Courtesy of The Financial Times, an interesting look at investing in Egypt, in the face of the violent protests ongoing there. As the article notes: “…An old adage, reputedly coined by Nathan Rothschild during the Napoleonic Wars, urges investors to be contrary, and “buy at the sound of cannons, and sell at the sound of […]
Read more »Via The Financial Times, news that Orascom is looking at setting up a mobile phone venture in North Korea. As the article notes “…Setting up a mobile phone service in North Korea – an authoritarian state that has banned mobiles – may sound like a misguided venture but Egypt’s Orascom reckons it can defy conventional […]
Read more »Via Oil and Gas Eurasia, a report detailing Ukraine’s interest in playing a role in the completion of the Arab Gas Pipeline intended for natural gas deliveries from Egypt to Europe via Syria and Turkey. As the article notes: “…We hope to take part in the modernization of Syrian enterprises, including in the construction of […]
Read more »From The Financial Times, an interesting article noting that, while investor appetite for emerging markets is dwindling as worries about rising inflation and falling equity markets grow – particularly in China and India – frontier markets such as Africa and the Middle East remain quite popular. As the report notes: “…African markets are not immune […]
Read more »Courtesy of Stratfor (subscription required), news that Libya recently announced a deal involving the development of an oil refinery and gasoline stations in Egypt, as well as a natural gas pipeline running from the Egyptian city of Alexandria to the coastal Libyan city of Tobruk. As the article notes: “…This energy agreement could boost Libyan […]
Read more »Via Stratfor, news that Libyan Prime Minister al-Baghdadi Ali al-Mahmoudi said that Libya is planning to invest $10 billion in Egypt over the next two years including the development of an oil refinery in Alexandria and a natural gas pipeline that will run between Alexandria and Tobruk. The refinery would have a capacity of 250,000 […]
Read more »