The US, Iran and the Shifting Sands of Middle East Peace

The US, Iran and the Shifting Sands of Middle East Peace

Iranian president Hassan Rouhani’s speech at the UN last week appears to be a further indication of a change in Iran’s strategy in its dealings with the West. After years of Mahmoud Ahmadinejad’s bellicose rhetoric and confrontational posturing, the Iranian regime has taken a much more conciliatory stance since Rouhani’s election earlier this summer. Iranian […]

Value Investing: Turkcell (TKC:US)

Value Investing: Turkcell (TKC:US)

Turkcell is our choice for a ‘defensive’ stock pick in Turkey’s precarious macro environment. In contrast to many of its peers, Turkcell’s revenue is growing rapidly. Meanwhile, the stock price remains depressed due to an ongoing dispute between its main shareholders.

By September 20, 2013 0 Comments Read More →
Moving Forward in Egypt

Moving Forward in Egypt

The magnitude and brutality of the military crackdown in Egypt has come as great surprise to the western powers. Both the EU and the US have had a difficult time calibrating their reactions to the recent events. In their responses, they have remained careful not to alienate Egypt’s military-backed rulers while still appearing tough on the heavy-handed methods used to quell opposition to the coup d’état.

By September 17, 2013 0 Comments Read More →
EU Suspends Some Military Aid to Egypt

EU Suspends Some Military Aid to Egypt

At an emergency meeting held yesterday in Brussels, foreign ministers from the EU member states decided to partially suspend the provision of arms to Egypt in light of the recent violence. The decision will rescind licenses which permit the export of military equipment that could be used for “internal repression”. However, this covers only certain […]

Counting the Cost of Military intervention in Egypt

Counting the Cost of Military intervention in Egypt

The recent upsurge in violence has brought Egypt back into the headlines. Over 1,000 people have been killed in the past week, mainly supporters of Muhammad Morsi and the Muslim Brotherhood. Before venturing into analysis of the implications of recent events, some background might be helpful. As one might expect, the Brotherhood’s fall from power […]

EU: The Economic Consequences of EU Policy on Israeli Settlements

EU: The Economic Consequences of EU Policy on Israeli Settlements

In many ways, the mild sanctions which the EU imposed on Israel last week has helped to break new ground in the Middle East peace process. For the first time, a major economic power offered a meaningful public rebuke of Israel’s occupation of Palestinian territory. More importantly, the timing of the move was essential in […]

Value Investing: Taking the Long View on Egyptian Real Estate with TMG

Value Investing: Taking the Long View on Egyptian Real Estate with TMG

TMG, one of Egypt’s largest property developers, can currently be obtained for a competitive price. Yet considering the recent political turmoil, is now the right time to invest?

Emerging Markets: Turkey Loses its Shine

Emerging Markets: Turkey Loses its Shine

What is the current state of the ‘Turkish Miracle’ and how will the recent Gezi Park protests affect Turkey’s political and economic development?