The measures adopted by the Central Bank of Egypt (CBE) during the previous 3 years to curtail capital flows, were having negative impact on exports, new foreign investments, and even existing ... read more
Investors’ confidence in the economic outlook of MENA countries did not improve in the last quarter of 2015. The geo-political risks of the region that kept on aggravating and the worsening oil prices ... read more
It was a busy last quarter in Egypt at all levels. The country completed the parliamentary elections between October and December 2015, thus concluding the 3rd and final step of its political roadmap. ... read more
For the second week running, the Lebanese stock market managed to show positive weekly performance on the account of the better than expected results by Lebanese banks and despite the continuing retreat in ... read more
The Beirut Stock Exchange saw disparate performance over the week’s five sessions to settle in positive ground by the end of Friday’s session. This could be partly due to the positive vibes stemmed from ... read more
We recommend a hold rating on the CIB stock with a target price of EGP 32.14 using a Dividend Discount Model, despite the company’s positive financial performance in Q3 2015. The bank’s financial results ... read more
Even though tourism is not a major contributor to the country’s national output, Egyptian authorities heavily rely on the sector to boost the country’s induced revenues, employment and investment projects. ... read more
BLOMINVEST downgraded their rating on EZZ Steel from HOLD to SELL with a target price of EGP 7.45, as they don’t see the recovery of the company’s operational performance in the near term, or at least ... read more
The economic outlook of MENA countries remained gloomy during the third quarter of 2015 due to low oil prices and intensifying conflicts in many parts of the region. Economies of oil-exporting countries ... read more
Egypt will finally start electing a new parliament by mid-October this year after 3 years without a legislative Council of Representatives. During Q3 2015, and after president Al-Sisi reshuffled the ... read more
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