Episode 31-Pyramids of Pressure: Egypt's Economic Balance

08/13/24 • 57 min

Egypt's economy is under intense pressure, with a currency crisis, soaring debt, rampant inflation, and a struggling private sector.
But a major UAE investment in February 2024 and a recent IMF bailout offers hope. Plus, Egypt’s entry into BRICS in 2023 hints at a shift eastward.

In our 31st episode, we spoke to Beth Morrissey, managing partner and co-founder of Kleiman International Consultants. As a specialist in emerging markets, Beth offers valuable insights into global economic trends.
In this episode, we covered several topics, including:

Defining what emerging markets are
Egypt’s currency crisis, debt, foreign investment and private sector struggles
The challenges facing Egypt's political economy

Email us: [email protected]

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Intro theme song-Arab and Muslim by StockMusic via Pixabay

Defining what emerging markets are
Egypt’s currency crisis, debt, foreign investment and private sector struggles
The challenges facing Egypt's political economy

Email us: [email protected]

Previous Episode

Episode 30- Inside the Gulf bonds bonanza

According to Fitch, the GCC debt capital market has soared to nearly $1 trillion. In 1H24, GCC primary debt issuance reached $75.5bn compared to $54.8bn in the same period last year, representing a 38% increase, according to Markaz, a Kuwait-based financial institution.

In the first five months of 2024, emerging market dollar debt issuance—excluding China—topped $200 billion, with Saudi Arabia leading at 18.5% and the UAE at 9%.

This growth highlights the GCC’s rising role in global bond markets, but it also brings challenges like fluctuating US interest rates and oil price swings.
In our 30th episode, we spoke to Abdul Kadir Hussain, Head of Fixed Income Asset Management at Arqaam Capital. With over 30 years of experience, he explains why the GCC is so attractive to investors and the key risks to watch for.

In this episode we covered several topics including:

Why the GCC is an important part of the EM bond universe
Thoughts on AAOIFI standards on the Gulf's sukuk market
Some of the risks facing EM and GCC bonds

Email us: [email protected]
Intro theme song-Arab and Muslim by StockMusic via Pixabay

Next Episode

Episode 32-Building Trends: UAE & Saudi Real Estate Insights

Dubai's real estate has surged in the past decade, driven by its strategic location and luxury demand. Abu Dhabi is advancing, and even smaller emirates like Ras Al Khaimah are attracting attention with new projects.

Saudi Arabia is the major focus, with Vision 2030 transforming the real estate landscape through NEOM’s futuristic cities and ambitious homeownership goals.

In our 32nd episode, we spoke to Faisal Durrani, Partner, Head of Research at Knight Frank MENA, who brings over 15 years of global real estate expertise.
In this episode, we touched on several topics including: