Via Al Monitor, an article on the Egyptian military’s growing commercial interests in the tourism sector: Having conquered numerous industrial sectors of the Egyptian economy, the Egyptian Armed Forces increasingly has its sights set on Egypt’s all-important tourism industry. President Abdel Fattah al-Sisi, by decree, recently transferred control of chunks of Red Sea real estate — including entire islands […]
Read more »Via CNBC Africa, a report on frontier markets: Egypt, Kenya and Romania come out as most attractive Frontier Markets (FM), while Kazakhstan, Vietnam and Morocco come out least attractive. Here is what the model says about the top 3: ? Egypt leads the pack thanks to a host of supportive signals, including valuations (PE and […]
Read more »Via the Hoover Institute, commentary on China’s BRI impact on the Middle East: Cairenes are not modest about their beloved city. It is Umm al-Dunya, they say, the mother of the world. They also call it simply Masr, the Arabic term for Egypt, suggesting, of course, that there is really nothing worth noting in the vast country […]
Read more »Via Reuters, an interesting look at how – in the four years since former armed forces chief Abdel Fattah al-Sisi became Egypt’s president – companies owned by the military have gone from strength to strength: In a four-decade military career, Osama Abdel Meguid served in the first Gulf War and was an assistant military attaché […]
Read more »Via Bloomberg, an article on Renaissance Capital’s long-term bet on Egypt even as tensions in the region are on the rise: Renaissance Capital, the investment bank owned by Russian billionaire Mikhail Prokhorov, is taking a long-term bet on Egypt even as tensions in the region are on the rise. “A lot of the global investment […]
Read more »Courtesy of STRATFOR (subscription required), interesting analysis of Forecast The eastern Mediterranean will attract great interest from international oil and natural gas companies over the next decade. Egypt, hoping to take advantage of that interest, will try to position itself as the region’s energy hub. Though Egyptian President Abdel Fattah al-Sisi has made energy reform […]
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