Pre-Trading Thoughts

Egypt's BoP recorded an overall surplus of USD1.9 billion in FY2020/21, compared to a deficit of USD8.6 billion last FY Current account deficit surged to USD18.4 billion, up from USD11.2 billion (+64% YoY) Trade deficit widened from USD36.5 billion in FY2019/20 (+15% YoY) Tourism revenues recorded USD4.9 billion in FY2020/21 Net FDI recorded USD5.2 billion in FY2020/21 Remittances hit USD31.2 billion in FY2020/21 Foreign portfolio investments saw a net inflow of USD18.7 billion in FY202...