Pre-Trading Thoughts

Government planning incentives to support the businesses: Extending the current freeze on natural gas prices for four years; A new incentive program for local auto assembly Government targets in FY21/22 a primary surplus of 1.5% of GDP, reduce the total deficit to 6.7%, and reach growth of 5.4% Egypt will be looking to tap international debt markets again in February or March 2022 Remittances in 7M 2021 increased by 10.2% to record about USD18.7 billion House of Representatives gave preli...