Pre-Trading Thoughts

Saudi Arabia’s sovereign wealth fund has set up a company to manage its investments in Egypt and is looking at promising sectors such as infrastructure, real estate, health care, financial services, food and agriculture, manufacturing and pharma. Saudi Arabia’s sovereign fund appoints EFG Hermes as an advisor to acquire United Bank. The government has inked an MoU with the Chinese appliance manufacturer Haier Electric to establish a USD 130 mn industrial complex to produce household appliance...