As Egypt teeters on the edge of globalization and some wonder if it can be afforded, could an exchange traded fund (ETF) dedicated solely to the country be in the offing?
Egypt has the largest population in the Middle East, and Cairo in particular is growing so much that its population is spilling into the desert, according to a report on Marketplace from American Public Media.
Modern Cairo dates back 1,000 years, meaning its infrastructure is literally ancient. Diane Singerman, a co-author of "Cairo Cosmopolitan," says there has been a lot of investment in bringing things up to date. There’s a ring road around the city and a metro is being built, but a lot of what’s taken place is because of the tourism industry.