Pre-Trading Thoughts

The CBE could receive another USD5 bn in deposits from the UAE and Saudi Arabia to top up its foreign reserves. The funds will likely be converted into investments over several years. Egypt aspires to attract USD25 billion in FDI within 5 years, with a goal of attracting foreign investments of about USD12 billion during the current FY2023/24. Xinxing Cathay International Group wants to scale back investment in steel plant in the SCZone, investing USD 1.08 bn in two factories.&nb...