Cairo – Saba:
The Egyptian Stock Exchange suspended trading for Tuesday's session following a fire that broke out at the Ramses Central building, disrupting communications services in several vital areas.
In a statement, the Exchange said, "In light of recent developments, and despite ongoing efforts by all parties to create a suitable trading environment and ensure brokerage firms can communicate efficiently with all trading system stakeholders, the decision has been made to suspend trading today, July 8, to safeguard the interests of all parties and ensure equal opportunities for traders."
The statement added that "the Exchange is closely monitoring the situation in coordination with brokerage firms and technical authorities," emphasizing that trading will resume once the system's readiness and network stability are confirmed, according to Sputnik Agency.
Meanwhile, Egypt’s Ministry of Health and Population reported that 14 people were injured in the Ramses Central fire in downtown Cairo, confirming they were immediately transferred to Al-Qobty Hospital on Ramses Street for treatment.
In a statement, the Health Ministry said, "The Egyptian Ambulance Authority dispatched 17 fully equipped ambulances to handle the fire."
Earlier, the Egyptian Telecommunications Company announced a partial disruption of internet and landline services in Cairo and Giza due to a massive fire at Ramses Central.
The company stated, "The fire damaged several main cables inside the central office, causing a partial service outage in some areas, particularly central Cairo and Giza."
The fire erupted inside Ramses Central in downtown Cairo this morning, sending smoke billowing from the building's upper floors. Firefighters rushed to the scene and managed to control the flames before they spread to other parts of the building.
Although the fire has been contained, the cause remains unknown, and the extent of damages has yet to be assessed. Sources within the company suggested the blaze may have started in an administrative office before spreading to other sections of the building.
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