In preparation for the start of trading next week.. Macro Group is conducting the private placement

Well, dear readers, we are wrapping up another working week together. Today's newsletter is full of news.

These are still the hottest file on the local level. Today, we present the extent of the progress made by the pharmaceutical giant Macro Group in offering its shares on the Egyptian Stock Exchange, and we also highlight the talk of senior government officials about the government offering program. More on both topics in our post this morning.

HAPPENING TODAY - The Central Bank of Egypt holds its first monetary policy meeting for 2022: Analysts who participated in Enterprise's periodic survey believe that the US Federal Reserve's plans to raise interest rates several times this year, and high inflation in Egypt, are not enough to push the MPC The Central Bank of Egypt is expected to raise interest rates when it meets this afternoon. Analysts unanimously agreed that the Central Bank will keep interest rates unchanged. Attractive real interest rates position Egypt well to withstand the repercussions of the initial phase of Fed tightening, while inflation remains within the CBE's target range.

The Purchasing Managers' Index (PMI) will be issued this morning. The index, issued by IHS Markit, measures the activity of the non-oil private sector in Egypt, Saudi Arabia, the UAE and Qatar. Egypt's non-oil private sector activity remained in contraction over the past 13 months, although last month's readings showed improvement compared to the previous month as inflationary pressures began to recede, while new business witnessed support from the recovery of the tourism sector and the significant rise in exports.

Egypt faces Cameroon, hosts of the African Cup of Nations, tonight in the second match in the semi-finals, and Senegal is waiting to face the winner after defeating Burkina Faso in the first match of the semi-finals yesterday. France 24 indicated that there are great hopes resting with Carlos Queiroz, coach of the Egyptian national team, against Cameroon. The meeting starts at nine o'clock in the evening.

The most important news in the world -

The escalation continues in the Ukrainian crisis: US President Joe Biden ordered the dispatch of nearly 3,000 troops to Poland and Romania in the eastern regions of NATO, as tensions continue in Ukraine. The troops will join some 8.5,000 American troops deployed last week — while the 100,000 troops that Russian President Putin ordered to be deployed to the border with Ukraine have not received any orders to move. The crisis continues to receive wide coverage by the international press, such as Reuters, the Wall Street Journal, the Washington Post, the Financial Times, the New York Times, and the Associated Press.

Biden is knocking on doors in search of alternative sources of Russian natural gas - this could include Egypt: The United States is in contact with natural gas producers, including Egypt, to see if they can increase natural gas production to Europe in the event that Russia stops its supplies, according to for bloomberg. The Ministry of Petroleum refused to respond to a question from Enterprise whether Egypt was in talks with the United States in this regard.

Can Egypt help secure Europe's natural gas needs? The country's LNG exports have reached their limit, according to Standard & Poor's Global. Petroleum Minister Tarek El-Molla said at the end of last December that the Egyptian natural gas liquefaction plants are currently operating at full capacity, adding that exports to Europe have increased significantly over the past year and that "Egyptian gas has played a role in securing Europe's energy needs" amid the pressures on supplies. Globalism.

The 2022 Beijing Winter Olympics have already begun, while the opening ceremony of the Games will be held tomorrow, Friday.