Pre-Trading Thoughts

Trade deficit amounted to USD2.08 billion in January, compared to USD3.32 billion for the same month in 2023, a decrease of 37.2%. The Italian "Eni" revealed that it spent USD230 million in 2023 on the development works in Zohr Field, bringing its total expenses on the field to USD6.2 billion. The government discussed main criteria for establishing new special free zones, including the type of the activity, size of employment, exported portion of the output, dependence on local input, and oth...