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Getting on with the job - Citi's team kept going as Egypt's revolution unfolded
25 September 2011
The events in Egypt that ended Hosni Mubarak's 30-year grip on power received global media attention. But while the cameras were on Tahrir Square, Citi’s team on the ground had a job to do. Aaron Woolner reports.
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Mubarak
Egypt
Arab Spring
Citi
Tahrir Square
How did the events unfold? Events in Egypt unfolded rapidly after the public holiday of the 25 of January and over the course of the rest of that week, successive protests continued to wrack the capital. What was most surprising was the scale of the protests; protests are a common occurrence in Cairo, but the sheer number of people involved this time made it unusual. As the week progressed, there were no signs of the protests letting up and by the middle of that week; the stock exchange had dropped 15% as investors became bearish on the prevailing political environment.The weekend brought with it the most active protests seen to date and it was at this point that the international media picked up the story. With the protests showing no sign of abating, the Central Bank of Egypt decreed that all financial institutions in the country were to shut until...
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