News Updates EGYPT COMMENTS The Egyptian government says that the local currency — the Egyptian pound — will not collapse under the weight of the current economic problems, and that the loss in value of eight percent in recent weeks is a controlled drop in value.However, the population and businesses of Egypt don't seem to agree with the government, as the black market in foreign currency has sprung up again and the Egyptian pound is seen trading at about 95 percent of official values. The old days of trading suitcases of local currency for foreign currency on street corners in central Cairo seem to have returned.With the trade deficit at a record level of 29 billion Egyptian pounds ($4.3 billion), up close to 30 percent over...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
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.