Market Report, "Egypt Shipping Report Q3 2014", Published
Political uncertainty will continue to affect the Egyptian economy in 2014 as the country continues through its rocky transitional period towards democracy. However, the announcement by Field Marshall Sisi in March that he would run for president - a post BMI believes he will almost certainly win - should serve to reduce political risk. We believe that his victory in the upcoming elections will provide a veneer of political legitimacy, thereby releasing US aid flows, and should help the economy...
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