Pre-Trading Thoughts

*Key news articles for today* Egypt’s external debt has decreased by 8.43% after hitting USD153.86 billion at the end of May 2024 compared to USD168.03 billion at the end of December 2023. This is mainly attributed to the waiver of UAE's deposits in the CBE, amounting to USD11 billion. Egypt's expected external debt obligations in May during the 12 months ending in May 2025 declined by about 16.7% to USD37.5 billion, compared to April's position at USD45 billion. Egypt’s foreign reserves can ...