Uncertainty continued to reign over events in Egypt as the nation's president appeared to seek appeasement with protestors and violence flared while the economy stood at a practical standstill.
Reports said peaceful protests against President Hosni Mubarak gave way to rock throwing as supporters of the president began what appeared to be a coordinated attack against protestors. Just yesterday, Mr. Mubarak said he would not run for reelection, but this did not appease protestors seeking his ouster.
According to a report in the Washington Post, Internet service was restored throughout the country. That's important because many businesses cannot operate without it, including the nation's banks, bringing the nation's economy to a standstill.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
