{"id":626003,"date":"2018-08-28T03:41:19","date_gmt":"2018-08-28T03:41:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year\/"},"modified":"2018-08-28T03:41:19","modified_gmt":"2018-08-28T03:41:19","slug":"credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year\/","title":{"rendered":"Credit Suisse is bullish on Egypt, economic recovery pushed along by tailwinds next year"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Credit Suisse is bullish on Egypt, sees tailwinds for economic recovery:<\/strong> Egypt\u2019s economic growth cycle still has \u201cseveral years ahead to go,\u201d but next year is expected to bring tailwinds to our economic recovery, Credit Suisse Group AG head of Middle East research Fahd Iqbal tells Bloomberg TV. The most important of these tailwinds, Iqbal says, is Egypt\u2019s anticipated transformation into a natural gas exporter, from being a net importer currently. Tourism is also expected to continue picking up next year, further stimulating growth.<\/p>\n<p><strong>As for asset allocations, Iqbal sees there remains a healthy window in Egypt for asset managers<\/strong>. Prior to the 2011 revolution \u2014 \u201cwhen Egypt was in its heyday\u201d \u2014 asset managers held more than double Egypt\u2019s benchmark weight, he says. There is now more of \u201can allocation upside\u201d as recovery and growth continue to pick up steam. You can check out the full interview here (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2018-08-27\/credit-suisse-sees-lot-of-tailwinds-for-egypt-video\">watch, runtime: 4:10<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit Suisse is bullish on Egypt, sees tailwinds for economic recovery: Egypt\u2019s economic growth cycle still has \u201cseveral years ahead to go,\u201d but next year is expected to bring tailwinds to our economic recovery, Credit Suisse Group AG head of Middle East research Fahd Iqbal tells Bloomberg TV. The most important of these tailwinds, Iqbal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":626004,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6b6df52d-052b-47a7-b366-4833c5fef482","order":"0","is_powered_by":true,"section_story_id":"0565854a-ca43-40ff-82e9-0a1fc71f4ea8","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/8\/1327.jpg","photo_position":"above","related_issue":[625991],"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>Credit Suisse is bullish on Egypt, economic recovery pushed along by tailwinds next year - 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\/2018\/08\/28\/credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credit Suisse is bullish on Egypt, economic recovery pushed along by tailwinds next year\" \/>\n<meta property=\"og:description\" content=\"Credit Suisse is bullish on Egypt, sees tailwinds for economic recovery: Egypt\u2019s economic growth cycle still has \u201cseveral years ahead to go,\u201d but next year is expected to bring tailwinds to our economic recovery, Credit Suisse Group AG head of Middle East research Fahd Iqbal tells Bloomberg TV. The most important of these tailwinds, Iqbal [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-28T03:41:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1327.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Credit Suisse is bullish on Egypt, economic recovery pushed along by tailwinds next year\",\"datePublished\":\"2018-08-28T03:41:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year\/\"},\"wordCount\":165,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1327.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/credit-suisse-is-bullish-on-egypt-economic-recovery-pushed-along-by-tailwinds-next-year\/\",\"name\":\"Credit Suisse is bullish on Egypt, economic recovery pushed along by tailwinds next year - 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Although\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/3\/1686.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559165,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/12\/credit-suisse-fitch-bullish-on-egypt\/","url_meta":{"origin":626003,"position":1},"title":"Credit Suisse, Fitch bullish on Egypt","author":"enterpriseam admin","date":"12 January 2021","format":false,"excerpt":"Egypt\u2019s economic growth will move back towards 5% by the end of the 2021 calendar year, helped by the upcoming vaccine rollout and continued public investment, Fitch Solutions said yesterday. In its latest MENA macroeconomic update, the research house forecasts FY2020-2021 GDP growth to come in at 3%, slightly below\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/127.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564343,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/25\/credit-suisse-singing-our-praises-but-warns-of-a-fourth-wave\/","url_meta":{"origin":626003,"position":2},"title":"Credit Suisse singing our praises, but warns of a fourth wave","author":"enterpriseam admin","date":"25 August 2021","format":false,"excerpt":"Credit Suisse seems optimistic about our post-covid recovery, as the economy shows signs of real growth, t-bills remaining attractive and muted risks from the Grand Ethiopian Renaissance Dam (GERD) conflict, Fahd Iqbal, Credit Suisse\u2019s head of private bank Middle East research, told Bloomberg\u2019s Middle East: Daybreak show this morning (watch,\u2026","rel":"","context":"In &quot;SPEED ROUND: ECONOMY&quot;","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/524.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565389,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/structural-reform-is-more-than-just-a-buzz-phrase-its-what-egypt-needs\/","url_meta":{"origin":626003,"position":3},"title":"Structural reform is more than just a buzz phrase, it\u2019s what Egypt needs","author":"enterpriseam admin","date":"6 April 2021","format":false,"excerpt":"The Egyptian economy\u2019s cyclical rebound from the pandemic \u201ckeeps getting postponed,\u201d Credit Suisse head of MENA research Fahd Iqbal said on Bloomberg Daybreak this morning (watch, runtime: 8:47). \u201cThere are only a handful of countries in the Middle East where we really started to see the vaccine rollout go through\u2026","rel":"","context":"In &quot;SPEED ROUND: ECONOMY&quot;","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/349.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":642889,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/credit-suisse-sees-scope-for-egypts-economic-recovery-to-steadily-accelerate-bnp-paribas-notes-eurobond-yields-at-lowest-level-since-jan-17-issuance\/","url_meta":{"origin":626003,"position":4},"title":"Credit Suisse sees scope for Egypt\u2019s economic recovery to steadily accelerate, BNP Paribas notes eurobond yields at lowest level since Jan \u201817 issuance","author":"enterpriseam admin","date":"24 August 2017","format":false,"excerpt":"Credit Suisse sees scope for Egypt\u2019s economic recovery to \u201csteadily accelerate\u201d and is \u201coptimistic on the outlook for fiscal consolidation,\u201d according to a recent report (pdf). The investment bank maintains its positive outlook on fixed income, particularly short-dated T-bills, and see scope for further steady appreciation in the EGP on\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591833,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/returns-on-egyptian-govt-bonds-to-remain-robust-credit-suisse\/","url_meta":{"origin":626003,"position":5},"title":"Returns on Egyptian gov\u2019t bonds to remain \u201crobust\u201d -Credit Suisse","author":"enterpriseam admin","date":"18 December 2019","format":false,"excerpt":"Returns on Egyptian gov\u2019t bonds to dip but remain \u201crobust\u201d -Credit Suisse: Egyptian government bonds will pay lower returns to foreign investors in 2020 but will remain \u201crobust,\u201d Fadh Iqbal, head of Middle East research at Credit Suisse, told Bloomberg TV yesterday (watch, runtime: 4:07). \u201cIt\u2019s still a very attract\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/2988.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\/626003","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=626003"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626003\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/626004"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=626003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=626003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=626003"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=626003"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=626003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}