Pre-Trading Thoughts

The government has lowered real GDP growth outlook for FY21/22 to 5.7% and for FY22/23 to 5.5% Government signed a 40-year loan agreement with the French government for EUR776.9 million to fund the 55 new trains for Cairo Metro Line 1 France will ensure that Egypt gets the wheat it needs in the coming months as the war in Ukraine creates supply risks Monthly fuel import bill approached USD1.05 billion, compared to about USD790 million before the war Government is now reviewing its...