Pre-Trading Thoughts

-We expect annual urban inflation for September to retreat to 5.5% down from 5.7% in August-Egypt will export natural gas to Lebanon within the next few weeks (Theme: Energy exports and BoP)-Colliers International expects a continuous recovery in both revenues and occupation rates of key tourism destinations in Egypt-ORAS-Hitachi ABB to execute all work in Egypt to connect the national power grids of Egypt and Saudi -El Sewedy Electric and Schenker Egypt consortium to participate in the construction of a railway linking the ports of Alexandria and Dekheila  -Export Council for Building Materials preparing a new plan to increase the sector's exports to the Libyan market (Theme: Reconstruction and Egypt’s role) -Misr El Raqameya  signed a partnership agreement with IHS Towers to build 6k towers throughout the country over the coming three years. The license would also allow for the acquisition and operation of existing mobile phone towers. (ETEL) -CIRA received presidential approval to begin offering seventeen majors at Badr University  -AUTO market share at 18.6% in August (+0.1pps YoY but -6.6pps MoM) -HRHO’s Corp-Solutions signed a  EGP750 million sale and leaseback agreement with Misr Italia to refinance its Garden 8 Mall  -HRHO’s Tanmeyah microfinance market share at 15.29%, CICH's Reefy market share at 5.5%, RAYA’s Aman market share at 4.4% -BTFH’s  Belcash to provide tuition fee loans to the parents of BUE -Cabinet to reduce the price of PCR test for both Egyptians and foreigners by 25% (Negative for IDHC and SPMD) -EGAL will contract Bechtel to re-examine the company’s modernization project, instead of expansion one -CPCI announces DPS of EGP4.00, DY of 10.0%