources claim the figure could be as many as 23.
The death toll comes after a night of violence outside Cairo University, which also left as many as 200 injured.
President Mohammed Morsi, who yesterday rebuffed an army ultimatum to force a resolution to Egypt’s political crisis, has made an emotional speech which was aired live to the nation.
The confrontation has pushed the most populous Arab nation closer to the abyss amid a deepening economic crisis two years after the overthrow of Hosni Mubarak, raising concern in Washington, Europe and neighbouring Israel.
But as anti-Morsi protests entered the third day, Egyptian shares jumped to a three-week high this morning.
The bourse’s benchmark index jumped 4.9 per cent in early trade to its highest point since June 9 after a bank holiday on Monday to mark the start of a new fiscal year.
Share prices fell 12 per cent in June amid fears that a mass protest called for June 30 might deteriorate into violence, further aggravating a deteriorating economy.
Hopefully this senseless violence will stop.
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