Pre-Trading Thoughts

Egypt has approved pre-listing procedures for Watenya and Safi, as the first step toward stock market listings. Serbia will export grain, primarily wheat, to Egypt, as both countries agreed to boost political and economic cooperation. Egypt’s exports to its 5 largest trading partners in the world increased recording about USD4.97 billion in 4M22, compared to USD2.34 billion in 4M21. An Egyptian-foreign consortium has been awarded the Cairo Transport Authority development project, which includ...