Pre-Trading Thoughts

Net international reserves increased by about USD60 million, recording USD40.91 billion by end of November The latest set of conditions for the new license to manufacture cigarettes was published yesterday; Higher competition for EAST might exist for Cleopatra brand; EAST is allowed to own 24% of new company CBE, Finance Ministry, and Egyptian Banks Company signed an agreement with MTS (EFIH owns 10% of MTS) to integrate Egypt’s banking system with the Nafeza system for digitizing custo...