Pre-Trading Thoughts

The Federal Reserve enacted its second consecutive 0.75 percentage point interest rate increase, taking its benchmark rate to a range of 2.25%-2.5%. Minister of Finance said that the government might issue local Sukuk at the present time, given the current adverse conditions of international markets, worth USD500 million to USD1 billion. Egypt is working to resolve differences with the IMF in talks for a fresh assistance program, the Minister of Finance said, adding that talks have two differ...