Pre-Trading Thoughts

The Central Bank of Egypt is auctioning off USD980 million worth of one-year t-bills. The government is reportedly looking to issue new legislation and incentives to make units offered in the New Administrative Capital’s central business district more attractive to foreign investors. The government will soon announce the new licensing requirements for private sector-run freezones. Expats have transferred some USD767 million to the government under its car-for-FX scheme. The IMF report on the ...