Egypt stands out in this week’s On the Frontiers column in the Wall Street Journal, which features a mini-interview with Birch Reynardson, PM at London-based Somerset Capital. On Omm El Donia, which he says has been “a great contributor” to his portfolio: “They’re executing most of the target structural reforms that they instigated a year ago so they’ve managed to reduce the current account deficit and inflation looks like it’s peaking. So the fundamentals are improving, but it’s still a very vulnerable environment in terms of the lack of positive sentiment on the ground. Growth in the near term is more likely to be driven by industrial-led projects and funded through FDI rather than domestic consumption.”