Egypt exits FTSE Russell watch list, retains emerging-market status

FTSE Russell has removed Egypt's stock market from its Watch List, keeping the country classified as a secondary emerging market.

• FTSE Russell has officially removed Egypt from its Watch List after the market met the required international criteria.
• The decision keeps Egypt classified as a secondary emerging market rather than downgrading it to frontier market status.
• Egyptian Exchange chairman Omar Radwan said three companies — Talaat Moustafa Group, Telecom Egypt, and Commercial International Bank — met the mid-cap requirements.
• Radwan said the exit is a milestone in the market's development, not its end point, with work continuing on deepening the market.