Pre-Trading Thoughts

The government is considering the return of import with documentary collection for some raw materials and production requirements. UAE investments in Egypt increased during 1HFY2021-22 by 169.1% to reach USD1.9 billion. The Ministry of Electricity decided to postpone the implementation of some number of electricity production projects to reduce expenses and financial burdens. During a meeting with the Prime Minister and Minister of Finance, the President directed the government to continue th...