Short Takes

FX Rate
+33%
The Egyptian pound depreciated by 33 percent against the dollar after the Central Bank let it float.
Egypt has been battling with an economic crises following the Arab spring and terrorist attacks that cut visits by tourists.
Egypt recently reached a $12 bn deal with the IMF to provide support for its economy.

Oil
6 Days
Oil prices were down six straight days in early trading Friday, dragged down by rising crude inventory in the USA, subdued demand and doubts about the ability of producers to coordinate output cuts.
Brent crude futures were at $46.18 per barrel as at 0656 Eastern Time.

Power
500 MW
Nigeria signed a deal to add up to top megawatts (MW) of power to its grid the office of the Vice President said on Thursday.
Nigeria probably needs up to 40, 000 MW to meet its power shortages but currently produced less than 5,000 ME.