Pre-Trading Thoughts

Ministry of Finance has revised its fiscal targets for FY2022/23 to 6.3% of GDP, compared to a previous target of 6.1%, and the primary surplus to 1.5% down from 2% President El-Sisi directed the government to prepare a package of financial and social protection measures to mitigate the effects of global economic repercussions on citizens Foreign holdings of T-bills increased in January 2022 by about USD800 million to USD21.3 billion EFIH announced a USD10 million investment in Nclude Fund, a...