Pre-Trading Thoughts

Cabinet is out with the rules and regulations for the expat car import scheme. Construction at the Grand Egyptian Museum has been completed. The museum would be inaugurated in 2023. The Luxembourg-based Alcazar Energy II fund signed an MoU with the Egyptian government to invest in green hydrogen-based ammonia with a production capacity of 230,000 tons per year. EFIH 3Q22 net profit came in at EGP203 million (+104% YoY, -29.6% QoQ). TMGH 3Q22 sales reached EGP9.7 billion, up 49.2% y/y and 63.6...