Egypt

BMI View: We do not believe that the new constitutional reforms will result in any significant shift in Egypt's political landscape. Indeed, they could actually strengthen the NDP,... 2007-01-19

BMI View: Although we expect Egypt to maintain its role as a mediator between Israel and the Palestinians, there are signs of tensions, and this role could be diminished going forward.... 2007-01-16

We have revised up our economic growth forecasts for 2007-2011 slightly, after our 6.8% revised forecast for FY2005/06 came in just a percentage point below the actual outcome of... 2007-01-10

We remain sanguine about the official budget outlook, believing that the deficit will narrow gradually from 2% of GDP to 0.5% of GDP over the forecast period.

The decision of the Supreme Administrative Court to reject the applications of thirteen organisations for political party status undermine the government's claims to be opening up... 2007-01-10

BMI View: A strong performance in the final quarter of FY2005/06 bodes well for continued robust expansion, and reinforces our optimistic forecasts.

BMI View: The current account continues to strengthen, re-confirming our view that pressures on the pound are weighted strongly to the upside.

BMI View: A combination of strong growth and prudent debt management should allow Egypt to gradually reduce total public debt over the forecast period.

BMI View: We do not see any internal challenge to the NDP's dominance, which is good news for investors focussed on stability. However, the 78-year old Mubarak's apparent unwillingness... 2006-11-27

We see last year's fiscal deficit of 7.3% of GDP as a peak, reflecting the high spending associated with oil subsidies and the end-05 elections. With oil prices falling and subsidy... 2006-11-27