Pre-Trading Thoughts

Minister of Finance expects the first installment of the IMF loan of about USD750 million to be received during December, which represents 25% of the total value of the USD3 billion loan. Minister of Finance expects the issuance of Panda bonds worth USD500 million before the end of March 2023. Egypt's PMI dropped from 47.7 in October to 45.4 in November. The government could sell stakes in companies in the banking and oil sectors before March 2023. Qatar Investment Authority is close to final...