Pre-Trading Thoughts

The IMF is in discussions with the new cabinet over its policy and goals for the coming three years, these talks should wrap up next week. The Oil Ministry is set to receive two LNG shipments within the coming ten days. Suez Canal revenues fell 23% y-o-y during the fiscal year 2023-2024 to record USD7.2 bn. Egypt and Saudi Arabia have completed 60% of the electrical interconnection project between the two countries, and the first phase of operation is scheduled to begin in July 2025, at...