Pre-Trading Thoughts

The government has received several expressions of interest from international investors to look further into the details of the 32 companies to be sold under the government privatization program. The period from 1-18th of February witnessed the release of goods worth USD3.7 billion from Egyptian Ports, as per the Cabinet statement. The government decided to cancel Cabinet Resolution No. 94 of 2022, which imposed price controls on rice in the local market, in hopes to increase supply in...