Pre-Trading Thoughts

The World Bank lowered its annual global growth forecast for 2022 down from 4.1% to 3.2%, citing the impact that Russia’s invasion of Ukraine. Egypt's external debt has increased to USD145.5 billion in December 2021, up from USD137.4 billion in September (5.9% QoQ increase). Saudi Shura Council approved a draft agreement between the governments of Saudi Arabia and Egypt regarding the investment of the Saudi Public Investment Fund (PIF) in Egypt. Prime Minister met with Emirati investor Mohame...