Pre-Trading Thoughts

The international reserves at the CBE inched up by USD71 million to record USD35.17 billion in November. The Managing Director of the IMF expects the fund to increase the value of the loan provided to Egypt due to the impact of external factors on its economy. The Emirati energy company Mubadala is seeking to inject new investments in Egypt. The new investments will be in energy and decarbonization projects. The government raised the estimated subsidies for petroleum products in FY2023/...