A case for Egypt

A seemingly unknown economy in the middle east called Egypt is undergoing a big change in terms of its government and economy. Egypt is establishing itself as a major player in the middle east on par with Israel and Dubai.

Egypt economic outlook growth is set to normalize at around 4% per year which is better than most western and asian economies. Newly elected president Al-Sisi is economically minded president that indends to lead Egypt to more sustained growth and economic prosperity. Al-Sisi has achieved economic stability and induced Moody’s and other rating agencies to raise the outlook to ‘stable’. Egypt index chart below has growth potential of 100% over the next 2 years based on the technical analysis indicators.

finviz dynamic chart for  EGPT