Pre-Trading Thoughts

The Cabinet approved presidential decrees regarding three financing agreements with the EU, which will see Egypt unlock over EUR1 billion in funding. The state aims to add 28 GW of renewable energy to the country’s energy mix over the next 5-7 years. The government plans to announce “revolutionary” tax reforms next month, Prime Minister said, adding that the reforms aim to meet investor demands and encourage exports. The Prime Minister ruled out fresh wage hikes with the anticipated social su...