Pre-Trading Thoughts

Banque du Caire is now offering a one-year, 25% certificate of deposit. Real estate tax revenues reached EGP3.1 billion during 1H22/23. The Ministry of Transport and the Spanish train manufacturer, Talgo, are considering establishing a new company to localize the train manufacturing industry in Egypt. According to Fitch Ratings, Egyptian banks’ regulatory capital ratios can withstand further EGP depreciation as they are supported by healthy internal capital generation. BINV is going to sell G...