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Logistics (MENA) 
Orascom, Metito reach financial close for Abu Dhabi desalination project. PLUS news from Dar and Acacia, Banque Misr, Alameda, Siemens Healthineers
The USD 2.2 bn project includes a 500k cbm/day desalination plant and a 75-km water pipeline
Lumi shares rise 30% on Saudi stock market debut
The IPO was almost 95x oversubscribed
Just when emerging markets thought they had beaten inflation…
Oil prices have surged 30% over the past three months
Investors can now trade t-bills in the local market
Traders bought and sold EGP 33.9 bn worth of t-bills during the opening session
Our sovereign bonds could be removed from JP Morgan’s EM index
The investment bank has put Egyptian sovereign debt under review
Greenback hits six-month high as Fed warns rates will remain higher for longer
The greenback has now climbed more than 6% since the middle of July
Fed signals higher rates for longer
The US central bank left rates unchanged but warned that policy would have to remain tight due to the continuing…
Global growth to slow to 2.7% next year -OECD
Excluding 2020, this would be the slowest rate of growth since the global financial crisis
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