Pre-Trading Thoughts

NIR declined slightly to USD33.141 billion at the end of August, compared to USD33.143 billion in July. EGP slipped to 19.31 against the USD yesterday from 19.29. The Customs Authority has raised the USD customs exchange rate to EGP 19.31 from EGP 18.65 in June, effective today. The European Bank for Reconstruction and Development (EBRD) is ready to provide as much as USD 1.3 bn in funding to support clean energy projects in Egypt. Putin said he wants to change the landmark agreement allowing...