Egypt

BMI View: We have revised our real GDP growth forecast down slightly to 5.8% for 2008/09, on the back of higher interest rates and inflation, as well as possible slowdown in investment... 2008-07-07

At the time of going to press, Egypt was planning to open the Rafah border with Gaza for a period of 48 hours for 'humanitarian reasons'. This is a risky policy for the government.... 2008-06-30

BMI View: Although we maintain our growth forecasts for now, the economic outlook continues to deteriorate, and we may have to revisit our projections going forward.

BMI View: The Agrium issue is a key test of the government's priorities, but will have negative implications whatever the outcome. The best news for the business environment would... 2008-06-23

Tensions between Copts and Muslims have flared up again, with violence erupting on May 31, after three Coptic monks were abducted, in Deir Abu Fana (Al-Minya) by local Muslims, following... 2008-06-02

BMI View: Despite increasing political risks, latest developments suggest that the government's pro-investment stance remains in place. Egypt retains its business environment rating... 2008-06-02

We see the Egyptian pound appreciating to EGP5.20/US$ this year, from around EGP5.38/US$ at the time of writing, before continuing its gradual ascent to end the forecast period at... 2008-04-29

Given the ongoing diplomatic impasse between Egypt, Hamas and Israel, there have been rumours that Israel could invade Gaza sometime after President Bush's visit in mid-May. There... 2008-04-29

BMI View: We see the central bank continuing to allow rates to rise and the pound to appreciate, which bodes well for its credibility as an inflation-targeter. However, if there are... 2008-04-22

BMI View: The recent municipal elections appear to mark an end to Egypt's democratic experiment, and yet public engagement with politics is at levels not seen since the 1970s. This... 2008-04-21