Majlis & Markets
Majlis & Markets brings you insightful conversations with leaders in Islamic and global markets. 🌐💬 Join us as we explore the landscape of Islamic finance, delve into the intricacies of Middle Eastern and global financial markets as well as enter the realms of venture capital and much more!
Email us: hassan@majlisandmarkets.com
Majlis & Markets
Episode 13-Unpacking Egypt's Economy
Since 2011, Egypt has faced political and economic challenges, worsened by a surge in foreign debt and unfavourable policies. COVID-19 in 2020 and the Russia-Ukraine conflict in 2022 hit hard, especially as Egypt is the world's largest wheat importer.
Today, Egypt is dealing with soaring inflation, a weakened currency, and heightened climate and geopolitical risks. Yet, recent aid, like an IMF bailout and a major investment by the UAE in February 2024, brings hope.
In our 13th episode, we spoke to Angus Blair, an expert in MENA markets renowned for his work in investment banking and asset management.
Recognised as an "Emerging Markets Superstar" by Global Finance magazine, Angus's insights are sought after by the likes of Bloomberg and the BBC.
In this episode, we spoke about several topics including:
- An overview of Egypt's since 2011
- The country's mounting debt burden
- Challenges facing the business environment
- Emerging climate risks
Intro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay
