Egyptian revolution has negative effects on major local companies

The decline in profits of some of the major companies in Egypt is a new sign of the negative effects caused by the revolution on the country's economy. Analysts say that the banking and real estate sectors have been hit the hardest by the revolution and political uncertainty.

Commercial International Bank, the largest bank inEgypt, announced an 11% decline in the second quarter of this year compared to the same period of last year, achieving 443 million LE.

� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www.albawaba.com/business/egyptian-revolution-has-negative-effects-major-local-companies-389676

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