ON THIS DAY- On this day in 1908, the Ford Model T, regarded as the car that established a mass market for automobiles, was introduced to the market at a total cost of USD 825. Henry Ford’s quote on the vehicle’s aims is priceless. In Egypt, scores were killed in a stampede that took place during former President Gamal Abdel Nasser’s funeral. BBC says “The funeral cortege should have been a sombre state ceremony attended by 40 major-generals and 5,000 troops. But as the president’s bier passed through the capital towards its final resting place, the sheer weight of numbers of grief-stricken Egyptians threatened to disrupt the procession.” Also, on this day in 1975 Muhammad Ali beat Joe Frazier in the “Thrilla in Manila” bout. Two years ago this day, we reported on Egypt becoming a full member of the EBRD and Abraaj making an investment in education provider Tiba Group.