Pre-Trading Thoughts

The government aims to lower the overall debt-to-GDP ratio to below 90% by June 2022 The government revised its forecast for the budget deficit in FY2021/22 to 6.7%, and to less than 6% for FY2022/23 Revenues from the Suez Canal increased by about 10% YoY in January 2022, to reach USD544.7 million Suez Canal announced implementation of the new fees, with an increase by 6% YoY The government is looking to list “as many state companies as possible” on the EGX in 2022 The Suez Canal Authority ha...