Pre-Trading Thoughts

The IMF’s first and second reviews of Egypt’s USD3 billion loan program are in their final stages and are expected to be completed in a few short weeks, according to the IMF Managing Director. MPs are meeting today to discuss and vote on the EGP180 billion social support package announced last week by the presidency. The House will also discuss and vote on a number of agreements that include: A EUR500 million grant from the European Investment Bank to support the Environment Minis...