Telecom Egypt releases second-quarter results tomorrow

Telecom Egypt is on tap for its second-quarter results tomorrow. The company's shares have been hammered by Egypt's popular uprising and worries about the global economy. They fell about 6 per cent last week to 14.80 Egyptian pounds on Thursday, their lowest weekly drop since the ousting of Mr Mubarak.

Egypt's court is slated to reconvene its hearing of Mr Mubarak's trial tomorrow. He faces charges of embezzling funds and ordering the killing of protesters before his removal in February. He could face the death penalty. Also on trial are his sons Alaa and Gamal and Habib El Adly, the former interior minister.

The trial comes as Egypt is struggling to repair its economy and establish rules for its post-Mubarak election. The country's benchmark EGX 30 Index was down 4.5 per cent to 4592.31 points last week.