Pre-Trading Thoughts

The Cabinet approved fixing the currently applied electricity prices until January 1, 2024. The Cabinet granted the International Finance Corporation the right to issue bonds in Egyptian pounds in foreign markets. Hassan Abdalla has been reappointed as the acting CBE governor for another one-year. Egypt plans to establish a logistics zone on the Libyan border as it looks to increase trade with its western neighbor. The zone will be built on an area of 300 feddans near the port in Salloum. The...