Pre-Trading Thoughts

The Madbouly government is aiming to transfer the administration of all state-owned companies to the Sovereign Fund of Egypt (SFE) in order to boost their returns, Investment Minister Hassan El Khatib said. Finance Minister Ahmed Kouchouk shared the details of the government’s social protection package of wage and pension hikes and support to Egypt’s most vulnerable. Some measures will take effect starting the new fiscal year in July and others will be implemented between March and July. The ...