Egypt country watch

Exposure to Egypt means watching the Central Bank and the pound, IMF programme milestones and import rules, Suez Canal traffic and the ports of Alexandria, Damietta and Ain Sokhna, gas output and power cuts, state and military stakes in the economy, and the construction, fertiliser, banking and tourism groups that carry demand. We read Al-Ahram, Daily News Egypt, Al-Masry Al-Youm, Enterprise and Al-Mal every morning.