Industry waits to see how Egypt will progress

By Terry Macalister

 28 June 2012 22:59 GMT

Egypt’s first democratically-elected civilian president Mohamed Morsi has already had his first day in the office.

The candidate of the Muslim Brotherhood, who holds an engineering doctorate from university in California, has a lot to do.

The country he presides over is deeply divided, with the energy sector and economy in desperate need of new confidence.

Egypt, along with other Middle East and North African countries, has been through 18 months of upheaval. Better relations with the military are a key starting place for Morsi, who definitely was not their candidate. He must try to reduce fears of the military men while meeting the hopes of his supporters —…

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