Pre-Trading Thoughts

The Financial Regulatory Authority has suspended issuing new licenses for companies seeking to operate in consumer finance or microfinance for one year. Egypt is looking to boost its natural gas production by 30% to 6 bn cubic feet of gas per day by the end of 2025. Kuwait is reportedly mulling converting its deposits in the CBE - USD4 billion - into direct investments. Egypt stands to save between USD300-400 million thanks to the IMF reducing surcharges, a government source said....