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Thursday, 29 November 2018

More what we’re tracking on 29 November 2018

Further afield: The US-China trade war and the reception accorded Saudi Crown Prince Mohammed bin Salman will be the highlights of the G20 summit in Buenos Aires taking place this weekend. And the jockeying over a potential production cut to prop up prices is well underway ahead of next Thursday’s OPEC meeting in Vienna.

Looking to the end of the month: The Central Bank of Egypt will next meet on 27 December. Economists in our poll this month expected policy rates would remain on hold well into 2019.

The chief executive of UK Export Finance is in Egypt to meet with Oil Minister Tarek El Molla and representatives from the Finance Ministry. The visit by Louis Taylor comes after UK Minister of Investment Graham Stuart told us in May that UKEF would extend an “unprecedented” USD 1.6 bn financing package available to Carbon Holdings’ Tahrir Petrochemicals Corp.

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