-We expect annual urban inflation to retreat to 5.5% down from 5.7% in August

-The fuel repricing committee decided to increase prices of gasoline by EGP0.25 per liter, while keeping Diesel prices constant

-The government is looking to raise USD 2 bn through a three-year syndicated facility

-Afreximbank is currently in talks with four local banks over financing (USD600 mn -USD 1 bn)

-Foreign investment in Egyptian treasuries exceeds USD30 bn

-WBG raised its forecasts for Egypt’s real GDP growth in FY2021/22 to 5%

-MPs initiated a briefing request on the controversial capital gains tax; postponing or cancelling the tax are still on the table.

-GASC purchased wheat in Sept. at an average price of USD320.51/mt FOB

-Subscription period for the retail offering of e-finance (25.78 mn shares) will begin today until Sunday, 17 October; Final price on Tuesday, 12 October

-NTRA is launching tenders to build mobile phone towers at an expected cost of EGP324 mn

-HRHO and the Sovereign Fund of Egypt have received the cabinet approval for their acquisition of a 76% stake in the Arab Investment Bank (AIB)

-CANA to lend Valu EGP300 million

-Egypt Life Insurance Company might be listed on EGX by 2H2022

-ORAS will build a 525 MW solar plant in Iraq, valued at USD500 million

-HELI concluded its technical valuation of the three offers (Majid Al Futtaim, Hassan Allam Properties, and Mountain View) it received for the co-development of  Heliopark

-Gadwa for Industrial Development (PIOH) aims to start a pharma business after concluding one exit

-Aspire (PIOH- financials) aims to expand into microfinance and mortgage finance

-Pioneers Properties also aims to securitize receivables, with the first EGP700.0 million

-Sharm El Sheikh received yesterday its first direct flight from London

-Cairo received its first Libyan Airlines flight from Tripoli in over seven years

-Moderna announced that it is looking to set up a USD500 million facility in Africa