{"id":543143,"date":"2022-01-11T14:02:49","date_gmt":"2022-01-11T14:02:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/meet-our-analyst-of-the-week-beltones-rawan-ali\/"},"modified":"2022-01-11T14:02:49","modified_gmt":"2022-01-11T14:02:49","slug":"meet-our-analyst-of-the-week-beltones-rawan-ali","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/meet-our-analyst-of-the-week-beltones-rawan-ali\/","title":{"rendered":"Meet our analyst of the week: Beltone\u2019s Rawan Ali"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>OUR ANALYST OF THE WEEK- <\/strong>Rawan Ali, associate at Beltone Financial (<a href=\"https:\/\/www.linkedin.com\/in\/rawan-ali-a173b586\/?originalSubdomain=eg\">Linkedin<\/a>).<\/p>\n<p><strong>My name is Rawan Ali and I\u2019m an associate at Beltone on the macro and strategy team. <\/strong>I\u2019m the primary analyst for the GCC region, mainly Kuwait, UAE, and Saudi Arabia. I\u2019ve been working at Beltone for the past four years and it has really helped me grow on both a professional and personal standpoint. Prior to that I worked as a teaching assistant in economics at the Arab Academy for Science and Technology after I graduated in 2016. I then had a quick stint at a political party before moving to my current job. I\u2019m currently studying for my masters in economics from Cairo University and after I finish it, I\u2019m planning to also get my PhD from abroad\u2026 but I\u2019ll probably take a break for a year or two first [laughs]. We\u2019ll see where life will take me.<\/p>\n<p><strong>The best part of my job is being exposed to the market talk.<\/strong> You get to meet and discuss the market with the people who are actually investing into it. It often feeds into our view as we have an idea of how investors think and perceive things. Research in general allows a lot of room to expand your knowledge. The horizon is endless and I love all the winding roads you have to take to get to a conclusion.<\/p>\n<p><strong>The worst part of my job is the deadlines<\/strong>, especially if you\u2019re working on something you haven\u2019t been exposed to before and you\u2019re tight on time. It\u2019s a demanding job, but that\u2019s not always a bad thing for me. I love my team a lot and the work environment is great, so even when we put in long hours, we enjoy each other\u2019s company throughout.<\/p>\n<p><strong>Egypt and the GCC have some similarities on the macro front when it comes to private spending and energy. <\/strong>I think the past two years were very transitional when it comes to the macro picture. The huge stimulus packages that were offered helped boost private spending in both the GCC and Egypt. Another similarity is the push in the energy sector. In the GCC, this was in the form of oil exports while Egypt did well when it came to natural gas. Egypt\u2019s trade surplus was supported by high natural gas exports and this was a really good feat as it was challenging to keep trade intact with the ongoing supply chain problems. It also contributed to a stable EGP.<\/p>\n<p><strong>We expect Egypt to grow at a 5.6% clip in FY2021-2022. <\/strong>That\u2019s similar to the rest of the region, with Saudi Arabia expected to be up by 4.9% in 2022 and UAE by 5.3% in 2022. As for FY2022-23, we\u2019re expecting a 5.9% growth for Egypt, but it really depends on a number of uncertainties that we could face such as lockdowns or more variants.<\/p>\n<p><strong>Global inflation rates will probably catch up to Egypt this year. <\/strong>We\u2019re expecting a tightening of monetary policy in the coming two years as a result and we forecasted a hike of 100 basis points in interest rates in 2022.<\/p>\n<p><strong>The pandemic definitely changed the way I do my job <\/strong>as I learned that there are two sides to every coin and the one that is most likely to appear is the one with a more solid explanation. When it comes to things such as judging whether oil prices will increase or stay at the same level, you have to choose which of the scenarios is more probable, given a number of uncertainties. When I get things like this right, I feel very proud, but when I get them wrong, I research the subject a bit more to see what factors I might have overlooked to note them the next time. It\u2019s a long process, but it helps me learn.<\/p>\n<p><strong>I used to be more conservative in my forecasts but now I\u2019m more confident in identifying possible catalysts and upsides.<\/strong> Still, it\u2019s important to keep things in proportion and I avoid hyping a stock up if I don\u2019t think that it deserves so much attention. There has to be an actionable framework currently being implemented to confidently be bullish about an investment.<\/p>\n<p><strong>The last great thing I watched was <\/strong><strong><a href=\"https:\/\/www.netflix.com\/title\/80234304\">The Queen\u2019s Gambit<\/a><\/strong><strong>. <\/strong>I actually just finished it last weekend [laughs]. I like to watch shows that have a personality that is so invested in something specific, like Stephen Hawkings in <a href=\"https:\/\/www.imdb.com\/title\/tt2980516\/\">The Theory of Everything<\/a>. I try to figure out where they get their inspiration from: Reading a lot? Marveling at the unknown? Following a mentor?<\/p>\n<p><strong>I\u2019m currently reading <\/strong><strong><a href=\"https:\/\/www.goodreads.com\/book\/show\/27191691-the-only-game-in-town\">The Only Game in Town<\/a><\/strong><strong> by Mohamed El Erian.<\/strong> He talks about central banks and their role during times of crisis during the financial crisis. He also discusses how their role should be shaped going forward and the policy changes needed to ensure a sustainable financial system. Next on my shelf is definitely <a href=\"https:\/\/www.goodreads.com\/book\/show\/45897523-blowout\">Blowout<\/a> by Rachel Maddow where she talks about the dark side of the oil and gas industry and all the politics involved.<\/p>\n<p><strong>In my downtime, I like to spend time with my dog Jazz. <\/strong>He\u2019s everything to me and any time I have, I try to allocate it to him. Otherwise, I like to watch movies or practice the guitar. I\u2019m obsessed with jazz music (hence my dog\u2019s name) and I enjoy listening to it whenever I can. I also like going for a cruise with my fiance or just spending time with him in general.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MARKET NEWS-<\/strong><\/p>\n<p><strong>Orascom Construction is paying out 2021 dividends to its shareholders of EGP 3.65 per <\/strong><strong>share<\/strong>, the company said in an <a href=\"https:\/\/ent.news\/2022\/1\/Orascom-Dividents.pdf\">EGX disclosure (pdf)<\/a>.<\/p>\n<p><strong>The International Company for Medical Industries (ICMA) has listed new shares on the EGX <\/strong>as part of the company\u2019s EGP 33.48 mn capital increase, the company said in a <a href=\"https:\/\/ent.news\/2022\/1\/ICMI-EGX-statement.pdf\">bourse filing (pdf)<\/a>.<\/p>\n<p><strong>MARKET ROUNDUP- <\/strong><\/p>\n<p><strong>The EGX30 fell 0.2% at today\u2019s close<\/strong> on turnover of EGP 986 mn (19.3% below the 90-day average). Foreign investors were net sellers. The index is up 0.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>MM Group (+3.1%), TMG Holding (+1.1%) and Abu Qir Fertilizers (+1.1%).<\/p>\n<p><strong>In the red: <\/strong>Speed Medical (-3.1%), GB Auto (-2.8%) and Mopco (-2.4%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OUR ANALYST OF THE WEEK- Rawan Ali, associate at Beltone Financial (Linkedin). My name is Rawan Ali and I\u2019m an associate at Beltone on the macro and strategy team. I\u2019m the primary analyst for the GCC region, mainly Kuwait, UAE, and Saudi Arabia. I\u2019ve been working at Beltone for the past four years and it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":543144,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[676,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-go-with-the-flow","tag-analyst-of-the-week","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"41f44719-c64c-40bd-a557-d8d62802326b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/428.jpg","photo_position":"above","related_issue":[543135],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Meet our analyst of the week: Beltone\u2019s Rawan Ali - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/meet-our-analyst-of-the-week-beltones-rawan-ali\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meet our analyst of the week: Beltone\u2019s Rawan Ali\" \/>\n<meta property=\"og:description\" content=\"OUR ANALYST OF THE WEEK- Rawan Ali, associate at Beltone Financial (Linkedin). 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I studied economics at Sadat Academy for Management Sciences and then received my masters from Kyung\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/481.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564957,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/meet-our-analyst-of-the-week-beltones-abanob-magdy\/","url_meta":{"origin":543143,"position":1},"title":"Meet our analyst of the week: Beltone\u2019s Abanob Magdy","author":"enterpriseam admin","date":"9 March 2021","format":false,"excerpt":"OUR ANALYST OF THE WEEK- Abanob Magdy, associate vice president at Beltone Financial.My name is Abanob Magdy and I\u2019ve been at Beltone Financial for the past two years. I started my career at Deloitte as a financial auditor and while it helped me enter the financial field, I wasn\u2019t a\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/429.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564216,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/meet-our-analyst-of-the-week-beltones-ali-afifi\/","url_meta":{"origin":543143,"position":2},"title":"Meet our analyst of the week: Beltone\u2019s Ali Afifi","author":"enterpriseam admin","date":"17 August 2021","format":false,"excerpt":"OUR ANALYST OF THE WEEK- Ali Afifi, vice president of equity research at Beltone Financial (LinkedIn).When I graduated eight years ago, the research field was not in my sights. However, soon after getting a job in equity research, I fell in love with it and I\u2019ve been working in the\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/459.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543335,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/meet-our-analyst-of-the-week-beltones-neveen-ghonima\/","url_meta":{"origin":543143,"position":3},"title":"Meet our analyst of the week: Beltone\u2019s Neveen Ghonima","author":"enterpriseam admin","date":"25 January 2022","format":false,"excerpt":"OUR ANALYST OF THE WEEK- Neveen Ghonima, associate vice president at Beltone Financial (Linkedin).My name is Neveen Ghonima and I\u2019ve been covering the consumer sector for 10 years now. I graduated from AUC with a degree in business in 2011 and I obtained my masters in quantitative economics from an\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/512.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554437,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/meet-our-analyst-of-the-week-beltones-aly-adel\/","url_meta":{"origin":543143,"position":4},"title":"Meet our analyst of the week: Beltone\u2019s Aly Adel","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"OUR ANALYST OF THE WEEK- Aly Adel, vice president of research at Beltone Financial (LinkedIn).My name is Aly Adel and I\u2019ve wanted to be in this field since university days. I was part of a student activity, Stock Market Simulation, and was immediately sucked into the world of valuations and\u2026","rel":"","context":"In &quot;\u034f ANALYST OF THE WEEK&quot;","block_context":{"text":"\u034f ANALYST OF THE WEEK","link":"https:\/\/enterpriseam.com\/egypt\/category\/%cd%8f-analyst-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/603.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544001,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/meet-our-analyst-of-the-week-ci-capitals-salma-gemiei\/","url_meta":{"origin":543143,"position":5},"title":"Meet our analyst of the week: CI Capital\u2019s Salma Gemiei","author":"enterpriseam admin","date":"1 February 2022","format":false,"excerpt":"OUR ANALYST OF THE WEEK- Salma Gemiei, investment banking analyst at CI Capital (LinkedIn).My name is Salma Gemiei and I\u2019m an investment banking analyst at CI Capital. I studied actuarial science at AUC because I was always into numbers, business, and economics so it seemed like the perfect major that\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/403.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=543143"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543143\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/543135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/543144"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543143"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543143"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}