Pre-Trading Thoughts

Ministry of International Cooperation launched the joint national strategy between Egypt and the World Bank Group for the period 2023-2027. Emirati investors are interested to acquire stakes in Banque du Caire and Arab African International Bank. The Finance Ministry has proposed allocating EGP 586.7 bn to public investments for FY23/24, up 56% YoY. Within the FY22/23 fiscal budget, allocations to education will rise 19% to EGP 305.2 bn in FY 2023-2024 while health spending will increase 14% ...