Pre-Trading Thoughts

S&P Global Ratings has affirmed Egypt’s B credit rating with a stable outlook. Prime Minister announced in a speech to reporters the following: 1) The backlog of imported goods at Egyptian ports has been cleared. 2) The government will in two weeks reveal the details of the state-owned firms it plans to offer on the EGX this year. 3) The government will work to activate the initiative to finance the industrial sector, with an interest rate of 11%, starting next week.&nbs...