With most of MENA countries fainting under the strains of terrorism and violence, the frail levels of oil prices remained a double-edged sword during the second quarter of 2015. While oil-exporting ... read more
The second quarter of 2014 was no different than the previous one. Egypt remained dogmatic in its belief about fighting terrorism that was diffusing through its borders. The most populous country in the ... read more
According to Ernst & Young Middle East hotel benchmark survey, Lebanon registered the second largest year-on-year (y-o-y) improvement in its occupancy rate by May, just after Egypt. This goes parallel ... read more
Egypt’s EGX 30 was rather on a downtrend during the first 5 months of this year. The index which encompasses the 30 largest companies listed on Egypt Stock Exchange, witnessed a large boost preceding the ... read more
We recommend a HOLD on Sidi Kerir’s shares with a target price of EGP 13.32, using DCF Model. Our recommendation is based on the company’s performance especially in 2014 and Q1 2015, which showed tighter ... read more
The series of terrorist attacks fastened in Q1 2015 with Egypt facing almost 331 incidents compared to 353 for the entirety of 2014. The emerging developments in Yemen and the military intervention of ... read more
Sinking to their lowest levels in 5 years, oil prices were the main turbine of global economies during the last quarter of 2014; either they were importers or exporters of the commodity. In the Arab World, ... read more
We maintain our ACCUMULATE rating on El Sewedy Electric, revising our target price to EGP 45.14 per share on ongoing impressive operational and financial performance. Our last recommendation in September ... read more
The Middle East witnessed a moderate third quarter in 2014 torn between an international decline of oil prices and heightening regional security uprisings. As oil production flooded the international ... read more
We maintain our ACCUMULATE rating on SODIC as we believe the company is in a strong position to attract promising growth opportunities. As well, we value the company’s shares at EGP 15.94 per share after ... read more
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