Pre-Trading Thoughts

The IMF has kept our growth forecast for the current fiscal year unchanged at 4.1% in its updated World Economic Outlook. President Sisi met his Russian counterpart Vladimir Putin on the sidelines of the Brics Summit, which kicked off in Kazan yesterday. The conversation centered around Egypt’s role in the bloc, bilateral relationship, and regional and international issues. El Sisi made a case for using the Brics platform to find workarounds for external trade restrictions that hamper intra-b...