Pre-Trading Thoughts

Prime Minister: Egypt is not immune from the squeeze on commodities, rising shipping costs and higher input costs seen worldwide. The government will set out a clear future direction on subsidies when preparing next fiscal year’s state budget in March 2022. Egypt aims to increase Egyptian exports by 15% annually, to reach about USD100 billion. El Sisi inaugurates first phase (100k feddans) of the revived Toshka project. 89 local contractors have qualified to participate in El-Dabaa nucl...