Pre-Trading Thoughts

The CBE will start handing out letters of credit (LCs) to importers of non-essential goods at the start of June. The government has cleared USD20 billion worth of goods across the country’s ports since the beginning of 2024, a source at the Customs said. Prime Minister stated during the World Economic Forum meeting in Riyadh that it costs Egypt USD10 billion annually to host 9 million refugees. Japan has pledged USD230 million in financing to support the state budget, Finance Minister Mohamed...