Pre-Trading Thoughts

Egypt’s economy is expected to grow at c.6-7% in 2Q21/22 and end FY21/22 with a GDP growth rate of 5.5% to 5.7% Suez Canal recorded the largest monthly revenues and net tonnage in November, of USD571.3 million and 113.5 million tons, respectively Egypt and Russia are in talks to establish a joint company to supply grains to Egypt and improve its food security Financially distressed SMEs will be given more time — and more avenues — to settle their debts under a new initiative from the CBE to s...