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国际英语新闻:Egypt's Mubarak says will not seek next term as protests upgrade

2011-02-02来源:和谐英语
UNREST HITS ECONOMY

Egypt endured another day of halt to normal life as the protest entered the second week. Trains stopped running Monday. The internet remained shutdown on its fifth day. Banks, stock markets and most businesses were closed.

Storage racks for bread, milk, edible oil and local fruits were almost empty in Cairo's supermarkets as people tried to replenish their stores for fear that the chaos could continue and prices could rise.

Tourism, a crucial source of Egypt's revenue, was hit hard by the protest. Many tour agencies have suspended services and the EgyptAir has cancelled flights during the government-imposed curfew which has been extended from 3 p.m. (1300 GMT) to 8 a.m. ( 0600 GMT).

Some foreign firms suspended their activities due to paralyzed internet and lack of workers in the unrest.

"I have closed the factory. I don't know when the social order can be back to normal," said Zhou Jianguo, a Chinese owner of a motorbike manufacturing factory in Cairo's Nasr City. "It is so shocking that a peaceful country can suddenly fall to chaos. I'm really worried about the investment environment of Egypt."

Responding to fears of economic difficulties, newly-appointed Prime Minister Ahmed Shafiq said Tuesday the new government is committed to meeting all people's demands despite existing conflict of interests.

Banks will be open once security and stability are restored in the country, he said, adding that measures have been taken to protect banks against looting.