Pre-Trading Thoughts

Tourist arrivals rose 25% y/y in 1Q25 to 3.9 million. Tourism minister expects the 5% y/y increase in 2024 to be followed by an 8% y/y increase in 2025. The House of Representatives will start discussing amendments to the Old Rent Law today. The IMF said in its latest Regional Economic Outlook that “economic activity is expected to pick up but remain modest” this year in Egypt. According to IMF data, public debt fell to 89% of GDP by the end of FY23/24, compared to 95.7% at the end of the pre...