Egypt's PMI fell to a four-month low of 48.9 in September, due to a decline in output and new orders

NIR increased by approximately USD153 million in September, reaching USD40.825 billion 

Minister of Public Enterprises: State privatization program won’t be delayed by capital gains tax on EGX transactions 

CBE made changes to its middle-income mortgage finance program 

FRA has issued new regulations to allow individuals to invest in government securities and financial instruments 

The Railway Authority has received proposals from 6 companies (SWDY) to take over the management and operation of a number of freight transport lines 

ACWA Power is eyeing desalination plants in Egypt, ORAS and Hassan Allam Holding have been reported to be in talks with the SFE to build several of the plants

The government has set up a committee to regulate M&A activity in the healthcare industry and approve acquisition bids

Cement exports in 8M2021 almost tripled, reaching USD281million from USD94 million in 2020

HRHO's Vortex Energy will invest EUR 625 mn in Spanish solar developer Ignis Energia 

MHOT expects 1Q21/22 results to show some recovery from the losses incurred in previous quarters

Key Commodity Changes: 

Oil prices hit USD81.43/bbl

Black sea urea index at USD415/ton; Egypt urea index at USD610/ton

Caustic Soda prices climbed to USD449/ton

Steel/Iron Ore spreads are at the USD389 mark