Pre-Trading Thoughts

The CBE decided to keep the current key interest rates unchanged in its meeting held on Thursday. The CBE attributed its decision to the easing inflationary pressures, among other factors. The IMF is currently conducting the third review of Egypt’s expanded USD8 billion loan program. UK-based and Africa-focused petroleum firm Vivo Energy has reportedly submitted an offer of around USD100 million for 174 gas stations currently owned by state-owned fuel retailer Wataniya. The government has rep...