Pre-Trading Thoughts

President El-Sisi directed the government to take several urgent social measures, including: Raising all salaries for government employees by 50% at a minimum of EGP1,000 to EGP1,200 to reach EGP6,000.Meanwhile, the social package allocates EGP15 billion for increasing the salaries of doctors, nurses, teachers, and university faculty members.A15% increase in pensions for 13 million citizens at EGP 74 billion.A 15% increase in "Takaful and Karama" pensions at the cost of EGP 5.5 billion ...