Good morning, wonderful people, and welcome to the last full workweek of November. It is shaping up to be another busy week as we gear up to welcome a mission from the IMF next week and to see how markets react to the central bank’s decision to keep rates unchanged.

PSA-

WEATHER- You may want to leave for work a tad earlier than usual as the EgyptianMeteorological Authority sees foggy skies across Greater Cairo from 12-10am. As for the weather today, the capital is in for a high of 32°C and a low of 18°C, according to our favorite weather app.

It’s a little cooler in Alexandria, with a high of 27°C and a low of 18°C.

WATCH THIS SPACE-

An Africa-wide digital platform for medical supplies? The Egyptian Authority for Unified Procurement is in talks to launch a continent-wide digital platform for pharma, medical supplies, nutritional supplements, and cosmetics tailored for African markets, according to a statement from the authority. The platform will be built in partnership with digital solutions firm Fixed Egypt and the African Healthcare & Drug Care Association, aiming ultimately to cover the global market.

CIRCLE YOUR CALENDAR-

IMF visit scheduled for 1-12 December: The IMF mission that will carry out the combined fifth and sixth reviews of of the country’s USD 8 bn extended fund facility program and the first review of the resilience and sustainability facility will be in town between 1-12 December, Prime Minister Moustafa Madbouly announced during latest presser (watch, runtime: 24:57).

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

DATA POINT-

Egypt’s gas shortfall rose 43% y-o-y to 2.5 bcf/d in 3Q 2025, as domestic demand rose, according to calculations by industry publication Middle East Economic Survey (Mees).

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THE BIG STORY ABROAD-

Volatile markets made a rebound on Friday after the New York Fed president hinted another rate cut is coming this year. The Dow gained 1.08%, while the Nasdaq Composite rose 0.9% and the S&P 500 closed up 0.98%. However, the slight rebound came a day after Nvidia’s bumper earnings failed to keep concerns of an AI bubble at bay, leading shares of several AI firms — including Nvidia — to tank on Thursday and stay mostly flat on Friday. (CNBC | CNN)

Meanwhile, Warner Bros received bids from Netflix, Paramount Skydance, and Comcast as the company mulls a sale of its business after rejecting a nearly USD 60 bn bid from Paramount Skydance earlier. Netflix and Comcast are eyeing its film and TV library, while Paramount Skydance is looking to take over the entire business. (Reuters | Bloomberg | New York Times)

Geopolitics are also still getting attention, with European leaders telling the US that the 28-point peace plan for Ukraine and Russia — which would see Ukraine cede large chunks of territory to Russia, cap the size of its military and lift sanctions on Moscow — still needs “additional work.” Meanwhile, US President Trump told reporters yesterday that Ukraine’s president can agree to the plan by Thursday or “continue to fight his little heart out.” (Bloomberg | Financial Times | Washington Post)

ALSO- The US is reportedly gearing up for a new phase in its operations against Venezuela, unnamed US officials told Reuters. The reports came shortly after a US agency warned major airlines of a "potentially hazardous situation" when flying over the country, leading to cancellations.

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