Pre-Trading Thoughts

The Sovereign Fund of Egypt (SFE) is gearing up for new sales of state-owned companies in 1Q24. The privatization program will expand to include companies working in the infrastructure and financial services sectors. Two of five LNG shipments destined for Europe are being prepared to leave Egypt within a week, government officials have reportedly said. The Oil Ministry plans to export all five shipments before the end of 2023. Private-sector workers on the minimum wage will get a sala...