Pre-Trading Thoughts
The Planning Ministry has upgraded its FY2021/22 growth forecast for the economy to 6%, from 5.6% Egypt is expected to issue Eurobonds worth up to USD5 billion in the FY2022/23 NFL in banks (exc. CBE) increased from USD7 billion to USD10 billion, due to portfolio exits The government has approved new tax exemptions, from the Value Added Tax Law and the Stamp Tax Law Egypt officially joined the JP Morgan government bond indexes for emerging markets with a relative weight of 1.85% EGX Rebalanci...
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