Pre-Trading Thoughts

Key news articles for today* The government is working to clone the expat car import initiative for real estate purchases. The initiative could see the government refund 80% of the property price to the buyers in EGP over an 8-year period. This is less than the 100%-over-10-years initially proposed. The expat car-for-FX initiative is expected to get orders with a total of USD2 bn from its first two phases, Finance Minister said. Egypt is considering issuing Bonds denominated in Arab currencie...