Egypt could be potentially downgraded from emerging market to frontier market status, with fund managers signalling risks to sentiment and investor behaviour, though the immediate capital impact may be limited. S&P Dow Jones (DJI) is currently consulting on a possible downgrade and a decision is expected on July 17, with any reclassification potentially implemented in September 2027. Egypt recently retained its FTSE Secondary Emerging market status, although it remains on a watchlist ahead of FTSE’s next review on June 30, 2026, as the market no longer meets the minimum number of eligible investable stocks. [...]