Egypt

Egypt's Field Marshal Hussein Tantawi announced plans to partially remove the decades-old state of emergency with effect from January 25, which coincided with the first anniversary... 2012-01-26

Recently released data from the Central Bank of Egypt (CBE) has once again highlighted the ongoing deterioration to the economy's external position, with the total stock of foreign... 2012-01-25

The risks of a full-blown balance of payments crisis in Egypt are steadily building. Indeed, the economy's external position is becoming increasingly precarious amidst the ongoing trend... 2011-12-22

Egypt's stock of foreign reserves continue to decline, with latest data showing the central bank's financial arsenal dwindling to only US$22.1mn by end-November, down 43.3% y-o-y. This... 2011-12-09

We see little reason to change our long-held bearish outlook on the Egyptian pound at present. Trading at EGP5.9630/US$ on September 20, fundamental pressures on the unit remain firmly... 2011-09-21

Recent statements from Egyptian officials surrounding the government's intention of relying on local markets to meet its financing requirements underpin our view that the country's... 2011-09-13

Consumer price inflation in Egypt took a sharp leg down in July according to recently released data from the Central Agency for Public Mobilization, with the headline print dropping... 2011-08-23

Egypt's macroeconomic outlook remains weak in the early stages FY2011/12 (fiscal year beginning on July 1), as ongoing political risk and elevated policy uncertainty continue to weigh... 2011-08-02

We maintain a neutral-bearish outlook for the Egyptian pound through the remainder of 2011. Trading at EGP5.9550/US$ in early July, there remains little fundamental reason to the like... 2011-07-07

In a move which further confirms our fears of the potential for erratic policy decisions out of Egypt's transitional government, on June 25 Finance Minister Samir Radwan stated that... 2011-07-01