2012 has been a year of power struggles in Egypt. Markets have been volatile in sympathy with the political turmoil, and with arguments raging over a new constitution, a $4.8bn IMF loan is on hold. Raza Agha, chief economist for Middle East and Africa at VTB Capital, explains to Rob Minto the risks of extended political uncertainty in Egypt.
Produced by Darryl Thomson. Filmed by Rod Fitzgerald and James MacDonald.