Pre-Trading Thoughts

Foreign nationals already in Egypt applying for residence permits will be required to pay their required fees in hard currency starting Saturday, 16 September. Three unnamed firms hailing from the Arab world and China are looking to invest USD600 mn to build wind farms in Egypt. The final buyer of the Beni Suef power plant will repay international creditors' loans directly linked to the plant. Fitch said that pressure on the EGP may ease if the government succeeds in selling assets to externa...