Pre-Trading Thoughts

Global markets were severely down at open, but recovered towards the end of the trading session, with futures pointing at markets being in the red today. Anticipated interest rate hikes in the US and rising geopolitical tensions in Europe were the key reasons. Tourism revenues surpassed USD13 billion in 2021 The Oil Ministry wants to attract USD 7 bn of FDI in FY 2022/23 Egypt’s budget deficit stood at 3.9% in 1HFY2021/22 The rise in global wheat prices will cost us an additional EGP12...