Egypt’s stock market has outperformed wider Middle East stock indices over the past two years, but more recently nervousness over next year’s presidential election has deterred some foreign investors from moving money into the country.
Still, asset managers say it has long-term promise underpinned by Egypt’s 80m consumers, many of whom are becoming rapidly wealthier. That differentiates the country from its oil-dependent neighbours, as does the praise accorded to its regulatory infrastructure. The FT has more on the market here, part of a special report on Egypt published on Thursday here.
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