Pre-Trading Thoughts

Suez Canal achieved revenues of USD6 billion from January until the first half of December 2021. Egypt might face a higher wheat import bill as Russia is considering imposing higher export tariffs if wheat prices reach USD375/ton, with a bigger hike proposed if prices reach USD400/ton. CLHO’s BoD approved MCI Capital’s offer price to acquire up to a 26% stake for EGP5.00/share; Shareholders have until next Sunday to subscribe to the voluntary tender offer. Saudi consumer electronics ret...