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 2011The country's mounting debt burdenChallenges facing the business environmentEmerging climate risksIntro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay