Pre-Trading Thoughts

Egypt and Saudi Arabia signaled their intention to strengthen economic ties during a visit by Saudi Crown Prince Mohammed bin Salman, announcing deals worth USD7.7 billion. The agreements cover key sectors including energy, tech, food, and pharma, including: Ajlan & Bros inked a USD 3.3 bn agreement to build a facility for storing petroleum products with the Egyptian Arab Supply Chain Group Company. ACWA Power and Hassan Allam Holding signed a 25-year power purchase agreement (PPA) ...