Pre-Trading Thoughts

-We expect annual urban inflation to retreat to 5.5% down from 5.7% in August -The fuel repricing committee decided to increase prices of gasoline by EGP0.25 per liter, while keeping Diesel prices constant -The government is looking to raise USD 2 bn through a three-year syndicated facility -Afreximbank is currently in talks with four local banks over financing (USD600 mn -USD 1 bn) -Foreign investment in Egyptian treasuries exceeds USD30 bn -WBG raised its forecasts for Egypt’s real GDP grow...