Pre-Trading Thoughts

The CBE is going to stop providing funding for subsidized loans and pass the responsibility to the housing, finance, and tourism ministries. The initiatives that the CBE will stop supporting include: the tourism sector support initiative, the dual-fuel vehicle replacement initiative, the real estate financing initiative for low- and middle-income, and the initiative to encourage modern irrigation methods. Lekela Power is looking to invest USD2 billion in Egypt over the next four years. ...