Egypt

We believe that the Egyptian pound will stabilise around the EGP5.70/US$ level. This is in spite of the euro gaining ground against the US dollar lately. The pound has responded as... 2010-07-08

BMI View: We remain bearish towards Bahrain and Dubai equities, preferring Saudi and Qatar in the short term at least (in line with our growth forecasts). Long term, we like Egypt,... 2010-06-17

We have been looking at Egypt's CASE-30 index as a benchmark since the Hermes index was re-indexed in July 2008. Returning now to the latter, we see significant warning signals.

With Asian markets having had a very weak open to the week, and downside risks to oil prices, now is not the time to reverse our bearish stance on MENA stocks. Dubai And Bahrain should... 2010-06-07

The broad sell off in Egyptian equities continues unabated, and appears to be accelerating on the back of global financial pressures. On May 20 we highlighted the March 2010 low of... 2010-05-25

Given heightened global risk aversion and elevated volatility, we are not prepared to alter the cautious view of MENA stocks that we have held for several weeks now (see 'Stopped Out... 2010-05-20

The Greek debt crisis, contagion fears in other southern European states, the euro's relentless slide, yesterday's (May 6) large equity sell off in the US, the rally in US Treasuries... 2010-05-07