{"id":626608,"date":"2018-07-08T04:11:32","date_gmt":"2018-07-08T04:11:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/lex-loves-egypt-and-so-does-citi\/"},"modified":"2018-07-08T04:11:32","modified_gmt":"2018-07-08T04:11:32","slug":"lex-loves-egypt-and-so-does-citi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/lex-loves-egypt-and-so-does-citi\/","title":{"rendered":"Lex loves Egypt, and so does Citi"},"content":{"rendered":"

There\u2019s plenty of \u2018meh\u2019 news for Egypt in the international press this morning<\/strong>, most of it our own doing (we have chapter and verse in Egypt in the News, below). After all, we appear now to live in a parallel dimension in which the Prosecutor General\u2019s Office is siding with a free press while the Press Syndicate takes the side of the censor, as we outline in Last Night\u2019s Talk Shows.<\/p>\n

But let\u2019s start the week with two bright notes, shall we?<\/p>\n

<\/a> Lex likes us\u2026<\/strong> In only its second mention of Egypt in the last five years, the Financial Times\u2019 influential Lex column<\/a><\/u> gives Omm El Donia a nice shout-out. Lex notes the country\u2019s continued attractiveness to the carry trade, the nascent recovery in tourism, and the outperformance of the EGX relative to the MSCI EM gauge \u2014 and cites Carbon Holdings\u2019 USD 10.9 bn petrochemical complex as a \u201cglimpse of the future.\u201d \u201cProsaic industrial investment,\u201d Lex writes, will be more valuable in the long-run for Egypt than big dreams such as the USD 500 bn Egyptian arm of Neom, Saudi Arabia\u2019s planned robot utopia.<\/p>\n

\u2026and so does Citi. <\/strong>Frontier markets have had their worst half-year performance since 2012, Citi said as it released a six-month update to its FM ranking model, but all is not lost: Egypt remains the bank\u2019s fifth most attractive frontier economy<\/strong> from an investment point of view, behind Romania, Nigeria, Kuwait and Sri Lanka, the Wall Street Journal<\/a><\/u> notes.<\/p>\n","protected":false},"excerpt":{"rendered":"

There\u2019s plenty of \u2018meh\u2019 news for Egypt in the international press this morning, most of it our own doing (we have chapter and verse in Egypt in the News, below). After all, we appear now to live in a parallel dimension in which the Prosecutor General\u2019s Office is siding with a free press while the […]<\/p>\n","protected":false},"author":1,"featured_media":626609,"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":[7204],"tags":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"67ddb479-f228-4231-a62e-4820afc0a638","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/7\/1321.png","photo_position":"above","related_issue":[626606],"teaser":"","voice_url":""},"yoast_head":"\nLex loves Egypt, and so does Citi - 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\/07\/08\/lex-loves-egypt-and-so-does-citi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lex loves Egypt, and so does Citi\" \/>\n<meta property=\"og:description\" content=\"There\u2019s plenty of \u2018meh\u2019 news for Egypt in the international press this morning, most of it our own doing (we have chapter and verse in Egypt in the News, below). After all, we appear now to live in a parallel dimension in which the Prosecutor General\u2019s Office is siding with a free press while the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/lex-loves-egypt-and-so-does-citi\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-08T04:11:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1321.png?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\/07\/08\/lex-loves-egypt-and-so-does-citi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/lex-loves-egypt-and-so-does-citi\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Lex loves Egypt, and so does Citi\",\"datePublished\":\"2018-07-08T04:11:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/lex-loves-egypt-and-so-does-citi\/\"},\"wordCount\":254,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/lex-loves-egypt-and-so-does-citi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1321.png?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/lex-loves-egypt-and-so-does-citi\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/lex-loves-egypt-and-so-does-citi\/\",\"name\":\"Lex loves Egypt, and so does Citi - 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Goldman\u2019s smallest class of partners since \u201898? Goldman Sachs is set to announce a small partnership class this year as it looks to keep its \u201cupper ranks\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1434.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600493,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/what-were-tracking-on-31-january-2019\/","url_meta":{"origin":626608,"position":2},"title":"What we\u2019re tracking on 31 January 2019","author":"enterpriseam admin","date":"31 January 2019","format":false,"excerpt":"Our popular My Morning Routine section is back today after going on hiatus over the Christmas-New Year vacation period. This morning: The person whose business has seen a number of us (happily) eating less meat. 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Business is moving at a snail\u2019s pace between the heat and lack of caffeine, making the one big story of the day the still-unfolding mess in global markets. We have the full rundown in this morning\u2019s Speed\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629855,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/03\/el-sisi-wins-second-term-in-office-with-97-08-of-the-vote\/","url_meta":{"origin":626608,"position":5},"title":"El Sisi wins second term in office with 97.08% of the vote","author":"enterpriseam admin","date":"3 April 2018","format":false,"excerpt":"President Abdel Fattah El Sisi won a second term in office with 97.08% of the vote, according to the State Information Service. Some 22.491 mn out of the total 24.245 mn who turned out to vote cast their ballots for El Sisi. 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