Pre-Trading Thoughts

The USD35 billion Emirati investment in Egypt is an important step, but it is not linked to the Fund’s discussions with Egypt. These two topics are completely separate, the IMF’s Middle East and Central Asia head said. Egypt needs to ramp up private sector activity, rationalize spending, and maintain restrictive monetary policy to help boost economic growth, the Organization for Economic Co-operation and Development (OECD) said. The OECD sees economic growth falling to 3.2% in the current fis...