Pre-Trading Thoughts

Core inflation slowed to 38.1% y-o-y in October from 39.7% in September. On a monthly basis, core inflation slowed to 1.8% from 3.0% in September. Minister of Tourism said that the official opening of the Grand Egyptian Museum will be probably between February and May of 2024. Egypt is considering implementing trade exchange operations with Russia, Turkey, and some African countries through a “barter” system. The Central Bank of Egypt will hold an auction to refinance USD1.6 billion of USD-de...