Pre-Trading Thoughts

The government and TMGH could together retain a 20% stake in the North Coast’s Ras El Hekma. Annual urban inflation eased in January to reach 29.8% in January from 33.7% in December. Monthly Inflation, however, inched up again in January to 1.6%, compared to 1.4% the month before. Annual core inflation, which excludes volatile items, fell to 29% in January, down from 34.2% in December, Meanwhile, monthly core inflation accelerated to 2.2% from 1.3% in December. Finance Ministry has revi...