Oil exporters’ countries in the MENA region remain on a different economic scale from their neighboring oil importers; however, their political agendas continue to overlap. The MENA’s most populous ... read more
Real estate demand mainly faltered in 2013 as the economy remained under stress coupled with the fragile internal situation and the ongoing Syrian war spillovers. The lack of data in the sector undermines ... read more
Lebanon’s political stalemate, security uprisings and external headwinds from the Syrian war kept on clouding the bonds market performance in 2013. Besides local and regional developments, an international ... read more
This report contains the third public release of data collected from the new monthly survey of business conditions in the Lebanese private sector. The survey, sponsored by Blominvest Bank and compiled by ... read more
We raise our target price on Ezz Steel to EGP 18.38 per share, upgrading our recommendation to ACCUMULATE on the back of recovering operations along with easing macroeconomic and political tensions in ... read more
El Sewedy reported a 6% y-o-y rise in Q3 revenues to EGP 3.5 billion as a result of a 10% increase in the wire and cables segment to EGP 2.8 billion on higher volumes and average selling prices. Moreover, ... read more
We initiate coverage on Global Telecom Holding, an Egyptian mobile telecommunications company, with an ACCUMULATE rating and a target price of EGP 5.18 per share presenting a 10.5% premium over its recent ... read more
This report contains the second public release of data collected from the new monthly survey of business conditions in the Lebanese private sector. The survey, sponsored by Blominvest Bank and compiled by ... read more
The gap further widened between oil importers and oil exporters in the Middle East during the third quarter of 2013. The formers’ economies suffered from political turbulences with deteriorating resources ... read more
We revise our target price on TMG up to EGP 6.18 per share, representing an upside potential of 10.2% over the recent closing price leading us to issue an ACCUMULATE rating. TMG stock rallied by more than ... read more
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