Credit & risk research
Independent credit opinions on sovereigns, financial institutions and corporates, plus counterparty and trade-finance exposure — with the rating rationale and the downside laid out, not buried.
Independent research house
/
GCC · Europe · Emerging markets
Independent research for the decisions that move capital.
Investors, lenders and operators come to Avaris for a defensible, senior-led read on risk and opportunity — sovereign and counterparty credit, market entry, and the analytics that connect them — across the GCC, Europe and emerging markets.
Sovereign-ratings methodology
IFRS 9 & Basel III aligned
Primary & expert-network research
Power BI · SQL · Python
Bilingual EN / AR reporting
Capabilities
Decision-grade research, built around your question — not a template.
Market intelligence
Market sizing, demand modelling, competitive landscapes and entry strategy — the evidence to decide whether, where and how to move into a new geography, corridor or product.
Business analytics & BI
Financial models, KPI frameworks and Power BI dashboards that turn operational and market data into a clear, current view your board can actually act on.
Investor readiness
Investor decks, diligence-grade financials and equity narratives — positioning a company or asset for capital with a credit analyst's scrutiny behind every number.
Domain depth
Where our analysis goes deep.
S1Banking & financial services
S2Sovereign & public sector
S3Trade, commodities & export finance
S4Real estate & infrastructure
S5Consumer, retail & FMCG
S6Technology, FinTech & payments
Built on the founder's work across sovereign ratings, cross-border trade finance and business research — and extended, where a mandate calls for it, through a vetted network of subject-matter specialists.
Method
A short, transparent path from question to decision.
STAGE 01
Scope
We pin down the exact question, the decision it feeds and the depth it deserves — then fix the brief, timeline and price before any work begins. No open-ended retainers, no scope creep.
STAGE 02
Evidence
Filings, market data, regulatory records and expert-network conversations, gathered from primary sources and triangulated — never a single feed taken at face value.
STAGE 03
Analysis
Structured against a stated methodology — credit frameworks, financial models or market logic — so every conclusion can be traced back to the evidence behind it.
STAGE 04
Decision
The finding first, the reasoning beneath it, the limits stated plainly — delivered as a report, model or live dashboard, with a working session to pressure-test it.
Engagement
Ways to work with us.
Single mandate
A defined question, a fixed scope and a dated deliverable. The fastest way to get one important decision right.
Fixed fee · per project
Research retainer
A standing research partner for teams making frequent calls — a set block of senior analyst time each month at a preferential rate.
Monthly · block of hours
Embedded analyst
Senior research capacity alongside your team for the length of a raise, a transaction or a market-entry programme.
Dedicated · by term
The firm
Senior-led. Independent by design.
Avaris Trading Research is an independent practice for investors, lenders and businesses that need a defensible read on risk and opportunity — without the cost, conflicts or junior-heavy teams of a large house.
Every mandate is run by the principal, not delegated down a pyramid. Our roots are in sovereign and financial-institution credit ratings and cross-border trade-finance research, and that discipline shapes everything we produce: sources cited, assumptions shown, conclusions delivered with their caveats attached.
We work across the GCC, Europe and emerging markets, in English and Arabic, from our desk in Cairo — an independent research firm registered in Egypt.
Founder & Principal
“I spent years rating sovereigns and financial institutions and researching trade finance across the region. Avaris brings that standard of analysis to the investors and businesses who normally can't reach it.”
Dr. Esam Murad — former sovereign credit analyst (Islamic International Rating Agency) and trade-finance researcher (Afreximbank). DBA · MSc FinTech · Microsoft Power BI PL-300.
24h
Scope and a fixed quote, turned around in a business day
100%
Senior-led — every mandate run by the principal
EN·AR
Reporting delivered in English and Arabic
GCC·EU
Coverage across the Gulf, Europe and emerging markets
Have a decision that a report should answer?
Tell us what's in front of you. You'll have the scope, method, timeline and a fixed price — usually within one business day.
Get in touch
Request research.
Email
research@avarisltd.com
Office
Cairo, Egypt
Response
Scope & fixed quote within one business day