Pre-Trading Thoughts

Egypt welcomed around 13 million tourists in 9M2023, putting Egypt on track to hit the target of 15 million visitors in 2023, up 32% YoY. The volume of imports accumulated at ports decreased by about 17% last October, equivalent to USD800 million, to reach about USD3.9 billion, compared to USD4.7 billion at the end of last September. Units of Saudi Arabia’s Fawaz Abdulaziz Alhokair Company (Alhokair) could invest as much as USD1.5 billion in Egypt in 2024, according to press. The Minister of ...