Pre-Trading Thoughts

The Supreme Constitutional Court ruled on Saturday that the 7% flat rate in the Old Rental Law for residential properties is unconstitutional and called on the Egyptian parliament to amend the law. The US Federal Reserve cut interest rates for the second time, this time by 25 bps, bringing them to 4.5%-4.75%. The Oil Ministry launched the Sustainable Aviation Fuel Production Company, which will invest USD530 million to develop production facilities and integrate the facility with other petrol...