Pre-Trading Thoughts

El Sisi held a meeting with a delegation of Egyptian business leaders and investors from a range of industries. El Sisi said import issues will be resolved in a month or two. Foreign companies rejected the Egyptian Electricity Transmission Company’s decision to pay the value of contracts and tenders for the supply and installation of station equipment in EGP-equivalent instead of USD. The House of Representatives’ general assembly gave its final approval yesterday to two separate bills of par...