Pre-Trading Thoughts

The Suez Canal revenues jumped in October to USD880.1 million, an increase of 24%, compared to USD709.5 million during the same month of 2022. The cabinet reviewed some 58 draft laws on its priority list ahead of submitting them to the parliament at a future date. These include draft laws to help facilitate privatization and the sale of state assets to investors, with an ambitious plan in place to raise USD5 bn from October 2023 to June 2024, and draft laws to grant incentives to green ...