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CIBEY - Egypt Market Update: Current Valuation Does Not Reflect Egypt's Macro Resilience
Commercial International Bank S.A.E. ADR Sponsored
An Intriguing Post Crash Buy
Frontier and emerging markets will face a large number of headwinds in the coming years, as high growth emerging markets like Egypt will likely only see 2-3% growth during 2020 and 2021. Egypt is an intriguing market to invest in after considering the country’s economic and political history during the past 10 years, and its future outlook through the 2030s. Egypt's economy has made massive strides since the Egyptian Revolution of 2011 and the flotation of its currency in 2016. 2020 is an excellent time to accumulate a position in