Last week, when we discussed the recent ominous gas deal cancellation between Egypt and Israel we warned that the May Egyptian presidential election is the one that nobody is concerned about, yet should be far more prominent on everyone's radar, especially in the aftermath of not only the recent deterioration of Egypt-Israel relations, but also the withdrawal of the Arabian ambassador from Cairo.
Lately, Art Cashin has been warning us that we should be paying more attention to the geopolitical risks overseas. This morning, Cashin, UBS Financial Services' director of floor operations, refers back to Egypt. From this morning's... Read Post
Head of Egyptian Natural Gas Holding Company announced Sunday that it was terminating its agreement to provide natural gas to Israel due to Jerusalem's 'repeated breaching of the agreement.' Egypt canceled the natural gas deal with ... Read Post