Egypt’s reforms will prove decisive for sovereign credit rating profile

“Egypt's efforts to improve the nation's business environment and enhance the credibility of its economic policy will prove decisive for its sovereign credit profile,” says Ali Janoudi, a regional head at UBS Wealth Management, according to Trade Arabia. Michael Bolliger, head of Emerging Market Asset Allocation at UBS Wealth Management's Chief Investment Office adds that “more work needs to be done to unleash the country's full potential.” UBS believes Egypt has a stable credit outlook and sees that the expected population increase could have a positive impact on economic growth “if the right conditions are met.” An industry expert believes Egypt’s economy can be growing sustainably at 5-6% y-o-y.