News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Egypt funds slump 40% in run up to clashes

In the three years to the end of July, before the escalation of violence in the country, some funds were already down by over a third

Investors in Egyptian equities have seen the value of some funds fall by almost 40% over the last three years.

The country was one of the first in the Middle East and North Africa to play host to government protests that would eventually spread across the region and become known as the Arab Spring. Demonstrations had remained largely peaceful - former president Hosni Mubarak's government was ousted in 2011 - but violent clashes erupted last week between the country's military and protesters loyal to his recently-ejected successor Mohamed Morsi.

WSJ Logo