Pre-Trading Thoughts

The EU will provide EUR100 million to support Egypt in response to the rise in food prices due to Russia's war on Ukraine. The Cabinet approved increases in 5 grants from the United States with a total value of USD74.6 million to reach a total of USD569.4 million, in the sectors of health, population, education, higher education, and agriculture. The General Authority for Investment and Free zones (GAFI), the Financial Regulatory Authority (FRA), and the Information Technology Industry Develo...