VOL. XLIII

No. 05

31-January-2000

EGYPT

EFG Hermes "Cautiously Optimistic" About Prospects For Egypt With New Economic Team

The latest research report from the Cairo-based investment bank EFG Hermes, released on 24 January, is "cautiously optimistic" about the macro-state of the Egyptian economy. It cites as some of the factors behind its assessment (amongst other things) greater openness to privatization and private sector activity, successful depressurization of the forex market, a boost in...