The Council of State is expected to begin reviewing the Investment Act’s executive regulations next week and finalize its work by the end of the month.

Telecom Egypt could be rolling out mobile services nationwide next week, according to Al Mal. TE is looking to snag a 2-3% market share for its first year in operation, or about 2 mn customers. The market had some 100.31 mn subscribers in the 12 month period ending in July 2017, the newspaper reports.

A UK trade delegation headed by trade envoy Sir Jeffrey Donaldson will be visiting Egypt this month to discuss investment in infrastructure, among other topics.

Vice-chairman of the Federal Reserve Stanley Fischer submitted his resignation to US President Donald Trump, according to the FT (paywall). The move comes at a very fluid time for US monetary policy and ahead of the Fed Policy meeting on 19-20 September. The resignation leaves several Fed seats empty, giving Trump room to influence central bank policy. Fischer maintained an active and hawkish fed policy and opposed deregulating Wall Street, something Trump heavily favours. With Fed boss Janet Yellen potentially nearing the end of her tenure, after Trump indicated he may not reappoint her, the Fed could be in for a massive shift in gear. Trump had signalled that he may look to appoint his top economic advisor, Gary Cohn, as Fed chairman, as he may opt to pick a candidate more in line with his policy and going against the mold of previous presidents and maintaining continuity, says writes Craig Torres for Bloomberg.

The shakeup in the Fed comes as inflation in the US continues to be muted despite the American economy expanding moderately in July through to mid-August, according to the latest survey conducted by the Fed on Wednesday. The inflation question has stumped central bankers and will probably the issue guiding the Fed during the policy meeting.

Our own central bank’s Monetary Policy Committee will be meeting on 28 September to decide on Egypt’s interest rates, which we don’t expect to see lowered before the end of the year.