The government is taking steps to gain money owed from unmentioned firms and this has beaten down the mining industry and the materials sector. Unemployment is rising at 12.5%, and some analysts say it is higher when accounting for the youth. Overall, the investment in new industry has halted and geopolitical risk remains a big deciding factor for the fate of EGPT. [Egypt ETF Rallies Over 50% For Year]
Analysts say that the Morsi administration will have much influence on the future of the economic picture in Egypt, depending on how it deals with low foreign reserves and even lower foreign investment[Tom Lydon, Chuck Jaffe Talk ETF of the Week: Egypt]
Market Vectors Egypt ETF
Tisha Guerrero contributed to this article.