Pre-Trading Thoughts

Federal Reserve raised interest rates by 25 bps at its policy meeting; Six hikes remaining meetings this year; US stocks rallied; Oil prices were negatively impacted Egypt and Saudi Arabia signed an agreement to expedite the completion of procedures related to investment in Egypt through the Saudi Public Investment Fund (PIF) Fitch: Egypt faces a higher likelihood of taking on new funding from the International Monetary Fund and a CBE rate hike Ministry of Trade and Industry highlighted...