Pre-Trading Thoughts

The UN Development Program (UNDP) estimates that the war in Gaza could cost Egypt’s economy between USD5.6 bn and USD19.8 bn throughout the current and upcoming fiscal years, depending on how far the conflict escalates, as Suez Canal and tourism revenues are expected to take a big hit, among other worries. A government agency has asked some business organizations, including the Federation of Egyptian Industries, the Egyptian Federation of Investors Associations, and the Federation of Ch...