Pre-Trading Thoughts

Egypt has been listed on the agenda of the Executive Board of the International Monetary Fund next Friday, March 29, expected to approve the program newly agreed by the IMF staff level and the Egyptian government. The CBE, on behalf of the Finance Ministry, sold six-month and one-year EGP-denominated treasury bills worth EGP108.6 billion on Thursday at yields of 27.723% and 28.253%. SCZone racked up USD2.8 billion worth of port and industrial zone investments in 9M FY2023-24, spread between 1...