Pre-Trading Thoughts

Suez Canal revenues are expected to hit USD7 billion in 2022, up 11.1% YoY Suez Canal Authority is considering granting reductions in transit fees ranging between 10%-20% for green ships EGP30 billion will be allocated to develop state-owned oil companies in the FY2022/23 budget (AMOC) SCZone is in talks with Hungary over potential investment in a specialized industrial area South Korea will provide a USD1 billion soft loan to Egypt; eyes participating in Al Dabaa nuclear plant construction T...