The Wrap: Egypt Labour Disputes Threaten Recovery, Syria Tries to Close Import Gap | REBEL ECONOMY

The Wrap: Egypt Labour Disputes Threaten Recovery, Syria Tries to Close Import Gap | REBEL ECONOMY:
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• EGYPT

- This morning the government statistics agency, CAPMAS, published figures that show annual consumer inflation slowed to 9.7% in August, from 10.3% in July reflecting easing pressure on the currency. The pound has actually been appreciating slowly in the last month but as Rebel Economy has signalled before, that doesn’t mean the currency is strong.
- BG Group Drops Most in 10 months on Egypt Delays - Bloomberg
Remember that good news yesterday on BP’s gas discovery in Egypt? Well news that another British oil company, BG Group, is suffering project delays in Egypt shows how fragile the country’s energy sector can be."

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