As Egyptian stocks hit a six-year-plus high this week, the country's president told CNBC there was an air of optimism in the country, despite signs of social unrest.
"The optimism in Egypt is a result of a feeling of future stability and of a better tomorrow after a difficult period Egypt has been through over the last four years," Egyptian President Abdel Fattah Al-Sisi, told CNBC Thursday.
In a sign of increasing optimism in the markets, Egyptian stocks hit a six-and-a-half-year closing high on Wednesday. The economy is currently benefiting from the lower global oil price – which has declined around 60 percent since last June. This has helped to ease the country's trade balance and inflation.
Speaking to CNBC at the World Economic Forum in Davos, Sisi was confident the air of optimism would continue and that his government would "continue to strike a balance for development in the economic field but also in other areas."