Pre-Trading Thoughts

The CBE's MPC is scheduled to meet today. We remind you that we expect the CBE to prefer to hold rates unchanged in today’s meeting due to persistent inflationary pressures, among other factors. Senior private and public sector figures from Egypt and the UAE inked numerous investments: Cabinet greenlit two power purchase agreements for two separate solar projects for a consortium made up of the UAE’s Masdar, Hassan Allam Utilities, and Infinity Power. Cabinet approved a draft decision to esta...