Pre-Trading Thoughts

El Sisi appointed 13 new ministers in a cabinet shake-up. Key changes: CIB’s retail banking chief, Ahmed Issa, replaces Khaled El Anany at the Tourism Ministry, while Nevine Gamea will make way for Rep. Ahmed Saleh, who had headed the House Economic Affairs Committee. Cairo Glass Chairman Mahmoud Esmat has been named the new public enterprises' minister, replacing Hisham Tawfik. CBE deputy governor Gamal Negm: Egypt’s foreign currency shortfall narrowed to USD 400 mn in July from USD 3...