Pre-Trading Thoughts

Egypt expected to be back to JPMorgan’s emerging-market sovereign bond index by January 31, 2022 with an index weight of 1.85% Egypt’s LNG exports are set to rise as shipments from the Idku liquefaction plant and the recently revived Damietta plant ramp up Suez Canal revenues recorded USD4.86 bn YTD in 2021 (+12.4% YoY) Egypt looking to tap international debt markets again in February or March 2022 Government on track to complete the procedures required to issue sovereign sukuks by 2Q2022...