Pre-Trading Thoughts

Egypt is in talks with Chinese officials to issue CNY-denominated bonds in the world’s second-largest bond market, Finance Minister told Enterprise. The minister declined to be specific about the size of the potential offering. The Madbouly cabinet will soon review a bill that, if passed, would allow businesses to deduct the healthcare tax from taxable income, Finance Minister said. MPC meets tomorrow to look into rates. Despite the considerable negative real interest rate, we do not see an u...