Pre-Trading Thoughts

Egypt plans to issue international bonds worth USD6 billion in FY 2022/23 to finance its foreign exchange needs. The same article adds that Egypt is negotiating with the IMF a USD15 billion facility. Acquisition deals recently concluded by Gulf funds (ADQ, PIF) on the Egyptian stock exchange can be repurchased within two years from the date of sale, according to the local media. FRA has approved a proposal from the EGX allowing it to prompt securities brokers to reverse transactions tha...