Category: Citi Egypt

Egypt’s role will remain pivotal in what comes next for the entire Middle East. President Sisi has the trust of western and Gulf leaders. He also commands the grudging respect of Israel and that is paramount to his unique position to be the man who steers his neighbours to some kind of middle ground.… Read…

Israel’s recent actions against her foes in Lebanon, Iran, and Yemen are making Egypt, and others, nervous. President Sisi and his government are watching developments on their border with Israel closely. There remains real prospect for a significant escalation between Israel and Hezbollah, and perhaps the only thing holding Netanyahu back is his domestic standing.……

Egyptians are sitting in the dark – literally – about what comes next. All eyes look to Israel and what it will do next. The worry of an escalation of violence and fighting on the nation’s doorstep is keeping people glued to their chosen news sources. This is good for President Sisi.… Read the rest

President Sisi’s patience and diplomatic skills are being sorely tested. Israel appears intent on pushing every last one of his buttons to see just how far they can go. It is in Egypt’s interest to bring peace to Gaza. Revenue, growth, and stability depend on it, but Israel is making it difficult for some to…

The clocks have changed in Egypt and summer has officially begun but what is also becoming apparent is that Egypt is not only on a new time, it is entering a new economic era. The average Egyptian continues to struggle with an ever-increasing cost of living but we are seeing some surprisingly mature financial choices…

This month it is all about the money. As March opened USD1 was trading at EGP30.89. As it ended USD1 bought you EGP47.25. The much-anticipated floatation of EGP was long overdue – indeed, we predicted it six months ago. The knock on impact on prices has been painful for many but there has still been…