Pre-Trading Thoughts

The General Authority for Investment and Freezones is looking into setting up a freezone in Minya that would house textile projects from a Chinese investment alliance that is eyeing USD1.5 billion in initial investments. The Finance Ministry will launch an electronic tax system for clearing investors’ receivables and debts next month. Net foreign assets of the CBE were almost flat at EGP592.469 billion (c. USD11.7 billion) by the end of December 2024. The FRA issued a decree determining the m...