Pre-Trading Thoughts

Minister of Finance revealed that the size of the loan requested by the government from the International Monetary Fund is less than USD15 billion. Ministry of Finance has not yet determined the final size of the international bond to be offered in 2022-2023. Free Zone Companies are looking into securing their raw material needs from the local market, to alleviate some of the pressure on foreign currency demand. Egyptian Competition Authority (ECA) has approved a request by 23 cement producer...