Pre-Trading Thoughts

A delegation from the EGX, the Central Bank of Egypt, and the Financial Regulatory Authority (FRA) wrapped up on Friday the week-long roadshow in Riyadh, Abu Dhabi, and Dubai where they met with 20 investment funds and institutions to raise interest in the government’s privatization program. EBRD is expecting the domestic economy to grow at 4.3% in FY22/23 and 5.0% in FY23/24, on the back of higher commodity prices, lower investor sentiment, higher borrowing costs and greater pressure o...