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Monday, 21 November 2016

On the horizon

OPEC deal in sight? OPEC’s 171st ordinary meeting takes place Wednesday, 30 November in Vienna, and the pre-meeting jousting has already begun. Iran says it is “optimistic” about the meeting and believes “crude prices could jump to USD 55 a barrel if an agreement is reached and non-OPEC producers cooperate.” We’re not sure we want to be on what’s least likely: Agreement being reached, or the exercise in cat-herding that is getting non-OPEC producers to fall in line. CNBC’s Patti Domm, writing for the site’s Market Insider column, has a nice wrap-up from the talking heads about “Why OPEC could end failed strategy and strike deal for real on production this time.”

Also next week:

  • The 2016 edition of tech gathering Cairo ICT gets underway on Sunday, 27 November.
  • Citi’s Global Consumer Conference takes place on Tuesday and Wednesday in London.
  • Al Ahram Hebdo and the French Embassy in Cairo will host a conference headlined French Investments in Egypt: Opportunities and Challenges.
  • A Russian delegation will be visiting Egypt next week to finalize all outstanding issues and sign the contract for the Dabaa nuclear power plant project with Egypt’s Electricity Ministry.

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