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Latest articles in Egypt
Macro Analysis / Global

Emerging Market sovereign bond issuance falls by 60% in July

EM hard currency sovereign bond issuance dropped to US$8.2bn in July, a fall of 60% compared to June, bringing total issuance YTD to US$131.7bn, based on our calculations using data from Bond Radar. For the year so far, 70% of issuance has been IG an...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 3 August 2020
Macro Analysis / Global

IMF emergency financing tracker: Where is Angola?

There are eight updates to our tracker this week. It may now take place in the second-half of August, at the earliest, when the board returns from recess. There is nothing else on the IMF board schedule in the next week (except Gabon today). Overall,...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 31 July 2020
Equity Analysis / Egypt

Egypt Commodity and Material Prices: Sector outlook and trends – Q2 20 update

Nitrogen Fertilizer producers are ramping up capacity utilization in an attempt to offset weak urea prices with the outlook still uncertain. Petrochemicals have fared worse than their Agrochemical peers, as they have been enduring so far an unprecede...
Pharos Holding Diyar Hozaien
Diyar Hozaien @ Pharos Holding 28 July 2020
Weekly Credit Risk Monitor / Global

Top 5 picks, possible debt relief extension, new data on China-Africa lending

Read the full report here. Ecuador launched its consent solicitation and invitation to exchange on Monday (20 July). The financial terms seem to be consistent with those set out in the Agreement in Principle with the Ad Hoc group of creditors, and in...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 23 July 2020
Strategy Note / Global

Fixed income strategy – Our top picks for H2

In this Strategy note, we present our Top-5 picks for the second-half of the year and survey recent market developments. The spread on the EMBGID is 447bps (cob 21 July), compared to its peak of 721bps on 23 March, but it still remains 156bps above t...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 23 July 2020
Strategy Note / Global

Egypt: Ethiopia Nile dam sensitivity (in one chart)

Egypt is the most water-stressed emerging market (ex-GCC): hence, hypersensitivity to Ethiopia filling its Nile dam. Egypt cannot fight on 4 fronts (Ethiopia, Libya, Sinai, East Mediterranean): higher military costs more likely than war. Egypt milita...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 16 July 2020