Pre-Trading Thoughts

The central banks of the United Arab Emirates and Egypt agreed Thursday to a currency exchange deal. The Egyptian and Chinese central banks discussed a potential swap line during talks in Beijing last week, the CBE said Wednesday. Global index provider FTSE Russell said on Thursday it will add Pakistan and Egypt to watch lists for possible demotion in its equity index suites. The President announced that Suez Canal revenues stand currently at USD10 billion and are expected to exce...