Pre-Trading Thoughts

Net International reserves surged to record USD 40.46 billion in March, up from USD35.31 billion in February. Foreign investors have poured USD17.8 bn into Egyptian government debt in the first quarter of 2024. The cabinet approved the new EGP120 bn program of subsidized loans for manufacturers in freezones as well as agriculture and renewable energy companies — which offers financing at an interest rate of 15%. The cabinet approved the executive regulations for the new Building Reconciliatio...