No major changes for MSCI Egypt Index are expected this time around. MSCI will announce rebalancing results on Wednesday, February 9 

Inflation figures for Egypt will be released on February 10; Expect the figure to come close to 7% YoY, compared to 5.9% in December 2021

The CBE decided to keep interest rates unchanged

The government hiked fuel prices for the fourth time in a row by EGP0.25 per liter of gasoline and kept diesel prices unchanged

Egypt's PMI dropped to 47.9 in January 2022 from 49.0 in the prior month

Metito of UAE submitted an offer to construct floating seawater desalination plants in Egypt at a cost of USD100 million

The details for the long-awaited package of incentives to stimulate the local car assembly industry could be made clear within a month; AUTO is a key beneficiary

MCRO’s IPO retail component was 6.49x oversubscribed; First day of trading is February 10

Colliers: Hotel occupancy rates in January 2022 reached 69% in Hurghada and Cairo, 60% in Sharm El Sheikh, and 64% in Alexandria