Pre-Trading Thoughts

Suez Canal Economic Zone aims to attract USD2 bn of investments in 2023, within the textiles, readymade garments, automotive, and steel pipes industries. The value of goods released from Egyptian ports YTD hit USD5.4 billion. As many as six of the first eight companies set to offer shares as part of the state privatization program are oil or petchem players, including Enppi, Midor, Assiut Oil Refining Company (ASORC), Ethydco, and El Wady for Phosphate Industries and Fertilizers (WAPHCO). Tou...