Pre-Trading Thoughts

The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, and revised its outlook for rate cuts to just one in 2024. The CBE revealed that the balance of foreign investments in Egyptian treasury bills in March, surged to USD32.5 billion, up from about USD13.7 billion in February. Chinese shipping and logistics group Cosco Shipping will invest USD375 mn this year to increase its container capacity at various Egyptian ports. AD Ports will develop,...