Middle East & North Africa Economics

Middle East Markets Monitor

25 August, 2016

Egyptian financial markets welcome IMF deal

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.

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