Pre-Trading Thoughts

*Key news articles for today* The Ministry of Finance reduced the allocations for the export burden rebate program in FY2024/25 budget to EGP23 billion, compared to EGP28 billion in the budget of the current fiscal year. The Chairman of the Export Council for Chemical Industries, said that this reduction will be offset by an acceleration in refunding companies’ export burdens, instead of the current delays. Ministry of Finance delivered the FY2024/25 budget statement to the House. The documen...