Pre-Trading Thoughts

Tarek Amer has stepped down as governor of the Central Bank of Egypt (CBE). Prominent successor names include Hassan Abdallah, Hesham Ezz El-Arab, Hala El Said, Rania El Mashat, and Gamal Negm. Two Chinese companies are close to being awarded construction work for renewable energy plants in Egypt, by EMEA Power, a subsidiary of the Emirati Al-Nowais Group. The project investments exceed USD1.2 billion. Government discussions have been held over the past weeks with Power China and China ...