What we’re tracking on Wednesday, 4 January 2017
It’s purchasing managers’ index day — cue the gnashing of teeth. The Emirates NBD Egypt PMI by Markit is due out this morning by 6:15am CLT — or about 10 minutes after we typically tap “send” on Enterprise. It will be posted here when released. The last iteration found the gauge at its lowest level since July 2013. The Saudi and UAE polls are also due out at 6:15am CLT today.
The draft Financial Leasing and Factoring Act leaked shortly before our dispatch time this morning, and we’ve not yet had time to digest it in full. Al Borsa has broken the story and presents what it says is the final version of the bill that is heading to the House of Representatives for debate. You can check out their coverage here or download the draft law here (in pdf). We’ll have more coverage in tomorrow’s edition.
A fuel price hike is not imminent, the Cabinet Information and Decision Support Center said yesterday. The statement came as media coverage of the continued rollout of fuel smart cards prompted rumors that a price hike was imminent.