Pre-Trading Thoughts

The IMF’s Managing Director Kristalina Georgieva will be in Egypt next week to discuss our USD 8 bn loan program, Prime Minister Moustafa Madbouly said. A delegation from the Fund will arrive directly following her visit in preparation for the program’s fourth review, Madbouly added. The government will be taking another look at its plan to sell off stakes in state-owned companies and assets, Madbouly said. The sectors and sizes of the stakes of offered companies may be re-evaluated, he...