Pre-Trading Thoughts

The recently formed Entrepreneurship Ministerial Committee has announced ambitious plans to increase investments in Egypt’s startups tenfold to USD5 bn in the coming period, through easing market entry among other measures. Industry Ministry revealed new information about the government’s plans to localize automotive feeder industries with a USD 360 mn joint tire-manufacturing project between the Arab Organization for Industrialization (AOI) and an unnamed Chinese company, set to be an entire...