JPMorgan’s new frontier index gives Egypt its biggest possible weighting
· Egyptian market news · EAST
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The money in Egypt’s waste was never really in question
Now onto the market that looks full, but is emptier than the numbers suggest.
On the diplo front: left Cairo yesterday set to meet
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Back in the index game
JPMorgan is rolling out a new local-currency government bond benchmark for frontier markets — called GBI-EM Edge — by the end of the month Reuters
IN CONTEXT- in January 2024 told us shortly after
This doesn’t reclassify Egypt as a frontier economy —
Saudi crude stored in Egypt can buy Riyadh another week of loadings before Red Sea exports have to fall sharply The Wall Street Journal temporarily shut the East-West oil pipeline
Why it matters: could run out of oil stocks still badly disrupted is exposed to Houthi advances
This is where Egypt comes in: Sumed more than double
Amer Group Holding ’s board approved a restructuring that puts its tourism arm on track for an EGX listing — without an IPO or bookbuild board minutes (pdf) Amer Group
No IPO or bookbuild: as recently as November 2025
What we still don’t know is how much of ANC is being distributed 388-acre integrated tourism project
REFRESHER- EFG Holding took this route with Valu last year 852.4% from a EGP 0.777 reference price an accelerated bookbuild in April 2026
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It’ll be warmer in Alexandria too
The big story abroad
Global markets are bracing for an imminent Federal Reserve rate hike surveyed by Reuters
Prelude to a blockbuster IPO? courting top investors
On the regional war front run up a USD 38 bn bill
*** It’s Hardhat day — your weekly briefing of all things infrastructure in Egypt: