Pre-Trading Thoughts

The Egyptian Mercantile Exchange (EMX) will go live on Sunday 27th November, the Supply Ministry said. Traders will be able to buy and sell wheat from next week. The House of Representatives approved a previously agreed USD6 billion loan with the International Islamic Trade Finance Corporation to help meet the country’s needs of basic food commodities and fuel productions. According to local press, the initiative to finance SMEs at 5% interest will continue without change.  ...