Arqaam's Rizk: We Like Egypt in the EM Space

The video discusses the temporary pause in the primary market due to Evergrande's situation in China and the Federal Reserve's actions. It explores the potential global impact of Evergrande, particularly on emerging markets. The video also analyzes Egypt's favorable market position compared to other emerging markets, highlighting stable inflation and FX reserves. It examines the oil market dynamics, considering factors like peak growth, the Delta variant, and supply issues. Finally, it provides a fiscal outlook for Oman and Bahrain, noting their improved positions in the GCC market.

What is the primary concern regarding Evergrande's situation in China?

• It poses a risk of contagion to emerging markets.

• It will lead to a global economic boom.

• It will cause a decrease in oil prices.

• It will stabilize the global financial markets.

Why is Egypt considered favorable compared to other emerging markets?

• Because of its high foreign debt.

• Due to its stable fundamentals and well-behaved inflation.

• Due to its unstable inflation rates.

• Because of its declining FX reserves.

What has been the performance of Asia compared to other emerging markets?

• Asia has significantly underperformed on a year-to-date basis.

• Asia has outperformed all other markets.

• Asia has shown the highest growth since 2008.

• Asia has remained stable with no significant changes.

What is the current state of the oil supply according to the transcript?

• The oil supply is structurally weak.

• The oil supply is increasing rapidly.

• The oil supply is unaffected by external factors.

• The oil supply is abundant and stable.

How is Oman positioned fiscally according to the discussion?

• Oman is in a better fiscal position and may not need to return to the market this year.

• Oman is facing a fiscal crisis.

• Oman is in a worse fiscal position than last year.

• Oman is planning to increase its market presence significantly.