3. Egypt
Egypt is another African country on our list of countries with political and civil unrest in 2017 that faces heightened political and economic uncertainty, with its military rulers being unpopular among large sections of the population. The Muslim Brotherhood has been attacking the government after most of its leaders were jailed and killed by the military under the rule of current President General Abdel Fattah el-Sisi. The country’s economic situation is fragile, as it depends on aid from Saudi Arabia and other rich Arab states. Its Sinai region regularly sees terrorist attacks, which has affected its tourism industry.
Market Vectors Egypt Index ETF (NYSEARCA:EGPT) invests in publicly traded companies that are domiciled and primarily listed on an exchange in Egypt, or that generate at least 50% of their revenue in Egypt. This Egypt-focused ETF has lost one-fourth of its value over the last year and remains a high-risk investment.
Copyright: hecke / 123RF Stock Photo
