Egyptian Bourse chief Mohamed Omran said Tuesday the era of stable exchange markets no longer exists.
In a statement, Omran said volatility of global markets became normal in the past few years, noting that it was premature to classify the current status of financial markets as a world crisis.
China's decision to devaluate its national currency was an indication of economic contraction, Omran said.
It is normal that investors responded by heavy sales in all markets until an evaluation of the situation comes out, he clarified.
Within this context, Omran called on the Egyptian government to study the impact of world markets on the Egyptian economy
Name (required) *
E-mail (required, but will not be published) *
Notify me of follow-up comments
Ben Stokes gave England a firm grip on the first Test with bat and ball before Shakib Al Hasan's 5-79 revived Bangladesh…
The facade of the world's tallest building, the Burj Khalifa in the Gulf emirate of Dubai, was lit up in pink Thursday…
The London Fashion Week (LFW) is one of the most sought out shows of the year. LFW is an annual fashion event…
Powered and Developed by FilmMatters
Copyright © 2016 Arabtoday