Pre-Trading Thoughts

The Supreme Investment Council approved 22 measures aimed at attracting more foreign investment. The decisions include: Reducing the cost of establishing companies, Expanding the issuance of the Golden License, Facilitate land ownership, Alleviate financial and tax burdens on investors, and Incentives for transportation and housing sectors, especially in new cities. The EBRD has cut its Egypt growth forecast for the current fiscal year to 4.0%, down 0.7% from its last forecast. The EBRD...