Pre-Trading Thoughts

Egypt issued the first sustainable Panda bonds in the Middle East and North Africa at CNY3.5 billion (USD500 million) with a yield of 3.5% over three years. Suez Canal revenues jumped by 34.7% to hit USD9.4 billion up from USD7 billion, and are projected to reach USD10.3 billion by the end of 2023, according to Chairman of the Suez Canal Authority. The House of Representatives gave final approval to some bills: (1) allowing non-Egyptian investors to become registered importers for a ten...