Pre-Trading Thoughts
The government will offer EGP10 billion worth of loans at a subsidized 11% interest rate to tourism players. Moody's said that Egypt's assets sale development is slower than expected. Imports worth USD23 billion have been released from Egypt’s ports since January. Russia will not allow the Ukraine Black Sea export deal to continue beyond May 18. The government allocated EGP397 billion in the FY23/24 budget to be spent on health, which is 30.4% higher than FY22/23 figure. ...
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