Egypt

Egypt is ambitiously targeting USD 2 bln in foreign deals by the end of June, offering state assets, including banks, power plants, and gas stations. Potential buyers, mainly allies like Saudi Arabia, Qatar, and the UAE, are waiting for the Egyptian pound to weaken further. That presents a dilemma for the nation, needing the foreign exchange from these deals before allowing its currency to depreciate, which could inflate its current inflation rate above 30%.