Pre-Trading Thoughts

The government will announce the revamped export subsidy program within weeks, Prime Minister Moustafa Madbouly said during his weekly presser yesterday The three-year program is expected to come into effect with the new fiscal year on 1 July. Egypt’s interest payments on debt rose by 18.4% to EGP 939 bn in 1H FY 2024-25, according to the Finance Ministry’s Monthly Finance Report. Interest payments also made up 5.5% of GDP during the period, according to the ministry’s General Economic and Fi...