Pre-Trading Thoughts

The Finance Ministry is looking to raise USD500 million in a bond issuance in India in 2024, Minister said. The bond would be denominated in INR. The tax revenue on the Suez Canal Authority’s income during 1Q23/24 increased by 151.6% to EGP21.4 billion. The CBE is currently negotiating with the UAE to roll over a USD3 billion deposit, due current December. The African Finance Corporation aims to pump investments worth more than USD1 billion into mega projects in the Egyptian market duri...