Pre-Trading Thoughts

International Islamic Trade Finance Corporation will help Egypt deal with rising wheat prices with a USD3 billion increase in financing. Egypt hopes to finalize a fresh assistance program with the IMF within two months, Discussions are to maintain the momentum of growth above 5%. Minister of Petroleum said that Egypt will launch a new bid for oil and gas exploration in the 2H2022. SKPC released positive 1Q21/22 bottom line came in at EGP251 million (+42% QoQ, +65% YoY). Volumes more tha...