As is often the case, we begin this morning grateful. Grateful for the privilege of writing you folks each day, and grateful for another day with our loved ones. Our apologies for being a few minutes late this morning.

It’s a busy news day today, so we’ll get straight to the point:

Attention brokers: The Financial Regulatory Authority (FRA) issued a directive yesterday that sets a security deposit minimum on intraday trading of 25% of the transaction value, of at least EGP 1 mn or its equivalent in USD, FRA said in a statement.

Egypt is targeting economic growth of 5.8% in FY2018-19, Planning Minister Hala El Saeed said on Monday, according to Reuters. The government appears to have lowered slightly its projections, first disclosed earlier this month, which had set a 6% for the next fiscal year. El Saeed had estimated that growth in FY2017-18 would reach 5.3-5.5%.

CI Capital’s MENA Investor Conference gets underway this morning at the Four Seasons Nile Plaza.

The conference gets underway amid market chatter that CI is actively preparing to go public. The firm has tapped Jefferies International as global coordinator for its planned share issuance on the EGX, sources told Al Mal. The issuance is set to be managed between Jefferies and CI Capital Investment Banking, the sources noted. CEO Mahmoud Attallah had said last November that CI Capital was expecting to list by 2H2018. Matouk Bassiouny is said to be the legal counsel on the transaction.

The US Department of Homeland Security announced yesterday plans to implement new security protocols to the US refugee admissions program to prevent it from being “exploited by terrorists, criminals and fraudsters” from “high-risk” countries, Reuters reports. The protocol covers refugees from at least 11 countries, including Egypt.