Pre-Trading Thoughts

The EBRD will provide USD532 million in soft financing to the National Bank of Egypt, Banque Misr, and impact investor Mediterrania Capital Partners, the International Cooperation Ministry said. The Parliament approved a bill that will scrap tax exemptions previously enjoyed by public-sector companies and state entities. The government will wrap up the disbursement of EGP7.5 billion to 750 exporters as a first batch of export subsidies under the sixth phase of its subsidies program.&n...