Pre-Trading Thoughts

Remittances from Egyptians working abroad increased during July 2024, for the fifth month in a row, by 86.8%. Transfers amounting to about USD3 billion The government is considering canceling the planned capital gains tax on all EGX transactions as part of a broader drive to improve the country’s investment climate, Investment Minister said. Deputy Minister of Finance said that EGP67 billion were disbursed to more than 3,000 exporting companies within the Export Burden Refund Program since 20...