Report
Research Team

Egypt Weekly Coverage March 19-25

• Egyptians have no real choice in vote, but continuity draws foreign investments
• Budget deficit widens by 13% y/y to EGP 164bn in Jul-Nov
• Cement exports increase by 79% y/y in January
• Exports to EU markets up 24% y/y in 2017
• Capital market regulator to raise shares proportion in IPOs to 20-25%
• Jewellery precious stones exports jump 37% y/y in January
• President El-Sisi ratifies new Capital Markets Law
• Stock of international bonds rises to USD 18bn by end-Feb
• Wheat reserves sufficient for three months – supply ministry
• Egypt, Sudan agree to activate bilateral relations to ease tensions
• China to finance projects worth USD 3bn in administrative capital
• Egypt's Orascom's JV wins USD 180mn airport deal in UAE
• Government lists 23 firms for minor interest IPOs
• Cabinet approves FY 2018/19 budget draft; deficit trimmed to 8.4% of GDP
• Yields rise in 3-, 9-month T-bill auction
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