Pre-Trading Thoughts

The European Investment Bank (EIB) and the French Development Agency (AFD) have signed agreements with the Egyptian government to help finance upgrades to the Tanta-Mansoura-Damietta railway line. The EIB is extending a EUR221 million loan, while the AFD will lend EUR95 million. The government is working to establish a company dedicated to receiving the investments of Egyptians working abroad. The Egyptian Mercantile Exchange (EMX) goes live today. EGAL could appoint an independent financial ...