Pre-Trading Thoughts

Annual urban inflation rose to 16.2% in October up from 15.0% in September, while MoM, urban inflation rose to 2.6% in October from 1.6% in September. Emirati investments to Egypt could rise by 20-40% by the end of the year. The US, Germany, and other European countries have pledged to provide more than USD550 million to help Egypt decarbonize its power infrastructure and install new renewable energy capacity. The OPEC Fund for Development Director-General revealed that negotiations are curre...