Pre-Trading Thoughts

Inflation for February: Annual urban inflation jumped to 8.8% compared to 7.2% in January; Monthly reading is 1.6% up from 0.9% in January, on soaring food prices, and unfavorable base effect The government will try to absorb the costs of the rising commodity prices “as much as possible” and relieve the inflationary impact on the public The government budget has EGP170 billion of emergency provisions to face the repercussions of the current crisis between Russia and Ukraine Egypt’s exports re...