The Egyptian Stock Exchange tumbled further in early July after Ethiopia announced starting a second filling of the Grand Ethiopian Renaissance Dam’s (GERD’s) reservoir on the Nile River, according to Reuters. The EGX 30 has been one of the worst-performing indices YTD. The underperformance could partially, if not entirely, be attributed to the GERD issue. … Continue reading The GERD saga – is the market overreacting to the crisis?