Pre-Tading Thoughts

Egypt's PMI rose in June to 49.1, its highest level in almost two years. The cabinet has denied rumors circulating about the Customs Authority banning the import of a list of goods for a three-month period. Cabinet approved a decision lifting current controls on foreign ownership of real estate, provided that foreigners pay for their purchases in hard currency and via bank transfer to a state-owned bank. Ministers approved two draft decisions allocating state owned land in N...