Pre-Trading Thoughts

Annual urban inflation cooled for the fourth consecutive month, registering 27.5% YoY in June, down from 28.1% YoY in May. The new government explained detailed plans for its three-year term. Goals include: Private investments to make up 51% of total investments in Egypt by the fiscal year 2026-2027 and 70% by 2030. Cabinet aims to reduce the unemployment rate to 6.5% by FY2026-27 and to 6.1% by 2030.Cabinet has revised downwards its tourism target and now expects to welcome 25 million t...