Egypt

BMI View: We are very hesitant to call the end of the bear trend in Egypt, but will continue to watch for positive technical signals. External factors remain negative, but we see... 2008-11-11

Although we are not convinced that the current bounce in global stock markets will last beyond the immediate term, we see some slightly positive technical signals from two markets... 2008-11-05

On August 4, we examined the key implications of a US dollar bounce (which has been our core view since early July) on Middle Eastern currencies. With the greenback having rallied... 2008-10-06

In spite of yet another high inflation at the last reading, we think the 50bps hike announced by the Egyptian central bank today marks a likely end to the interest rate tightening... 2008-09-19

BMI View: The Fitch downgrade will add to negative sentiment towards the pound and local debt, underscoring our negative view.

Egypt's Hermes stock index looks set for further losses, following another bad day yesterday.

Yesterday's 50bps rate hike has provided some support for the Egyptian pound. However, with the dollar still surging against the euro, and business environment news from Egypt continuing... 2008-08-08

We turned bearish on the Egyptian pound on August 4, since when the unit has depreciated by 3.8% . Indeed, the situation has worsened considerably since then, mainly on the back... 2008-08-08

We retain the bearish view we have held on the Egyptian stock market since April 2, with the drop through support in the 790 area adding to our negative view. The index is now headed... 2008-08-06

Last week, we suggested that the inflationary pressures that have been sweeping the Middle East and North Africa region may be abating somewhat, potentially allowing Gulf states to... 2008-08-04