Pre-Trading Thoughts

FDA authorized Pfizer’s at-home pill, which was proven to be effective against the Omicron variant. Such news should reduce Omicron-induced volatility in global markets. President El-Sisi stated the government is to limit the number of beneficiaries from ration cards. CCAP’s Egyptian Refining Company (ERC) is close to reaching a preliminary debt restructuring agreement for its USD2.35 bn debt. A group of fertilizers producers asked for setting up an auction through the commodity e...