Pre-Trading Thoughts

We published this morning our earnings expectations for companies under coverage in 4Q2022/FY2022/FY2023, where 4Q2022 should be a stable quarter YoY, with some developments. The CBE clarified that the draft law amending some provisions of the Unified Tax Procedures Law submitted by the government is only related to exchanging information with foreign tax authorities and not with the Egyptian Tax Authority for local purposes. The CBE confirmed that the aforementioned draft law does not affect...