Egypt's banks, stock market off on Thursday for January 25 Revolution, Police Day

CAIRO - 26 January 2022: The Central Bank of Egypt (CBE) and the Egyptian Exchange (EGX) announced that Thursday would be an official holiday for all banks and the bourse as a replacement for the 25th of January Revolution - Police Day holiday.

 

 

Trading will be resumed on Sunday 30th of January 2022, according to the EGX.

 

The Egyptian Cabinet announced that Thursday, January 27, will be a paid day off for all the public sector on the occasion of January 25 Revolution anniversary and the Police Day.

 

January 27 will be off instead of January 25, which falls on Tuesday.

 

The 25th of January marks a historic clash between Egyptian police forces and the British Occupation forces in 1952, which was then called “Ismailia Battle.”

 

It took place when the Egyptian police officers refused to hand over their weapons, and evacuate the Ismailia governorate’s building.

 

The incident left 50 martyrs and 80 injured among Egyptian police officers.

 

The massacre was the spark of the revolution that ended the monarchy in Egypt on July 23 of the same year.

 

The January revolution 2011 marked the ousting of former President Hosni Mubarak, which then resulted in holding democratic elections the next year.