Pre-Trading Thoughts

Egypt and Saudi Arabia are studying the possibility of conducting local currency-denominated trade in the coming period. Two high-profile Saudi investors are separately eyeing investments and acquisitions in Egypt that could together be worth north of half a billion USD, 1.Al Lami Holding Group is aiming to invest some USD500 million in Egypt over the next two years in tourism and real estate. 2.Batterjee Holding Group is eyeing a potential acquisition of an EGX-listed pharma company. The ...