Pre-Trading Thoughts

Emirati and Qatari sovereign wealth funds and investors are eyeing stakes in state-owned pharma companies Chemical Industries Development (CID) and Misr Pharma. The Chinese consortium contracted to work on the fourth phase of Cairo’s light rail transit (LRT) system will arrange a USD250 million soft loan from a syndicate of international banks to help finance the project. Saudi pharma manufacturer Avalon Pharma wants to build a factory in Egypt as part of a bigger plan to invest around EGP...