West warms to Egyptian equities

Egypt's equities market is in recovery mode after a period of chronic political and economic instability

Egypt's equities market is in recovery mode after a period of chronic political and economic instability.

There has not been a single flotation in Egypt since President Mubarak was ousted from power by a popular uprising in early 2011. However, Egypt is readying for the IPO of the Arabian Cement Company in the coming weeks and bankers are optimistic that returning investor confidence will help to free up a "huge backlog" in the pipeline.

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