Pre-Trading Thoughts

NBE and BM are studying a proposal to offer USD certificates of deposit with 17% interest rate, with the equivalent value of interest being paid in Egyptian pounds, and another with a return of up to 10%, with interest being paid in US Dollars, while limiting the right to subscribe to Egyptians with dual nationalities, or those working abroad, or foreigners. Barclays is lining up a June promotional roadshow for the sale of United Bank. The government is studying offering additiona...