Hommam Al Nassim 
The electricity went out in the Smart Village in Egypt today, causing the disruption of many companies and institutions in the vital economic zone.
According to workers in the region, the outage lasted for more than two hours, causing information darkness in the region, which includes important institutions such as the headquarters of the Egyptian Stock Exchange, the Financial Regulatory Authority, and Misr Clearing.
President Abdel Fattah El-Sisi asked the Egyptians to work in the software field weeks ago, and this request sparked widespread ridicule among Egyptians.
The power outage in the Smart Village today raised this irony once again, as companies’ operations stopped and were disrupted for hours.
The outage also affected some important institutions that chose the Smart Village as their headquarters, including Misr Clearing Company, which handles part of the work of the Egyptian Stock Exchange, which led to the disruption of buying and selling operations for several hours.
The stock prices that declined the most today were B Investments Holding shares, with a decline of 4.3%, closing at 10 pounds per share, and about 32 other stocks declined.
On the other hand, sources within the Egyptian Stock Exchange told local media that today’s power outage did not affect the trading system at all during Thursday’s sessions.
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