Pre-Trading Thoughts

The CBE's net foreign liabilities' position shrank in March by about 84% to be limited to USD1.38 billion, compared to USD8.7 billion in February, the lowest since March 2022. The IMF revealed that the government is developing an electronic system for government procurement and studying the strengths and weaknesses of the public procurement system to improve the management of public investments. Saudi Arabia’s Ajlan & Bros Holding has filed an offer to the government to secure a land plot...