Pre-Trading Thoughts

Foreign investments in T-bills went down in November for the second consecutive month, by USD1.5 billion, reaching about USD20.6 billion The government raised its forecast for the budget deficit in FY2022/23 to 6.3% from 6.1%, President decided to raise the minimum wage by 13% to EGP2,700 Ministry of Electricity intends to pump EGP3-4 bn investments to increase the capacities of the Egyptian-Libyan electricity interconnection lines The US advised its citizens against travel to Egypt, am...