Pre-Trading Thoughts

Egypt is looking to welcome some 15.5-16.5 mn tourists this year, Tourism Minister said. The Ministry has revised its initial target of 17-18 mn due to geopolitical tensions. There will be no increase to income tax rates or brackets, Finance Minister, in response to media reports that claimed otherwise. The government is looking to launch a telecom-focused sub-fund under the Sovereign Fund of Egypt (SFE) within weeks. The Ministry of Environment is preparing a package of projects worth ...