Pre-Trading Thoughts

The Central Bank held a meeting with the directors of treasury and money management in banks, to discuss a proposal related to the possibility of launching high-interest savings certificates on the dollar (at 3% interest rate) targeting Egyptians abroad. Egypt’s economic conference will take place on October 23-25, where Ministers will get together with senior members of the business community. Europe’s liquefied natural gas (LNG) purchases this winter could rise as much as 40% y-o-y to...