CORRECTION- We made a couple of errors on our report on Egypt’s trade deficit figures for 1H2017-18: Merchandise exports increased to EGP 12.1 bn in 1H2017-18 and not EGP 12.9 bn; and net foreign holdings in Egypt’s T-bills grew to USD 8.1 bn from USD 686.7 mn not bn. The story has been corrected in our web edition. We regret the errors.

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