Pre-Trading Thoughts

Egypt’s annual urban inflation jumped to 32.7% y-o-y in March, up from 31.9% the month before. Core inflation stood at 39.5% y-o-y in March, down slightly from February’s record high of 40.3%. Yesterday, the spring meetings of the World Bank and the International Monetary Fund kicked off in Washington, DC, with the participation of Egypt’s Minister of International Cooperation. Chinese hydropower developer CTG wants to invest in local renewable energy, desalination, water pumping, and green h...