The rest of What We’re Tracking Today on 18 January 2018
President Abdel Fattah El Sisi will sign cooperation agreements with Ethiopian Prime Minister Hailemariam Desalegn today after the two leaders hold talks that are expected to cover, in part, the impasse over the Grand Ethiopian Renaissance Dam. Trade ties are also on the agenda, and the two leaders are scheduled to attend the day’s meeting of the Egyptian-Ethiopian Joint Commission. (We have more in the Speed Round, below).
The Saudi ban on Egyptian guava imports comes into effect today and will continue until Egypt proves its produce is safe for consumption, the Saudi Gazette reports. Saudi Arabia had imposed a temporary ban on guava imports from Egypt, citing concerns about pesticide residue. The move has prompted the Agriculture Ministry to issue tighter quality regulations.
Egypt will issue its USD 3-4 bn eurbond in the first half of February, Finance Minister Amr El Garhy said yesterday, according to Reuters. HSBC, Citigroup, JPMorgan Chase & Co, Morgan Stanley, and National Bank of Abu Dhabi will be managing the issuance, with Linklater LLP and Zaki Hashem & Partners as legal advisors to the banks, and Al Tamimi & Co. and Dechert LLP advising the government.
PSA- Water service will be disrupted for any in Giza starting midnight on Saturday until 6am on Sunday as a result of maintenance work at the area’s main water station, according to Al Mal.