Financial markets in Egypt have rallied over the past month after the government reached an agreement with the IMF over a US$12bn financing package. Equities have risen, spreads on dollar-denominated bonds have narrowed and the pound has strengthened on the black market. Elsewhere, Saudi equities have suffered amid growing concerns over the health of the economy.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.