MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGIONEgypt is rumored to be considering further devaluation of its currency against the U.S. dollar. The Egyptian pound has slipped a little in value to 51 to the U.S. dollar, from 48 to the dollar. However, Egypt’s Prime Minister says that there is no need to panic and that devaluation is not currently being considered.Egypt’s trade deficit has increased by 22.8 percent versus September 2023 with increases seen in oil and natural gas import costs. Wheat and corn import costs were down by about 25 percent due to lower international prices.Egypt’s annual urban inflation rate is at 25.5 percent – the lowest level seen since December 2022. Local food prices dropped by 2.8 percent to 23.3 per...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.