{"id":557372,"date":"2021-09-16T04:00:49","date_gmt":"2021-09-16T04:00:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/16\/this-morning-its-interest-rate-day-the-semi-finals-of-the-cib-egyptian-squash-open-take-place-today-egypt-libya-committee-meeting-today\/"},"modified":"2021-09-16T04:00:49","modified_gmt":"2021-09-16T04:00:49","slug":"this-morning-its-interest-rate-day-the-semi-finals-of-the-cib-egyptian-squash-open-take-place-today-egypt-libya-committee-meeting-today","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/16\/this-morning-its-interest-rate-day-the-semi-finals-of-the-cib-egyptian-squash-open-take-place-today-egypt-libya-committee-meeting-today\/","title":{"rendered":"THIS MORNING: it\u2019s interest rate day; The semi-finals of the CIB Egyptian Squash Open take place today; Egypt-Libya committee meeting today."},"content":{"rendered":"

Well, ladies and gentlemen<\/strong>: We have the meatiest workaday issue that we can remember to close out the week. Before we get down to it though, as we say every six weeks...<\/p>\n

<\/a> It\u2019s interest rate day here in Egypt:<\/strong> The Central Bank of Egypt will meet later today to review interest rates. All 10 analysts we polled<\/a> last week expect policymakers to leave rates on hold<\/strong> for a seventh consecutive meeting, pointing to the uptick in inflation<\/a> and the pressure to maintain foreign inflows into Egyptian debt. Participants in a Reuters<\/a> poll also expect the MPC to leave rates unchanged.<\/p>\n

WHAT ELSE IS HAPPENING TODAY- <\/strong><\/p>\n

The Egyptian-Libyan Higher Committee is set to meet for the first time today <\/strong>since 2009.<\/strong> A Libyan delegation headed by interim PM Hamid Debeibeh arrived in Cairo yesterday<\/a> for the meeting. Dbeibeh will hold talks with Prime Minister Moustafa Madbouly ahead of the committee\u2019s main session. The committee was revived this spring<\/a> following the restoration of official ties between Egypt and Libya. Libyan General Khalifa Haftar and the speaker of the Tobruk-based House of Representatives Aguila Saleh \u2014 who haven\u2019t always seen eye to eye<\/a> with Dbeibeh \u2014 were in Cairo on Tuesday<\/a> for talks with President Abdel Fattah El Sisi.<\/p>\n

Infrastructure diplomacy ahead of the meeting:<\/strong> Transport ministers from both countries signed two agreements<\/a> that will see Egyptian companies work on Libyan infrastructure works such as roads and bridges as well as projects to upgrade Libya\u2019s ports and lower pollution.<\/p>\n

The semi-finals of the <\/strong>CIB Egyptian Squash Open<\/a><\/strong> are being played today:<\/strong> In the women\u2019s draw, world no.1 Nour El Sherbiny plays third seed Camille Serme while world no.2 Nouran Gohar faces fourth seed Amanda Sobhy. In the men\u2019s, first seed Mohamed El Shorbagy is up against Tarek Momen while world no.2 plays Paul Coll.<\/p>\n

ALSO- EFG Hermes\u2019 fourth Virtual Investor Conference continues today, <\/strong>running through to 21 September with the theme of \u201cAfter Reflation \u2014 FEMs in 2022.\u201d<\/p>\n

The <\/strong>UN General Assembly<\/a><\/strong> is ongoing in New York until 30 September<\/strong>. The general debate will take place from 20-28 September. Leaders from at least 83 countries are expected to attend in person<\/a> \u2014 in contrast to last year, when the meeting was almost 100% virtual. There\u2019s no word yet on whether President Abdel Fattah El Sisi will attend in person or virtually.<\/p>\n

NEXT WEEK- The US Federal Reserve meets to review interest rates on 21-22 <\/strong>September<\/strong>. <\/strong>Pressure<\/a> has been building on the Fed to take a more hawkish stance to combat inflation by bringing its stimulus programme to a premature end and start raising interest rates earlier than planned. But a slight slowdown in US consumer price inflation<\/a> last month could give the Fed a breather and relieve pressure for a policy change.<\/p>\n

The <\/strong>Cityscape real estate investment conference<\/a><\/strong> gets underway next week<\/strong> at the Egypt International Exhibition Center. The event runs from Wednesday, 22 September to Saturday 25.<\/p>\n

Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n

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