Pre-Trading Thoughts

Egypt and Italy agreed to kick off negotiations for the fourth phase of their debt swap arrangement. The government intends to invest EGP8 billion to establish six strategic stores for medicines and medical supplies, with construction operations to be completed during the next year. The government intends to renew the initiative to exempt gold from customs until the end of next June. The Chairman of the Plan and Budget Committee in the House of Representatives stated that Egypt will pay anoth...