Pre-Trading Thoughts

“The electricity will not be cut off again... and there will be no more load shedding,” Mostafa Madbouly said, adding that the government is working to secure the necessary energy shipments to keep the lights on 24/7. Our natural gas output will return to normal levels before June 2025, Madbouly said, adding that the dip in production was due to the government’s inability to pay foreign companies their dues. The Saudi government’s planned investment of USD5 billion in Egypt is separate from p...