Pre-Trading Thoughts

Egypt plans to develop industrial mining cities for the extraction of gold, copper, and phosphate. The Minster of Petroleum said that Egypt is benefiting from the additional high returns from the export of LNG, which were not taken into account in the budget projections, creating a relative compensation for the increase in oil prices. The trade deficit decreased by 12.5% ​​during October 2021 to record USD2.63 billion; Exports increased by 48.2% YoY, recording USD3.76 billion; Imports i...