Pre-Trading Thoughts

The CBE is preparing to launch a new index which links the Egyptian Pound with a basket of international currencies and gold with various weights in order to determine a more realistic exchange rate instead of depending solely on the USD. Misr Life Insurance finalized preparations to offer 45% of its shares in IPO. Investors will be able to bid for industrial land from Wednesday, 16 Aug, through Wednesday, 27 Sep, under a new phase of the IDA investment map. The government is in talks w...