Pre-Trading Thoughts

As Egypt prepares to trade with Russia in local currencies, it is now looking at making similar arrangements with China and India. The Emigration Ministry will set up a new company aimed at encouraging Egyptians living abroad to invest in the local economy and bring more hard currency into the country. The Minister of Finance said that Egypt aims to achieve FDIs of USD10 billion in FY 22/23. Abu Dhabi Ports will develop and operate a container terminal at Safaga Port under a USD200 mill...