Pre-Trading Thoughts

Egypt’s PMI scored 46.7 in March 2023, from 46.9 in February, signaling a further deterioration in the performance of non-oil companies. Egypt’s external debt in 2Q FY22/23 rose 5.1% q-o-q to USD 162.9 bn during the October-December quarter. The Suez Canal Economic Zone (SCZone) will head to India in June, to meet with businesses and investors in sectors including automotive, pharma, and green fuel in efforts to attract more foreign investors to the zone. A delegation of Chinese t...