Gov’t returns to quarterly automatic fuel pricing starting this quarter

Good morning, friends, and welcome back.

The CBE is having a busy start to the week. We unpack the new regulations below.

There’s a wave of consolidation updates to dive into this morning across M&A.

BEFORE WE DIVE IN- Congratulations to our Pharaohs and Om el Donia.

ARE YOU MORE OF A LISTENER? Morning Drive is a 10-minute summary And if you like it, tell your friends to tell their friends. They can find us on Apple, Spotify, or wherever they get their podcasts.

Back to the automatic

We are returning to the quarterly automatic fuel-pricing mechanism this quarter (July-September) watch, runtime: 46:49

REMEMBER- told us in April

Waiting on the banks

The Finance Ministry is reworking the pricing of its next Citizen Bond issuance after banks rolled out competing variable-yield savings products

The competition for liquidity is fierce. last month April rate hike 19% variable-rate CD offering certificates three-year savings certificate

The balancing act: raised EGP 5.7 bn and EGP 2 bn 34% of Egyptian banks’ assets EGP 3.4 tn local debt plan

It’s a few degrees cooler in Alexandria

The big story abroad

Amid no significant developments in the US-Iran peace talks

Iran began yesterday a six-day funeral for former Supreme Leader Ayatollah Khamenei

US clean power bill soars: surge

And in the M&A world: secured its largest share

We dive deeper into the trends characterizing global M&A activity in today’s Planet Finance, below.

Meanwhile, on Wall Street: leading to fears

World Cup haunted by “ghost ticketing”? under investigation