The IMF is in talks with the government on how to cushion Egypt from the fallout from Russia’s invasion of Ukraine

Trade Ministry has banned the export of staple food commodities for three months as it looks to shore up supplies amid turmoil in the global food market 

The annual core inflation rate, which excludes volatile and administered goods' prices, recorded 7.2% in February, compared to 6.3% in January

Suez Canal revenues have not yet been affected by the outbreak of war because the trade movement is continuing in the Black Sea

Ministry of Agriculture expects that Egypt's total wheat production would reach about 10 million tons this year

Fed meets for its March policy meeting on Tuesday and Wednesday; A quarter-point rate hike is widely expected

IMF will likely downgrade its growth outlook for the global economy due to the war

FWRY signed a contract with Misr Life Insurance to collect insurance premiums through its network 

RACC reported 2021 net profit of EGP23.7 million, -53.7% YoY; RACC is currently trading at 2022f P/E of 6.8x

Cabinet reviewed last week the final version of a national strategy to develop the automotive industry, to cover the assembly of passenger cars, SUVs, vans, and microbuses; to encourage assemblers to switch to CKD assembly

Dumping duties imposed on rebar imports have reignited a conflict between producers and traders about its renewal, since it expires in June 2022

Qatari "Baladna" for food industries is studying increasing their stake gradually in JUFO to have a representative from their side on JUFO's BoD

The price of poultry feed has risen by more than 15% since the war began

The ongoing jumps in wheat prices led to a rise in the demand for Bran and its prices, which hit EGP6,000/ton. Flour prices climbed by EGP3,000/ton to reach EGP9,100-9,700/ton. 

Real estate developers expect real estate prices to increase 15-20% in 2022, in light of the increase in building materials prices