Egypt Is Our Top Pick Across the Middle East, Says Credit Suisse’s Iqbal

The video discusses the forwards rate and the Egyptian pound (EGP) rally, analyzing the central bank's strategy on rate cuts despite inflation concerns. It highlights investment opportunities in Egypt, focusing on stocks and Treasury bills, and examines the market dynamics in Saudi Arabia, particularly the impact of MSCI inclusion and consumer recovery.

What was the unexpected action taken by the Egyptian Central Bank despite rising inflation?

• Introducing new currency notes

• Maintaining interest rates

• Cutting interest rates

• Increasing interest rates

Why is fixed income considered more attractive than equities in Egypt?

• Higher returns

• Government incentives

• Better liquidity

• Lower risk

What is a potential challenge for the Egyptian pound in the short term?

• Increased exports

• High inflation

• Government intervention

• Import-heavy Ramadan period

What has been the impact of the Footsie upgrade on Saudi banks?

• Decreased performance

• Increased inflows

• Stable growth

• No impact

What is expected to happen once the MSCI inclusion occurs in Saudi Arabia?

• Market decline

• Interest rate hike

• Currency devaluation

• Investor rotation