Pre-Trading Thoughts

The Egyptian government is in the final stage of talks with the IMF on new funding. FDI outflows from Egypt last year recorded about USD367 million. The volume of FDI inflows to Egypt last year were about USD5.122 billion. Ministry of Supply signed agreements to establish commercial and logistical zones in Kafr El-Sheikh, Suez, and Dakahlia, with investments exceeding EGP4.5 billion. Volume of local wheat supply for the harvest season has so far reached 4.397 million tons, which may bring the...