Correction

CORRECTIONs - A couple of Mia Culpas this morning with our apologies. First, a grave typo went out yesterday in our coverage of inflation report. Monthly inflation recorded 0.8% in June 2017 for both core and urban inflation and not 1.8% as we have said in the story. We would also like to clarify in our story on university tuition increasing 10%, we had said that the American University in Cairo collects half of its fees in USD or EGP equivalent, which is not the case anymore. AUC had amended its tuition payment policy in March to cope with the EGP float, whereby Egyptian students pay their tuition in EGP. We don’t like making excuses for ourselves, but if we had to, we pick the heat. h/t SE and DR