Pre-Trading Thoughts

The CBE has eased its restrictions on credit card use abroad. The new rules require users to provide proof that the card was used while abroad. The CBE’s Monetary Policy Committee will meet on Thursday to review rates. The government is drafting legislation that would introduce a carbon tax. The Planning Ministry said that private-sector firms will have to pay their employees a gross wage of at least EGP3.5k/month from January, up from EGP3k currently. The EU may include the plan ...