Pre-Trading Thoughts

-Egypt’s first sovereign sukuk offering could be in the range of USD500 million, possibly as early as 2022 -Net foreign assets (NFAs) of the banking system retreated to USD10.1 billion in August from USD15.67 billion in July -EM equities vulnerable to a spike in US treasury yields, Egypt is best placed among EM -Government entities won’t pay dues of suppliers and contractors without a proof of fulfilling the insurance payments, income tax and VAT declarations (e-finance) -ETEL looking t...