When historic events unfold, it is easy to lose track of the details in the broader narrative.

Risk managers do not have this luxury. For them, the unrest currently gripping Egypt is a fast-moving, three dimensional puzzle in which every detail may have unforeseen risk management consequences. It is this fluid nature that makes risk management such a challenge, says Robert Makhoul, region head, Middle East and Africa for risk advisory firm Marsh. “The events that have transpired in Egypt since Jan. 25 have been sudden and unpredictable,” he says.

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