What we’re tracking on 18 July 2017
Some banks have begun selling FX to private citizens without requiring travel documents in what Al Borsa says is a sign of improving availability of foreign exchange. Some banks surveyed were limiting sales to USD 2k per person, while others were reportedly selling with no limit.
CIT Minister Yasser El Kadi is in Paris for a two-day visit to meet with representatives from mobile network company Orange, Youm7 reports. No further details were provided, except that El Kadi will visit Orange Labs where he’ll learn more about the mobile operator’s R&D and incubation facilities.
The government is expected to sign today a non-binding agreement with certain industry associations that would urge private-sector companies to give raises to their employees. We have more on the agreement (probably the brainchild of the Union of Communist-Capitalist Friendship Society) in the Speed Round, below.
Keep your eye on this: “A long run of inflows to emerging market stocks and bonds is showing signs of faltering with cross-border flows turning negative last week for the first time since March,” the Financial Times reports. “Analysts said the data had more likely picked up a correction after several months of strong inflows rather than the beginning of a prolonged reversal.”
Our friend Andre Valavanis, investor relations officer at GB Auto, will contest the World Boxing Federation Intercontinental Welterweight Title today in a WBF championship twin-bill in Cairo.