Pre-Trading Thoughts

Egypt is looking to attract some USD2 bn in foreign direct investment from EU countries in its industrial sector by the end of 2024. Also, Egypt seeks to increase its exports to the EU by 10% by the end of this year, rising from EUR11.5 bn in 2023, to EUR12.6 bn in 2024. The CBE sold EUR610 mn one-year treasury bills on Monday, with an average yield of 3.75%, which is 0.25% less than the previous bid of 4.00%. The government has approved a EGP7 bn of subsidized loans for pharma companies, off...