Pre-Trading Thoughts

The Finance Ministry is gearing up to complete its first sovereign sukuk issuance of the year within the next month, with the issuance set to be around EGP2-3 billion. The Cabinet approved the launch of a EGP30 billion financing initiative to support and finance priority industrial sectors. UAE’s AMEA Power signed an agreement with the Egyptian Electricity Transmission Company to develop two battery energy storage systems (BESS) with a combined capacity of 1.5 GWh. Prime Minister met wi...