Emirates NBD's Pigat on Egypt Devaluation, Inflation

The video discusses the GCC markets, focusing on Saudi Arabia's improved liquidity and fiscal spending's impact on the non-oil sector. It also covers the Egyptian economy, highlighting the IMF's involvement, potential devaluation, and inflation concerns. The parallel market's influence on inflation and the need for aggressive interest rate hikes are emphasized.

Discuss the potential impact of a currency devaluation on corporate profits in the non-oil sector of Saudi Arabia.

What predictions can be made about inflation rates in Egypt for 2017 based on the current economic indicators?