Pre-Trading Thoughts

*Key news articles for today* The World Bank has announced that it will be providing Egypt with USD700 mn. The funding comes as part of a three-year USD6 bn financing package from the bank that was announced in March. The government announced that it will carry on extending load-shedding for an “extra hour” until the end of the week. The EGP weakened against the greenback to its lowest level since 21 April by the time banks closed yesterday, with the national currency settling at EGP 48.37 at...