LE90 Billion Investments Suspended Due to Upheavals

A number of global companies have suspended some US$15 billion (LE90 billion) in investments because of the current political upheaval, said Petroleum Minister Abdullah Ghorab said.

“These investments were going to create 15,000 direct and indirect job opportunities,” Ghorab said, warning that the current events could affect the original demands of the revolution, namely social justice, raising wages and creating jobs.

“It is the duty of the government and the citizens to restore political and economic stability,” he said. “Work is the only way out,” he said, adding that he fails to understand the reason for the protests.